Since 2014, Israeli billionaire Teddy Sagi, who accrued his fortune in the online gambling and pornography industries, has been buying up loads of property in the Camden Market area in London.
Now, his company Market Tech, which combines real estate assets with an e-commerce business, is opening up 84,000 sq ft of space in Camden for entrepreneurs and creatives.
Dubbed Interchange, the venture will be managed by Vanessa Butz, who previously headed 'special projects' over at Factory Berlin and thus has some experience with large co-working spaces.
According to a press release, Interchange will "offer a range of support and facilities such as an on-site gym, restaurant, bar and event spaces, and importantly will also provide access to affiliate investors and industry specialists". Also check the FAQ section for more info (and, perhaps, the price plans).
Coincidentally, the Financial Times last week ran a long article on Camden's newfound appeal to emerging businesses. To wit, Camden Market boasts over 28 million visitors per year and is London’s third-largest business district after the City and Westminster. Butz comments:
“We have been inspired by the history of the market as a key ‘Interchange’ of commerce and trade and we’re now supporting the future of business in Camden. The area has a strong community of creatives, artists and designers, which is another reason why it’s a perfect location for new companies.”
Two primary Interchange locations (out of three in total) are actually based in Camden Markets and will open from the beginning of October 2015. A further site, Utopia, situated nearby in Primrose Hill, is available already and is geared more towards 'scale-ups' who require larger office space.
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