Teddy Sagi’s Spending Spree Continues With Camden Stables Market Purchase
The spending spree of Playtech’s Teddy Sagi continues. In the last few weeks he has sold 15.4% of his stake in Playtech for a sizable £326m. Another major project was his recent intention to float SafeCharge of which he is a 90% owner. They are solution providers who specialize in Forex and online gambling sites.
His latest venture involves his purchase of a 50% share of London’s Camden Stables Market. The deal is reportedly worth over £400m. Sagi purchased the property from Israeli Tycoon Bebo Kobo. The deal includes the Hawley Wharf which is zoned for 170 homes including an arthouse cinema and a school.
Sagi expressed his delight at the deal as the Camden Stables Market goes back to the 19th Century and its stalls attract 40 million visitors a year. Sagi was full of praise for Kobo and said, “Kobo invested heavily in developing the project over the years, and turned the area into one of London and the world’s premier tourism and entertainment venues. He spent years in finding and choosing the right buyer. I thank him for choosing me to continue this important project. We believe that Camden Stables Market has huge tourism and business potential.”