Londons Camden Market up for sale for £1.5bn
Summary
Londons Camden Market up for sale for £1.5bn The sprawling London estate of Camden Market has been put up for sale by its owner, Israeli gambling software tycoon, Teddy Sagi, through LabTech, one of his investment vehicles. Sagi began buying into the 16 acre estate in 2014 when he bought Stables Market, which includes a number of crafts, fashion and food stalls, for £400 million. He then bought Camden Lock Market, comprised mainly of arts and crafts stalls, from Brockton Capital for around £80 million. Under Sagis ownership, a number of small independent traders in the market have disappeared, to be replaced with bigger commercial brands and businesses. The billionaire attempted to sell the destination in 2019, when he reportedly hoped to fetch around £1 billion, but the process was stalled by the pandemic outbreak.