It has been confirmed by Teddy Sagi’s property development firm Market Tech, that Mace will be responsible for the £120m redevelopment of Camden Lock Village.

 

Founder of software company Playtech has spent the last 12 months buying large chunks of the London property market with aims to capitalise of London's booming property market.

 

The development will create 170 new private and affordable homes whilst creating retail and market spaces and around 9,175 sq m of employment space and high quality public space.


A new infant, junior and nursery development will be constructed as part of the Camden Lock Village development by McLaughlin & Harvey. The school will be the first place in Camden hard hats will be seen on the ground and will be delivered ready to be opened at the start of the academic year in 2016.


Mark Alper, UK Group Property Director for Market Tech said today: “We are delighted to have appointed two very experienced, high quality contractors to deliver Camden Lock Village.


“It is an exciting time for us to start seeing the delivery of our vision – a new school for the community, much needed homes, new shops and of course some market space, alongside significant improvements to the canalside.


“Both Mace and McLaughlin & Harvey recognise the importance of this project to us, to the local communities and to Camden. We will all seek to deliver this project to a high standard.”


Chief Operating Officer for Construction at Mace, Gareth Lewis, said: “This is a fantastic win for Mace to rejuvenate one of London’s favourite visitor destinations and deliver an iconic project for the capital.


“Mace was based in Camden for much of the past 25 years and we have great affection for and knowledge of the area.


“We’re therefore delighted to have this opportunity to bring our residential expertise and focus on innovation and high-class delivery to the benefit of the local communities.”


Piercy & Company have also been appointed by Market Tech to progress the planning application for Camden Lock Market.