| Item | H1 2016 result (£m) | % rise |
|---|---|---|
| Adjusted EBITDA | 13.2 | 24.5 |
| Portfolio value | 1.1bn | 8.4 |
| EPRA NAV | 771.6 | 6.4 |
| Total revenue | 71 | 14.1 |
Market Tech has posted a 24.5% rise in its adjusted EBITDA to £13.2m in its half-year results.
The company, which owns, manages and is developing a 16-acre estate around Camden Market, NW1, saw its portfolio valuation grow by 8.4% to £1.1bn.
EPRA NAV was up by 6.4% to £771.6m and total revenue rose by 14.1% to £71m.
Charles Butler, chief executive of Market Tech, said: “Our asset management initiatives and strategy to improve the appeal of the wider estate are working.
“This strong performance also underlines the resilience and ongoing appeal of our Camden estate, in spite of a marked increase in political and economic uncertainty.”
The company said it continued to see strong footfall and was expecting a rise in tenant demand as it completes the refurbishment of the Stables Market.
Earlier this week, shoe retailer Dr Martens signed a 10-year lease for its European head office in Camden, and is planning a flagship store in the area.
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