An Israeli billionaire has purchased London’s Camden Stables Market, a popular tourist destination, for over $665 million.
Online gambling magnate Teddy Sagi, who is worth an estimated $2.5 billion according to Forbes, owns 100 percent of the market’s shares after 18 months of negotiations.
Camden Market, also known as Camden Lock, is one of the most visited sites in London. The Camden Market is housed within horse stables built during the 19th century, and attracts some 40 million visitors every year.
“We see in Camden Market incredible touristic and business potential,” Sagi told Haaretz. “Our vision is to realize the potential with the help of new technology to provide an advanced experience for residents, shop owners and visitors.”
The deal reportedly includes the adjacent development site, Hawley Warf, a planned 170 homes, a cinema and a school.