:quality(75))
How can you tell the capital markets are smiling wider than ever on alternative assets?
Answer: Because Israeli billionaire Teddy Sagi is once again mulling the sale of London’s Camden Market.
Alts get no more alternative than Camden Market. The 20-acre portfolio is a countercultural jumble of street food, antiques, spiritual paraphernalia and flea market junk, and could be priced at £1.5B, React News said.
A sale of the complex of six markets as well as offices and residential assets spread across a large canalside area in north London was last mooted in 2019.
Sagi’s LabTech business acquired the site in a series of deals including the £40M purchase of the Stables Market in 2014 and a separate deal with Brockton Capital in 2014, priced at £70M. Brockton had bought its interest from the original 1970s founders of the market.
Combined with other purchases the Camden markets formed the core of listed company Market Tech Holdings with a property portfolio valued at £1.1B by 2017.
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