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Commencement of Redevelopment

29th Jan 2015 07:00

RNS Number : 4316D
Market Tech Holdings Limited
29 January 2015
 

Market Tech Holdings Limited

 

("Market Tech", "the Company" or "the Group")

 

Commencement of Redevelopment

 

Market Tech Holdings Limited (MKT: AIM), the holding company that combines iconic real estate assets with an e-commerce business and owns and manages the main Camden Markets in Central London, announces that work has commenced on the redevelopment of the landmark Hawley Wharf site.

 

As per the detailed planning permission granted in January 2013 Market Tech is committed to transforming the area into the 530,000 square foot mixed use Hawley Wharf Development. Central to the development is the construction of a new state-of-the-art nursery, infant and junior school, expected to be delivered for the academic year starting September 2016. The proposals will also deliver 170 homes, a new market and retail destination including a new local cinema and high quality public spaces.

 

Current operations continue to be in line with the plans outlined in the admission document issued 22 December 2014.

Charles Butler, Chief Executive Officer, said:

"I'm delighted to report commencement of work at the landmark Hawley Wharf site which is the first step in our strategy to create an iconic retail, leisure and entertainment destination."

 

- Ends -

 

Enquiries

 

Market Tech

Charles Butler, Chief Executive Officer

Andrew Bull, Chief Financial Officer

c/o Bell Pottinger

 

+44 (0) 20 3772 2500

Jefferies - Nomad and Joint Broker

Sara Hale

Alex Collins

 

+44 (0) 20 7029 8000

Shore Capital - Joint Broker

Dru Danford

Toby Gibbs

 

+44 (0) 20 7408 4090

Bell Pottinger

David Rydell

Olly Scott

David Bass

James Newman

+44 (0) 20 3772 2500

 

About Market Tech

Market Tech combines the iconic Camden Market real estate assets with an e-commerce business operated through an online platform called market.com. Its real estate assets business is focused on retail, leisure and entertainment. The Company owns approximately 11 acres of real estate assets in Camden, including markets located in Camden Town, Hawley Wharf (also known as Camden Lock Village), Union Street Market (also known as Buck St Market or Camden Market) and Camden Lock Market. The Company also owns separate real estate assets on Camden High Street, Jamestown Road and Kentish Town Road.

www.market-tech.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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