Hondo Enterprises, the owner of Brixton’s covered markets in a joint venture with the giant New York based investment manager Angelo Gordon, announced today (22 August) that they had bought the Coldharbour Lane building that housed the 414 Club.
Tony Pommell and Louise Barron, who launched the 414 Club there more than 30 years ago, had to leave the premises before the sale. Before this, they had fought off numerous attempts to oust them.
Hondo says it will look for a new tenant for the club.
London and Associated Properties (LAP), which sold Brixton Village and Market Row to Hondo and Angelo Gordon for £37.25m in 2018, received £2.35m in cash for the building at 414 Coldharbour Lane.
LAP, which bought the property in 2006, said in an announcement on 1 August this year that the sale was to “an overseas buyer”.
Hondo said in its announcement that Club 414, “unfortunately closed at the end of May”.
But, it went on: “following the purchase by Hondo Enterprises it will re-open in the coming months.
“Hondo are currently looking for a new tenant that will be able to retain the diverse, fun and world-famous atmosphere of 414.
“As part of the purchase Hondo has committed to providing live music and similar event nights that have made Club 414 famous for decades.
“Hondo recognise that Club 414 was a pioneer in Brixton’s night time economy and the cultural heritage it holds for the area.
“As with the market … Hondo will look to protect the special character that has made the 414 so popular while also investing in it so it can continue hosting thousands of clubbers every year.”
Hondo said more details would be announced in the coming months.
Taylor McWilliams, founder of Hondo Enterprises, who is performing in Ibiza this summer with his four-person DJ collective, Housekeeping, said: “We are completely committed to Brixton and want to preserve its unique history and culture.
“Dance music is a huge part of my own life and Club 414 is a world renowned night time venue.
“When the opportunity presented itself we therefore felt we had to step in and save Club 414, an iconic entertainment venue in the heart of Brixton.
“We look forward to delivering ground-breaking nights out for the people of Brixton and further afield.”
The four directors of Coldharbour APL, the registered owner of 414 Coldharbour Lane, all have the same correspondence address as Angelo Gordon’s London headquarters in Mayfair. Two of them list their country of residence as the Netherlands and two as the USA.