Race Against Time to Save Brixton Market from Private Equity
8 hours ago
- #Brixton Market
- #Community Ownership
- #Private Equity
- Brixton Market, known as London's most diverse and vibrant market, is at risk of being sold to private equity firms.
- Traders need to raise £15 million by June 22 to launch a community buyback bid and prevent the sale.
- Current owners, TPG Angelo Gordon and Hondo Enterprises, are selling the market for £50 million, aiming to increase profits by evicting tenants with lower rents.
- Traders complain of soaring rents turning the market into a 'ghost town' and feel marginalized by owners without community ties.
- The Brixton Traders and Community Association, with The Advocacy Academy, is leading the 'Buy Back Brixton' campaign to restore community ownership.