Camden Market will get a new food market, a primary school, new offices and housing after it's floated on the stock market, the company which owns the site says.
Market Tech Holdings (MTH) hopes to raise £100m from investors through the Alternative Investment Market (AIM) later this month. The company — which is worth £750m — says it will invest the cash in the 11-acre site, developing the Camden Lock Village area along Regents Canal to the east of Chalk Farm Road. It will also develop its market.com e-commerce business, which sells clothes, accessories and bags for £5.
The aim is to attract “young fashion upstarts, music, creativity and people who make things” to the area, Charles Butler, CEO of MTH told the Financial Times.
The company is backed by Israeli billionaire Teddy Sagi, who founded online gambling software company Playtech. He spent £500m buying Camden Lock and the Stables Market, bringing them together under one owner for the first time.