PUBLISHED: 15:26 25 October 2018 | UPDATED: 16:17 25 October 2018 Sam Gelder.


Picture: Chris Notley outside his jewellers Raffles. Picture: Sam Gelder.

Ridley Road Shopping Village in Dalston.

The owners of Ridley Road Shopping Village are trying to stop its closure tomorrow, the Gazette can reveal.

Rainbow Properties, which bought the site two years ago and plans to redevelop it, has remained silent since more than 20 traders were given just two weeks’ notice to leave.

But today director Guy Ziser told this newspaper the firm was looking to keep the market open “as a priority” – if it could.

Market manager George Albert also spoke to traders about the eviction for the first time this afternoon, and said the lease could be taken over by Rainbow to allow it to stay open.

Mr Ziser said: “It’s a great market and we are sad the operator took the decision to close it now.

Mohamed Barry at his stall in Ridley Road Shopping Village. Picture: Ramzy AlwakeelMohamed Barry at his stall in Ridley Road Shopping Village. Picture: Ramzy Alwakeel
“Since that decision we’ve been contacted by the mayor of Hackney, Phil Glanville, and by traders themselves.

“Up until now, we haven’t had any contact with the traders, but in the two years or more that we’ve owned this site, we’ve been keen for this market to operate and for the traders to prosper.

“We would have been happy to see the market stay open until sometime next year, and certainly until Christmas, but it was the market operators decision to close.

“This is a priority for us, and we’re going to talk to the mayor and the police and see whether anything can be done to reopen the market. “We can’t guarantee anything at this stage as there are factors outside our control which means the decision not does necessary rest wholly with us.

“We know it is a gem of a market, and we understand the hardship of local traders forced to close early.”

Mr Ziser also said he was speaking to the council about how to bring in small independent traders to “continue the spirit of the market” should redevelopment be approved.

A planning application currently being considered includes 10 luxury flats with retail space underneath.

Traders – and the 60 plus artists in the studios upstairs – had already been told to leave on December 29 because of the redevelopment plans.

Then management firm, Ridley Road Shopping Village, sent out a letter on October 11 claiming they it had “no choice” but to close tomorrow because police had slapped bosses with a “notice” after a drugs raid.

It stunned traders, who had stocked up for the vital Christmas trade.

It has since been confirmed cops had simply asked them to brush up on their security to tackle ongoing anti-social behaviour order. The Community Protection Notice (CPN) did not require closure, or threaten it.

Mr Albert told traders today at the market that his firm could not afford to install the additional security and that talks were ongoing for Rainbow Properties to take over the lease so police’s demands could be met.

Christine Notley, of Raffles Discount Jewellers, said traders were told the market should be open next week as normal, on a four-week rolling lease.

“It sounds like good news,” she said. “Some people have already left and others have dismantled their stalls and would have liked to have known sooner rather than later, but it is good.”

The news comes as traders this afternoon travelled to Rainbow’s West Hampstead office to hand in a petition against the closure – one of two being circulated, with the online campaign receiving more than 5,000 signatures.

Since the Gazette broke the story last week Mr Glanville has told the managers to stop the closure, referencing the lack of planning permission for the development .

The plans also appear to differ from the town hall’s own vision for the area, as detailed in a draft local plan published this week.

It states: “Development which would result in the permanent loss of markets or pitches will be refused unless appropriate comparable replacement provision is made.”

The closure would also affect traders on the outdoor market, who use the ground floor and basement of the building for storage.

Ridley Road Market traders’ association chair Larry Julian claims there’s “only a couple” of his members who use the building, but others estimate there are dozens in total.


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