logo-loader

Camden Lock Market landlord says its business as usual at London site after huge blaze

Published: 08:18 10 Jul 2017 EDT

Camden Lock Market
Camden Lock Market is a popular London tourist attraction

A major shareholder in Camden Lock Market said today it was business as usual at the popular London tourist attraction after a fire broke out at the site.  

The shareholder, Market Tech Holdings Ltd (LON:MKT), said only a small section of the site would be closed to the public. The rest of the market, including the Stables Market and Union Street, will be open to visitors.

Market Tech is working closely with the emergency services to investigate the cause of the fire that tore through a building adjacent to the market hall area of Camden Lock. Seventy firefighter and 10 fire engines were sent to the site, the London Fire Brigade said.

The blaze was brought under control by 2.50am and no one was injured during the incident. About 30% of the first, second and third floors, and a third of the roof of the building, was reportedly damaged.

The incident happened ahead of Market Tech’s delisting from London’s main market tomorrow after its takeover by LabTech Investments becomes wholly unconditional.

LabTech Investments - owned by Playtech founder and Israeli billionaire, Teddy Sagi – already holds a majority stake of 71% in Market Tech.

It will buy the shares it does not already own for 188p, valuing the firm at £891.5mln. The deal, announced on 12 June, represented a 30% premium to Market Tech’s closing price the day before the offer. 

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

22 minutes ago