Agents appointed as Brixton Market put up for sale
Investment platform TPG Angelo Gordon and property investment company Hondo Enterprises have appointed agents to find a suitable buyer for the freehold and part leasehold of Brixton Market.
Savills and Bruce Gillingham Pollard have been appointed to market the asset, which comprises 179 stores and restaurants and welcomes nearly five million people every year.
The market – which is primarily split between Market Row and Brixton Village – is located just 12 minutes from Central London, and benefits from a local catchment of 1.4 million residents within a 20-minute radius.
The asset has an occupancy rate of over 90% and is home to a range of businesses serving the local and wider community.
Oliver Bamber, a director in Savills’ Central London investment team, said: “Brixton Market is an exciting opportunity for a buyer to own a truly unique London destination, which is located at the heart of the vibrant Brixton community. The markets attract nearly 100,000 visitors each week, and is an irreplaceable property that enables a buyer expand upon Brixton’s local significance and legacy. With consistently high occupancy and tenant retention levels, as well as a strong underlying reversion, Brixton Market is strategically positioned for future growth, all while staying true to its tradition of supporting the local community.”
Wesley Ankrah, director of social value at Savills, added: “This is an excellent opportunity for an investor to be part of a vibrant and diverse community, where over 95 micro, small, and medium enterprises (MSMEs) thrive and contribute to 29% of central Brixton’s footfall. Representing over 32 nationalities, Brixton Market is a cornerstone of local entrepreneurship and success, offering not just financial returns but also a direct social impact.”