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.
