Sagi began buying into the 16 acre estate in 2014 when he bought Stables Market, which includes a number of crafts, fashion and food stalls, for £400 million.
Financial adviser Rothschild & Co has been appointed by Sagi and a discreet sales process has kicked off, with a handful of prospective bidders contacted in the past week, say two people with knowledge of the deal. Sagi is hoping to bank about £1.5billion for one of London’s busiest tourist destinations, although he has not put down a firm price, according to these people.
The 16-acre estate includes a trio of markets — Stables Market, Camden Lock Market and Buck Street Market — as well as new housing and co-working offices.
Sagi, the founder of gambling software company Playtech, first bought into Camden, which attracts almost 30mn visitors a year, in 2014.
