Member Article

Contractor appointed to £120m Camden Market development

Mace is set to oversee the £120m planned redevelopment of Camden Market, which was acquired by Israeli billionaire Teddy Sagi in October last year.

Sagi’s company, Market Tech, has appointed Mace to build 170 private and affordable homes, shops and market pitches, and nearly 100,000 square feet of offices on the historic site.

Building firm McLaughlin & Harvey has also been appointed to build a primary school and nursery.

Sagi, who made his fortune from the gambling industry, has spent the last year investing in the north London property market, having invested hundreds of millions of pound across the area.

Gareth Lewis, Mace’s chief operating officer, said: “This is a fantastic win for Mace to rejuvenate one of London’s favourite visitor destinations and deliver an iconic project for the capital.”

This was posted in Bdaily's Members' News section by Ellen Forster .