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:

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