Teddy Sagi Wins Approval For Camden Lock Market Upgrade

February 15, 2016 | Market Tech Holdings, in which Israeli entrepreneur Teddy Sagi is a majority shareholder, has received permission to start a planned £20 million renovation of Camden Lock Market and other adjacent properties. The planning permission covers a 130,000 sq ft area in and around the site in north London, which will be refurbished to expand the market area and make space for new restaurants, galleries and an auditorium for live entertainment. The plans will also create a new path along the Camden Canal and open up a section currently not available to the public, known as the Dead Dog Basin. The proposal also includes permission for 233 food and artisan stalls in the East and West Yards. Market Tech Holdings, which owns around 15 acres of land in and around Camden, said Camden Council unanimously backed the plans to revamp the site and described it as a “major step” for the company. Work is expected to start this year in time for completion in 2017.