Sun, 05 Jun 2022 | BUSINESS SALE
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. The trio of market acquisitions was completed with the purchase of the 26,000 sq ft Buck Street Market, now reconstructed from 88 recycled shipping containers. Sagi added a number of nearby office buildings to the mix.
Under Sagi's 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. The sales brochure at the time said that the estate could generate over £72 million in annual rent income.
LabTech has appointed merchant bankers Rothschild & Coto seek out potential buyers.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
A 10 bedroomed town centre hotel which welcomes tourists and locals alike. Set in the picturesque region of Dumfries and Galloway, the hotel also hosts a year-round trade of golfers, bikers, cyclists, hikers and sighters keen to take advantage of the...
FREEHOLD
Located on the Island of Burray, just off mainland Orkney, once only accessible by boat, but now linked by the iconic causeways - the Churchill Barriers. The hotel itself has an imposing position overlooking the beach and Burray Harbour, with stunnin...
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.