Contract Announcement

Market Tech Holdings Limited

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

Market Tech announces three key contracts for Camden Markets

Market Tech, 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, today announced three significant contractual appointments as progress on the Camden Markets moves forward apace.

Mace, a leading independently owned international consultancy and construction company with considerable experience in the capital including constructing The Shard, has been selected to oversee the redevelopment of Camden Lock Village (also known as Hawley Wharf). The contract will see the delivery of over 170 new private and affordable homes, retail and market spaces, around 9,175 sq m of employment space and high quality public realm.

Market Tech have also announced that specialist contractor McLaughlin & Harvey will build the infant and junior primary school and nursery as part of the Camden Lock Village development. The school will be the first part of the scheme to be delivered and is expected to open at the start of the academic year in September 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."

Charles Butler, CEO of Market Tech said today:

"This is another milestone for Market Tech in delivering Camden Lock Village. Camden Lock Village is a truly unique development and will become a landmark destination."

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. We have a strong track record for the delivery of cultural projects in London including the British Museum's World Conservation and Exhibition Centre, the Tate Modern and the London Eye. 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."

At the same time as announcing the contractors for Camden Lock Village, Market Tech have also announced the appointment of Piercy&Company as the architects to take forward a planning application for Camden Lock Market. Acquired in the autumn of 2014, the iconic Camden Lock Market comprises a mix of market stalls, shops and restaurants, and is known for its quality retailers.

Stuart Piercy said today:

"We are extremely proud to be involved with the evolution of Camden Lock Market. As a practice based in Camden we are passionate about both the rich heritage and contemporary culture the markets bring to London."

Notes to Editors

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

About Mace

Mace is an international consultancy and construction company employing over 4,200 people, across five continents with a turnover in excess of £1.18bn. Mace's business is programme and project management, cost consultancy, construction delivery and facilities management and is truly multi-disciplinary with services spanning the entire property and infrastructure lifecycle. Mace has three strategic sectors serving clients in the private, public and infrastructure sectors and five strategic hubs in Europe, Middle East & North Africa, the Americas, Asia Pacific and Sub-Sahara Africa that service over 70 countries. 

www.macegroup.com media - Shirin Iqbal [email protected] or +44 (0)7881 091 396

About McLaughlin & Harvey

For over 160 years McLaughlin & Harvey Building and Civil Engineering Contractors has combined traditional values and experience, with an advanced innovative approach. The company operates throughout the United Kingdom and Ireland, delivering quality construction projects and achieving excellence. The company's reputation is a product of this success. McLaughlin & Harvey operates in various sectors including healthcare, education, industrial, retail, sporting venues, transport infrastructure, marine and rivers, energy, commercial, and leisure. The company has a strong commitment to delivering quality cost effective solutions for clients within a safe, considerate working environment. The principles of the Considerate Constructors Scheme are applied on all sites.

www.mclh.co.uk media - Gary Bell [email protected]&H Tel: 02890342777

About Piercy&Company

Piercy&Company has carved a reputation for carefully crafted contemporary projects in sensitive historic environments. Influenced by the British Arts & Crafts tradition, Piercy&Company's buildings have a strong sense of materiality linked to the local, with each project shaped by a rigorous investigation of the particularities of people and place. At the heart of the studio's ethos is the concept of 'designing through making'. A digital fabrication centre and the studio's own workshops provide a testing ground for new ideas, while collaborative relationships with artists and makers continually invigorate the studio. Listed in the Observer Hotlist and AJ 40 Under 40, Piercy&Company has been the recipient of RIBA Awards, Architect of the Year Awards, the MIPIM Future Projects Sustainability Award and was nominated for both the Stephen Lawrence Prize and Manser Medal.

www.piercyandco.com media - Sarah Rutt, [email protected] or Ayeshah Zolghadr, [email protected]

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