Israeli billionaire Teddy Sagi has bought London’s immensely popular Camden Stables Market for over £400 million ($665 million).
The deal between Sagi and businessmen Richard Caring and Israeli Bebo Kobo was reached after 18 months of negotiations. Sagi now owns 100 percent of the market’s shares.
The Camden markets, or Camden Lock, are a well-known tourist attraction in north London. The complex includes several markets with the largest, the Stables Market, drawing in around 40 million visitors every year.
The market, built within horse stables dating back to the 19th century, includes hundreds of stalls, art galleries, antiques shops and more. The deal also reportedly covers an adjacent residential development site, Hawley Warf, which is set to include 170 homes, a cinema and a school.
Sagi, 42, is the owner of Playtech, which provides software solutions for online gambling sites worldwide.
Earlier this month Sagi sold approximately $500 million worth of Playtech shares.