Booming Camden lures Brockton Capital back for £62.5 million dealComments Off on Booming Camden lures Brockton Capital back for £62.5 million deal
Brockton Capital, which sold its stake in Camden Market to Israeli billionaire Teddy Sagi last year, is back in the area after paying Threadneedle £62.5 million for The Centro Buildings near Mornington Crescent.
The Evening Standard understands Brockton’s eagerness for the site was so large that it paid 35% over the asking price set by selling agent Michael Elliott.
The company is banking on office rents almost trebling to around £65 a square foot after reviews with tenants Hugo Boss and French Connection later this year.
The area is benefiting from the overspill of mass regeneration at King’s Cross and investment into Camden property.
This week Sagi’s Market Tech Holdings completed a deal for two canalside sites, its latest buy in a 12-month spree to snap up all of Camden’s main markets.