Israeli billionaire Teddy Sagi has reportedly hired financial adviser Rothschild & Co to sound out investor interest for London’s Camden Market.
According to a news report by the Financial Times, the landlord is hoping to attract bids in the region of £1.5 bn (€1.75 bn) for one of London’s busiest tourist destinations.
The 16-acre estate includes a trio of markets — Stables Market, Camden Lock Market and Buck Street Market — as well as new housing and co-working offices.
Sagi, the founder of gambling software company Playtech, first bought into Camden in 2014. The estate, which is held by one of Sagi’s portfolio companies LabTech, was previously put up for sale in the summer of 2019. That process almost resulted in a sale, but was derailed by the coronavirus pandemic, according to the FT.
