Billionaire Teddy Sagi, the owner of Camden Market, is leaving Israel to London in the next few weeks. Sagi is taking the step, due to significantly expanded his property purchases. He currently holds UK real estate and e-commerce activities totaling around £4.5 billion, Calcalist reports.
Sagi has invested hundreds of millions of pounds in development of Camden Market. In addition, his group owns dozens of major properties in the Holborn area of central London.
In recent years, Sagi has divided his time between Israel and London, and the expansion of activity in London requires a more significant presence in the British capital.
The founder of Playtech and SafeCharge International has also expanded his investments in Israeli companies. His investments including co-working spaces and technology startups LABS on the upper floors of Azrieli Sharona; Entered into a partnership with Alltrade that deals with electronic waste recycling and IT equipment.
He has acquired LAYAM from Skall Group, which includes the duty-free operations in Ben Gurion Airport and the Israeli ports. He acquired the mobile advertising company Mobfox and invested in a number of startups like Activio, Arbitripe, SmartGreen and more.