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.
Teddy Sagi, pictured with supermodel Bar Refaeli (YouTube Screenshot)
Sagi, 42, is the owner of Playtech, which provides software solutions for online gambling sites worldwide.
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
Earlier this month Sagi sold approximately $500 million worth of Playtech shares.
Bridging the US-Israel divide
While the heart of The Times of Israel’s work takes place in Israel, so many of Jerusalem’s actions are influenced by those in Washington’s halls of power.
As ToI’s US bureau chief, I work to gain access to decision-makers in the United States government so our readers can understand the US-Israel relationship beyond the platitudes evident in public statements.
I'm proud of our ability to inform without sensationalizing, our dedication to be fast while ensuring accuracy, and our determination to present Israel's entire, complex story.
Your support through The Times of Israel Community helps us continue to keep readers around the world properly informed about the critical Israel-US relationship. Do you appreciate our news coverage? If so, please join the ToI Community today.
- Jacob Magid, The Times of Israel's US bureau chief
Yes, I'll join
Yes, I'll join
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel eleven years ago - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this