Camden market owner Market Tech Holdings has bought the freehold of 101 Camley Street, N1, in King’s Cross, for £36.7m.
The site has detailed planning consent for a 22,650 sq ft mixed-use development including 91 private homes, 30 affordable homes and shared flats.
The deal is expected to complete when the existing tenant vacates the site, which it has agreed to do by 1 November 2016.
Marker Tech chief executive officer Charles Butler said: “With 101 Camley Street we are securing an outstanding location further along the Regent’s Canal from our Hawley Wharf development, taking us into the King’s Cross “tech belt”, at a very attractive price.”
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