Savills and Bruce Gillingham Pollard have been appointed to sell the freehold and part leasehold of Brixton market, SW9.
Owned by Texan DJ Taylor McWilliams’ firm AG Hondo, and backed by US-based investment firm TPG Angelo Gordon, Brixton market comprises Market Row and Brixton village. It includes 179 stores and restaurants, has an annual footfall of nearly 5m and more than 90% occupancy rate.
In July 2023, AG Hondo withdrew its two-year-old plan to redevelop 20-24 Pope’s Road, which included expanding Brixton Village with a rooftop restaurant and 200,000 sq ft of office space.
The decision followed the mayor of London’s criticism of the proposed 20-storey tower, which would “harm the area’s character”. The plan faced around 2,200 objections.
Oliver Bamber, a director in Savills’ central London investment team, said: “Brixton market attracts 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, said: “This is an excellent opportunity for an investor to be part of a vibrant and diverse community, where more than 95 micro, small and medium enterprises 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.”
From the archives: Texan submits plans for Brixton scheme
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