Member Article

Camden Market owner expands portfolio with King's Cross acquisition

Marketing Tech Holdings, the holding company that owns the main Camden Markets, has announced it is to acquire a property at 101 Camley Street, King’s Cross.

The company, which owns over 15 acres of real estate in the capital, has agreed to purchase the 22,650 sq ft building for £36.7m using its existing cash resources.

Located in the London Borough of Camden, the building sits adjacent to the King’s Cross Central redevelopment area with planning permission in place for commercial space, along with 91 private new homes and 30 affordable apartments.

Market Tech Chief Executive Officer, Charles Butler, commented: “With 101 Camley Street we are securing an outstanding location further along the Regent’s Canal from our Hawley Wharf development, taking us into the King’s Cross ‘tech belt’, at a very attractive price.

“The property enables us to expand our co-working and flexible office operations as well as delivering a strong, long term rental growth opportunity for the Group.”