Brixton Market put up for sale by controversial owner

London’s famous Brixton Market has been put up for sale for the first time in six years.

Savills and Bryce Gillingham Pollard have been appointed to sell the freehold and part leasehold of the market, which is made up of 179 shops and restaurants.

Hondo Enterprises, which is run by Texan millionaire DJ Taylor McWilliams, has owned the market with investment firm TPG Angelo Gordon since they bought it for £37.25m in 2018.

However, Hondo has repeatedly clashed with the local community over its plans for the area.

Last summer the firm’s plans to build a 20-storey office block in the middle of Brixton were withdrawn following public opposition, with nearly 8,000 people signing a petition against it.

Hondo also caused controversy in 2020 after issuing an eviction notice to the popular Nour Cash & Carry in Market Row, which relocated to a larger location following community outcry.

Wesley Ankrah, director of social value at Savills, said the market was run by traders from over 32 different nationalities and was “a cornerstone of local entrepreneurship and success, offering not just financial returns but also a direct social impact” to any potential buyer.

Oliver Bamber, director in Savills’ central London investment team, said: “The markets attract nearly 100,000 visitors each week, and is an irreplaceable property that enables a buyer to 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.”

Brixton Market has an annual footfall of nearly five million and is home to restaurants including Club Mexicana, Le Bab and Fish Wings and Tings.

Terms of the sale were not disclosed.