Day 3! Insights 🔎 - A View From...
Senior Partner - John Jones
"Today I am back on site at Shepherds Bush Market working on behalf of YOO Capital. In September 2020, YOO Capital acquired the controlling interest in the Market and Tandem were appointed as Property Asset Manager. Established in 1914, the Market is one of London’s most historic markets. The site includes adjoining land available for a mixed-use development with the opportunity to deliver critically needed affordable housing and affordable workspaces. Since September we have been working with YOO Capital and Shepherd’s Bush Market Traders to improve and repair the Market’s infrastructure.
YOO Capital have begun consultation on a new Masterplan vision which will include investment into the market to support the market traders and their businesses, that have been an integral part of West London for generations.
The Tandem team have been building site knowledge and getting to know over 100 traders. This hasn’t been easy in lockdown, but the traders are certainly resilient and many are re-stocking, sending out deliveries and redecorating stalls and shops. Yesterday I met a range of traders to discuss rents, lease terms, and to listen to feedback and expectations as we start to look forward to April when most of the traders will re-open. This is a hands-on job and meeting traders is an essential part of the role to inform and advise the client. I will be back on site tomorrow to check out a number of vacant units which need to be stripped out, refitted and prepared for short term lettings, as we look to bring more visitors and customers to the Market."