Brixton news, rumours and general chat - May 2013

[fortyplus]

Intereting bit in the latest Private Eye about London & Associated Properties (L.A.P.) who own (or used to own?) Granville Arcade/Brixton Village and Market Row. It's owner is Michael Heller, close mate of David Cameron, donator of £25,000 to the Tory party and recently knighted in the new year honours list. L.A.P. own another shopping centre down in Eastbourne which collapsed in December and still hasn't been properly repaired or reopened. Some of the tenants are still being charged rent!

They're still the freeholders. InShops signed a 25 year lease with them pretty much at the peak of the Villaaage hysteria so presumably for top dollar.

 

[Rushy]

They're still the freeholders. InShops signed a 25 year lease with them pretty much at the peak of the Villaaage hysteria so presumably for top dollar.

If the rents keep going up and the occupancy remains at 100%, presumably the value keeps going up?