Brockton Capital Backs Camden Lock Market Purchase, FT Reports

The founders of Camden Lock Market and retail developer Milligan bought the 1-acre north London market site for 30 million pounds ($46 million) to 40 million pounds, the Financial Times reported.

The Urban Market Company vehicle is being financed by Brockton Capital and plans to buy and develop other street markets around the U.K., the newspaper said. Camden Lock, founded 40 years ago, has a backlog of tenants waiting to take up space, the FT said.

To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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