Market Tech Holdings, the owner of the iconic Camden Market which is majority owned by Israeli entrepreneur Teddy Sagi, said it has added another property to its burgeoning north London empire and that trading was on track.
The company, which owns around 14 acres of land in and around Camden, said it has bought the freehold of 49 Chalk Farm Road, for £5.2m, which is home to music venue The Barfly.
In a trading update ahead of its interim results in December, the property firm said its Hawley Wharf development was on track, with demolition now completed on the majority of the site.
The market site is being turned into a new scheme called Camden Lock Village, that will incorporate commercial and retail space alongside modern housing and a new primary school.
The company, which is planning a move to the main market less than two years after floating on Aim, said it has also submitted plans to re-develop Camden Lock market and expects to hear whether or not they have been approved before the end of the year.
Market Tech wants want to link up its estate with a string of technology acquisitions it has made over the year to create a global online market place for Camden’s 1,000 independent retailers.
As well as launching new version of the website www.camdenmarket.com, the company has also converted underused space in Camden’s Stables market into co-working space for entrepreneurs and start-ups called The Interchange. It said the first of the three sites, called the Triangle was now majority let.