5th Aug 2015 07:00
Market Tech Holdings Limited
("Market Tech" or the "Company")
Development Update
Market Tech (AIM: MKT), the holding company that combines 14 acres of London real estate assets, including the iconic main Camden Markets, with a technology and e-commerce business, announces that it has obtained planning permission for Site E, 39-45 Kentish Town Road NW1 4NX.
Site E is included as part of the Hawley Wharf development. The Company has obtained detailed planning permission for a six storey building comprising 24 new canal-side residential units, with employment space on both the ground and basement floors around a central light well. Site E is adjacent to the main Hawley Wharf site, and is expected to be developed at the same time as the main site.
Commenting on today's update, Mark Alper, Group Property Director said, "Hawley Wharf is an iconic mixed-use scheme. Achieving planning permission for the last piece of the jigsaw on this site means that we are now able to deliver the Hawley Wharf masterplan in its entirety for Camden Town. With the redevelopment programme already underway, this is an important step in the continued progress of the site.
"The planning committee's unanimous vote in favour of the plans not only demonstrates support from the wider community, but also Camden Council's confidence in Market Tech as a developer and in its vision to create a world class living, working, market retail and leisure destination."
For further information:
Market Tech Charles Butler, Chief Executive Officer Andrew Bull, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 3772 2496 |
Shore Capital - Nomad and Joint Broker Dru Danford Toby Gibbs
| +44 (0) 20 7408 4090 |
Canaccord Genuity - Joint Broker Bruce Garrow Chris Connors Mark Whitmore | +44 (0) 20 7523 8000 |
Bell Pottinger David Rydell Olly Scott David Bass James Newman Anna Legge |
+44 (0) 20 3772 2496 |
About Market Tech
Market Tech combines the iconic Camden Market real estate assets with an e-commerce business operated through online platforms camdenmarket.com and market.com. Its real estate assets business is focused on retail, leisure and entertainment. The Company owns approximately 14 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (also known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road and Utopia Village in Primrose Hill.
In recent months the Company has acquired two e-commerce businesses, enhancing its online platform. These strategic acquisitions have included Stucco Media, an e-commerce marketing platform; and Glispa, a Berlin-based mobile marketing business.
www.market-tech.com
Related Shares:
MKT.L