Camden Lock Market has been sold to Stanley Sidings Ltd in a deal believed to be worth tens of millions of pounds 

Published: 10 October, 2014
by DAN CARRIER

THE owners of Camden Town’s Stables and Hawley Wharf markets have announced today (Friday) they have sealed a multi-million-pound deal to buy the Lock Market.

Stanley Sidings Ltd now owns all four premier markets sites in Camden Town, having bought the Buck Street market two weeks ago.

Israeli billionaire Teddy Sagi, who owns the company, has a property portfolio estimated to be worth over £2billion and owns hotels, homes and offices across both the UK and Germany. He finalised the Lock Market deal today. The sale price has not been revealed, but it is believed to run into tens of millions of pounds.

Camden Lock Market was owned for four decades by the Fulford family, and Will Fulford, the son of Bill Fulford who established the canalside market in the 1970s, will remain in place overseeing a redevelopment programme that has yet to be given planning permission.

Announcing the deal, Stanley Sidings stressed that all current staff at the market would have their jobs safeguarded, and stallholders were informed of the change of ownership this afternoon.

Stanley Sidings property director Mark Alper said: “We are not just gaining an iconic market, but a world-renowned brand and great traders, retailers and management team.

“Our aim now is to look at long-term regeneration of the markets whilst taking an holistic approach to Camden Town as a whole. We intend to continue the current planning process for Camden Lock Market as part of our long-term plans and extensive investment in the town centre.”

A spokesperson for investment firm Brockton Captial, who bought the Lock Market form the Fulford family three years ago, said: “Over the last three years we have greatly improved the appearance, operation, management and food and beverage offer at Camden Lock Market, resulting in a market which appeals to local people and visitors alike.

“We are pleased to be passing on the market to our neighbours, so that they can take forward a genuinely holistic approach to Camden Lock, Hawley Wharf and Stables Markets and we are delighted that they will take on the highly regarded management team as well.”