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Market Tech secures Camden assets

The Interchange Camden

Teddy Sagi’s Market Tech Holdings has exchanged contracts to buy the 65,000 sq ft Interchange building, N1, and 50,000 sq ft Camden Wharf for £95m.

The group has also secured the entire freehold of Camden Lock Market, and a new £125m loan facility.

Interchange, which is let to Associated Press, was bought for £49m from the Canal and River Trust, formerly British Waterways Board, representing a 4.5% yield.

Camden Wharf is multi-let to firms including CBS Outdoor and Whitbread, and was sold for £50m by Tesco Pension Fund, representing a 4% yield.

alex.horne@estatesgazette.com

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