Israeli buys hugely popular London market for £400m
search

Israeli buys hugely popular London market for £400m

Billionaire Teddy Sagi acquires Camden Stables Market, which is visited by 40 million people a year

London's Camden Stable Market (Photo credit: Youtube screen capture)
London's Camden Stable Market (Photo credit: Youtube screen capture)

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)
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.

Earlier this month Sagi sold approximately $500 million worth of Playtech shares.

Join us!
A message from the Editor of Times of Israel
David Horovitz

The Times of Israel covers one of the most complicated, and contentious, parts of the world. Determined to keep readers fully informed and enable them to form and flesh out their own opinions, The Times of Israel has gradually established itself as the leading source of independent and fair-minded journalism on Israel, the region and the Jewish world.

We've achieved this by investing ever-greater resources in our journalism while keeping all of the content on our site free.

Unlike many other news sites, we have not put up a paywall. But we would like to invite readers who can afford to do so, and for whom The Times of Israel has become important, to help support our journalism by joining The Times of Israel Community. Join now and for as little as $6 a month you can both help ensure our ongoing investment in quality journalism, and enjoy special status and benefits as a Times of Israel Community member.

Become a member of The Times of Israel Community
read more:
comments