Teddy Sagi, the Israeli billionaire owner of London’s historic Camden Market, put the market up for sale.
The market is expected to find buyers for around £1.5 billion.
The sale is under the supervision of investment bank Rothschild & Co.
The market, which is approximately 65 thousand square meters in size, has more than a thousand shops, bars, shops and cafes.
Camden Market is one of the most touristic addresses in London.
The market, which is synonymous with punk and hippie culture, is known for its independent shops selling fresh produce and artwork.
The land on which Camden Market is located was bought in 1972 by two childhood friends when it was a rubbish lumber yard.
The market, which is visited by 28 million people a year today, is expected to be tough for sales.
Last week, a number of potential buyers contacted Teddy Sagi, who has owned the market for eight years, the Financial Times reported.
Sagi, the founder of an online gambling site, is said to be hoping to make £1.5bn from the sale.
Since Sagi’s purchase of Camden Market in 2014, many independent shops in the market have been shuttered, leaving their place to well-known or chain stores.
Teddy Sagi put Camden Market on sale in 2019, but the sale was suspended due to the coronavirus outbreak.