Market Tech Holdings has been granted planning permission to develop Camden Lock Market.

The real estate holding company received approval from Camden Council Development Control Committee to develop an area of 130,000 sq ft area that will include indoor and outdoor market retail facilities, cafes, restaurants, a canal-side food hall and a live entertainment venue.

The proposal also includes permission for 233 food and artisan stalls in the East and West Yards.

Mark Alper, Group Property Director at Market Tech Holdings, said: "The unanimous vote demonstrates Camden Council's continuous confidence in Market Tech's strategy for Camden Town and the high quality of submitted schemes.

“Camden Lock Market's planning permission is a major step in Market Tech's growth strategy through development that maximises opportunities and value for the most iconic market within our estate."

The scheme was designed by award-winning architect Stuart Piercy and supported by Historic London which believes the plan is an effective way of upgrading the site and preserving the surrounding area.

Charles Butler, Chief Executive at Market Tech Holdings, said: "I would like to take this opportunity to thank Mark and his team, who have designed a landmark scheme which delivers working, leisure and retail space in line with Market Tech's vision for Camden."