Market Tech Holdings, owner of Camden’s markets, has posted a pretax profit of £10.1m for the six months to the end of September.
The company, which combines a 14-acre estate with digital services, delivered £13.8m in revenue from its property assets, helping drive the net asset value of the company to £770.1m.
The 164.4p per share NAV was up by 11% on the year to the end of March 2015.
Property values rose 15% across the estate to a total of £866.7m. The company also saw a like-for-like uplift of £41.9m on its investment and development portfolio.
Occupancy was 91.8%, with passing rents up by 6.8% to £28.3m and an average rent of £60.80 per sq ft at the end of September.
Over the six months the company acquired £756.1m of new property and has submitted planning applications for a 36,600 sq ft residential and retail development at Hawley Wharf and for an enhancement of the main Camden Lock Market.
The digital side of the business posted revenue of £48.4m over the six months.
