DLA Piper has advised Market Tech Holdings Limited ("Market Tech"), a holding company that combines real estate assets in Camden and an e-commerce business, on the acquisition of Camden Wharf and the Interchange Building in Camden for £97 million.

Situated on the banks of Regents Canal, with space totaling 115,000 sq ft, the properties are currently let as a mixture of office, retail and leisure units. As part of the deal Market Tech will also acquire the freehold of the iconic Camden Lock market.

Following its £750 million IPO in December that DLA Piper also advised on, this strategic acquisition significantly expands Market Tech's footprint in Camden. Market Tech plans to enhance both buildings, furthering its vision of developing a word class mixed-use destination under one unified ownership.

The DLA Piper team was led by Real Estate partner Paul Jayson along with senior associate Ben Battell and associates Gemma Skeath and Amy Sanders.

Paul said: "These are the first large deals that we have worked on for Market Tech since its highly successful IPO last year. We concluded both deals within two weeks so it was a tight turnaround but we are pleased to have assisted Market Tech in further consolidating its position in Camden."

Charles Butler, Market Tech CEO added "These are highly strategic property acquisitions that extend the footprint of our Camden Market estate and propel our vision to significantly enhance Camden's built environment to create a world class living, working, retail and leisure destination under a single unified ownership. The assets straddle both banks of the Regents Canal and are ideally suited for future enhancement. We are very excited by these acquisitions."