News

Hondo emerges as Brixton Markets owner after Market Villages flips pre-emption rights buy

By 2018-03-27T17:06:00

Brixton Market

US investor Hondo Enterprises has emerged as the ultimate buyer of Brixton Markets after Market Villages flipped ownership of the leasehold having exercised its pre-emption rights.

London & Associated Properties completed the sale of the leasehold to Brixton Markets for £37.25m to tenant Market Villages after the group exercised its pre-emption rights last Friday.

It has since emerged that Hondo Enterprises subsequently bought both the lease for the site that was owned by Market Villages and the freehold, that was still owned by London & Associated Properties.

Last month, millionaire Irish investor Aidan Brooks agreed a deal to buy the Markets as part of a consortium for £37.3m before leaseholder Market Villages agreed its deal.

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