‘Substantial profit’ as Brixton Market sale confirmed for £37.25 million

Brixton Market Row exterior
Market Row

London and Associated Properties plc, the former owner of Brixton Village and Market Row, announced today (27 April) that it had completed their sale for £37.25 million.

In a statement, the company said: “Last valued at 31 December 2016, the sale represents a substantial profit over the stated book value of £24.5 million.”

£15.9 million of the proceeds have been used to repay debt, and the balance has been added to LAP’s cash reserves.

Hondo Enterprises, controlled by London-resident Texan Taylor McWilliams, announced in March that it had bought both the freehold and leaseholds of the property and that it wanted a “conversation” with the local community.