Is one of London's oldest markets under threat?

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Is one of London's oldest markets under threat?

Traders at one of London's oldest markets are calling on the public to help them raise money for legal fees amid concerns for their future.

The Shepherd's Bush Market Tenants' Association says it believes the private landlord is trying to push businesses out by introducing higher rates and changes to leases.

The landlords and devlopers U+I sent LondonLive this statement: 

“U+I is 100% committed to the future of Shepherd’s Bush Market. In fact, we allocated a significant amount of money for improvement works at the Market to secure the market’s long-term future. For example, we have recently invested in new CCTV and new visual banners, and today saw the start of our repainting and refurbishment works to vacant units, with lots more in the pipeline.
Working with the traders, we are constantly looking at ways to improve the Market for traders and customers. We are delighted that following our recent investment, the Market has seen its first increase in footfall in 3 years – which goes up month by month. In October 2018 we saw a 102% increase in footfall compared to the previous year.
As per the Traders’ handbook that was issued in November 2018, we will be holding bi-monthly trader engagement sessions where the traders will have direct access to speak to U+I as the landlord.
We will continue to support all of our traders.” 

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