DLA Piper has advised Market Tech Holdings on its acquisition of 101 Camley Street, which is located in the London Borough of Camden adjacent to the rapidly changing King’s Cross Central redevelopment area, for a total cash consideration of circa £36.7 million. Market Tech Holdings owns 15 acres of iconic London real estate assets, including the main Camden Markets, with digital capabilities to deliver commercial, residential, living leisure and retail space.

The Camley Street site has detailed planning consent for a mixed use development including 91 private new homes, 30 affordable/shared ownership apartments and 22,650 sq. ft. (GIA) of flexible commercial space.  The site also occupies a significant location with frontages onto Camley Street, Granary Street and the Regent’s Canal. 

The DLA Piper team was led by Real Estate partner Paul Jayson, with support from partner Richard Woolich (Tax), associate Gemma Lodge, legal director Dalee Kaur (both Real Estate), and senior associate Jesse Dalton (Tax,  all London).

Market Tech CEO, Charles Butler explained: "With 101 Camley Street, we are securing an outstanding location on Regent's Canal. The property enables us to expand our co-working and flexible office operations as well as delivering a strong, long term rental growth opportunity for the Group." 

Paul Jayson added: "This deal represents a significant acquisition for Market Tech's portfolio into the King's Cross "tech belt" and is in an outstanding location on Regent's Canal. It complements the company's vision for  creating comprehensive living, working, retail and leisure space for this area of London and we are delighted to have worked with them again."