Member Article

Camden Market-owner secures planning permission for Hawley Wharf site

Israeli billionaire Teddy Sagi has obtained planning permission for Site E, 39-45 Kentish Town Road NW1 4NX.

Sagi’s firm, Market Tech, the holding company that owns 14 acres of London real estate assets, including the iconic main Camden Markets, has secured detailed planning permission for a six storey building comprising 24 new canal-side residential units as part of the Hawley Wharf development.

The property, known as “Site E” is adjacent to the main Hawley Wharf site, and is expected to be developed at the same time as the main site, which will undergo a regeneration worth £300m.

Commenting on today’s update, Mark Alper, Group Property Director said, “Hawley Wharf is an iconic mixed-use scheme. Achieving planning permission for the last piece of the jigsaw on this site means that we are now able to deliver the Hawley Wharf masterplan in its entirety for Camden Town. With the redevelopment programme already underway, this is an important step in the continued progress of the site.

“The planning committee’s unanimous vote in favour of the plans not only demonstrates support from the wider community, but also Camden Council’s confidence in Market Tech as a developer and in its vision to create a world class living, working, market retail and leisure destination.”

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