Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Israeli Billionaire Buys Chunk of Counter-Culture London


Camden Market

Israeli billionaire Teddy Sagi has bought a second famous market in London’s Camden Town.

The founder of gaming software business Playtech has agreed to pay the private vendor $35 million for the 0.3-acre London icon, NW1.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

It is Sagi’s second acquisition in Camden following his purchase of the nearby Camden Stables Market from a consortium including Chesfield and restaurant tycoon Richard Caring for $640 million in March.

Plans are being worked up for Camden Market – which is known by local traders as Buck Street Market – for a 17, 000 sq ft canopy which would increase retail space by 49%.

It is currently home to 206 stalls and a separate 4, 000 sq ft office and retail block at 190 Camden High Street.

Camden’s markets, which are synonymous with counter-culture and the emergence of the punk rock scene, are among London’s most popular tourist attractions, averaging around 100, 000 visitors every weekend.

Their tourist pull has helped the north London district become one of the hottest areas in the capital for real estate investors.

Total investor returns in Camden last year stood at 18.5%, compared with a 14.2% return for the rest of London, according to IPD and LEVY Real Estate.

Sagi is ranked 748th in the Forbes Rich List with a fortune of $2.4 billion.

Lewis & Partners and Savills advised the vendor; the buyer was not represented.

Originally published in Estates Gazette.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.