Sports Direct poised for £30m takeover of Brixton Market

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Brixton Markets

South London’s popular Brixton Markets could soon have a new owner in the form of Mike Ashley’s Sports Direct group, according to reports.

The Evening Standard has said that the retail company is reportedly a frontrunner to acquire Brixton Village and Market Row for £30 million.

The precincts, often referred to as Brixton Markets, are home to around 140 retailers and restaurants – most of which are independent or small businesses.

It follows Sports Direct’s purchase of land near the markets in August.

Brixton Markets generates an estimated rental income of £1.3 million per year.

Sports Direct has not yet provided comment on the potential acquisition deal.

The precinct is being sold by property agents GCW and Lewis & Partners on behalf of listed landlord London & Associated Properties.

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