Quarterbridge-MAM: meet the companies waging ‘f***ing war’ on local markets

Corporate Watch

Town centre and street markets are at the frontline of gentrification battles between neighbourhoods and big developers. In Seven Sisters, North London, traders and campaigners are fighting to save the “Latin Village” market, a centre of life for the local Latin American community in particular.

The traders are trying to stop huge corporate landlord Grainger’s ‘redevelopment’ of the area. Grainger is backed by the new ‘Corbynista’ Labour council led by Joe Ejiofor, which seems intent on forcing the development through.

There is a third key player in the scheme: a group of companies owned by two Essex-based businessmen called Raymond Linch and Jonathan Owen. They are on a mission to buy up and “redevelop” markets across the UK.

One of their businesses, named Quarterbridge, was hired as a consultant to help draw up the Seven Sisters market redevelopment plan. Another company they own, called Market Asset Management (MAM) Seven Sisters, now runs the market – and is set to win the lease on the redeveloped site too.

In this report we outline Quarterbridge-MAM’s activities in Seven Sisters, and look deeper at how the business works. We find:

Full post

Advertisements

Leave a comment

No comments yet.

Comments RSS TrackBack Identifier URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.