Brixton Village - news and discussion

[editor]

I'm hearing that there's some fairly hefty rent rises coming up for some traders in Brixton Village. Anyone know any more about this?

 

[TruXta]

Only some traders? What's that to do with? Different lengths of contract and so on, or are they singling out particular traders?

 

[quimcunx]

It's not really going to be a surprise if the idea was to give them preferential rates to get them in there.

No doubt the landlord greed will contribute to fucking it all up. ''If you can't pay we'll get starbucks in there. They've already say they'll pay more''

I won't hold much hope for some lovely well-appointed customer toilets any time soon financed by modest reasonable rent hikes.

 

[colacubes]

I think some of the newer tenants were given lower rents to attract them weren't they? Could be the end of that lower rent period maybe. Could also be that the owners are wanting to make big bucks now that it's popular. Hardly surprising, and I wouldn't be surprised if some of the older or quieter businesses go under.

 

[Minnie_the_Minx]

It's all Jay Rayner's fault

 

[TruXta]

Preferential rents sounds familiar now that you girls mentioned it. Is it time to take bets on which chain will be the first to move in? I can see a GBK or something like that giving it a go.

 

[Davidoff]

I read it was free rent for first three months. But I also heard from guy at khamsa they had been increasing rent for the less groovy/posh places that were already there to get rid of them. Dunno if that's true

 

[Minnie_the_Minx]

I read it was free rent for first three months. But I also heard from guy at khamsa they had been increasing rent for the less groovy/posh places that were already there to get rid of them. Dunno if that's true

That would be totally outrageous if that were true, and is it even legal, or did they have lower rents to start with?

 

[quimcunx]

I read it was free rent for first three months. But I also heard from guy at khamsa they had been increasing rent for the less groovy/posh places that were already there to get rid of them. Dunno if that's true

There was certainly talk of traders in other parts of the market getting massive hikes and back rent demands etc.

It wouldn't be surprising if they did want to 'sanitise' the BV part by getting rid of fishmongers and the like.

Tbf it would kind of make sense to shuffle things around to have all the eateries in one place so that one indoor area can be kept open late while shops that don't want to be open until 10 anyway have that part shut earlier.

 

[Davidoff]

I found it pretty awful when i heard it. it would be strange because they were giving free rents to new places for 3 months, so it wouldn't be fair to increase other rents around them.

 

[Minnie_the_Minx]

There was certainly talk of traders in other parts of the market getting massive hikes and back rent demands etc.

It wouldn't be surprising if they did want to 'sanitise' the BV part by getting rid of fishmongers and the like.

Tbf it would kind of make sense to shuffle things around to have all the eateries in one place so that one indoor area can be kept open late while shops that don't want to be open until 10 anyway have that part shut earlier.

and make one of the arcades excluively for the use of yuppies? Suppose keeping them in one place means they can be kept an eye on. Maybe they can have their own Brixton Village resident copper to keep the plebs out and ensure their safety

 

[quimcunx]

and make one of the arcades excluively for the use of yuppies? Suppose keeping them in one place means they can be kept an eye on. Maybe they can have their own Brixton Village resident copper to keep the plebs out and ensure their safety

Yes. That's exactly what I said.

 

[Minnie_the_Minx]

Yes. That's exactly what I said.

You didn't mention their own resident copper to keep short Scottish people out though

 

[TruXta]

AKA the Shortscot-stopper?

 

[DietCokeGirl]

I hear the new owners are being somewhat creative with heir service charges, in full knowledge that there's a waiting list for units now.

 

[quimcunx]

You didn't mention their own resident copper to keep short Scottish people out though

That would be silly. These are my people. They have found me. They are home.

Have you been to brixton village, minnie? I'll treat you to lunch or dinner there sometime.

 

[quimcunx]

AKA the Shortscot-stopper?

I saw you the other week. you were chit chatting to a couple sat outside the ritzy.

 

[TruXta]

I saw you the other week. you were chit chatting to a couple sat outside the ritzy.

Was it two dark-haired people, one female, one male?

 

[quimcunx]

Was it two dark-haired people, one female, one male?

Yes, I believe it was.

It was a week past sunday.

I'd seen you a couple of days before too. Walking. along the street. with your legs.

anyway this is really chitter chatter chat.

 

[TruXta]

In that case it was my lovely girlfriend and her brother. Rah!

 

[quimcunx]

In that case it was my lovely girlfriend and her brother. Rah!

Oh, really? They said some awful things about you after you left.

 

[Minnie_the_Minx]

That would be silly. These are my people. They have found me. They are home.

Have you been to brixton village, minnie? I'll treat you to lunch or dinner there sometime.

I was there the other week walking my Irish friend through it, although it was only around 4.30pm so it was empty

 

[Roly]

I just hope they don't murder a beautiful community.

 

[netbob]

Since late 2009, we have invested considerable time and effort in establishing our two Brixton markets as cutting edge retail and leisure locations. Initially we worked with a specialist marketing company to offer pop-up shops to entice new retailers into a location that had suffered over the years from high vacancies and low investment. The vast majority of these early retailers converted into full leases at market rents at the end of their trial periods

Our two markets in Brixton have been strong performers in terms of rental growth. These assets were also acquired as part of the London Portfolio. Since 2009, we have spent considerable time and effort in re-branding the markets as more exciting places to shop, with a particular emphasis on quality food and restaurants as well as cutting edge fashion. The net result of this input is that rents have grown by some 8% and Brixton Village, one of the markets, is fully let for the first time in some 20 years. As
detailed in the Chief Executive’s report, we have plans to work with a leading market operator to ensure
the next phase of this asset’s growth

http://www.lap.co.uk/downloads/lap10.pdf

 

[Minnie_the_Minx]

I just hope they don't murder a beautiful community.

A beautiful edgy, vibrant, trendy, multi-cultural community, which will be no more once it's overtaken by trendy eateries catering to the middle classes

 

[DietCokeGirl]

I didn't think LAP ran it anymore?

 

[editor]

Phrases like "cutting edge retail and leisure locations" always worry me.
No normal person would use such bizarre language. They use words like "shops" and "cafes."

 

[netbob]

I didn't think LAP ran it anymore?

They still own it, but have outsourced the management to http://opencorporates.com/companies/gb/02186286

Rent is reviewed every 12 months:

http://www.inshopsretail.com/index.php?id=42

 

[lang rabbie]

I didn't think LAP ran it anymore?

My understanding was that 25 year leaseholds of both Brixton Village and Market Row had been sold to Geraud Markets UK. They are part of the same (French-owned) group as "Inshops" - but I understood that this division concentrates mostly on managing locally authority owned markets.

Brixton itself is changing and anyone who remembers the problems of the early 80s would scarcely recognise the area, which has become one of the London's most fashionable postcodes

Market Trade News - June 2011

 

[TruXta]

So who actually owns the buildings and the land?