Market Tech hires Berenberg's Bucher to help with Camden Markets development

23rd Jun 2015 15:04

Market Tech Holdings, a London-based real estate and e-commerce business, has appointed Georg Bucher as its new head of corporate development and capital markets.Bucher will join the company immediately and is expected to play a "key role" in the group's mergers and acquisitions strategy, helping with the development of Camden Markets.He previously worked for Berenberg Bank as head of corporate finance and held positions at Deutsche Bank and UBS Investment Banking.Chairman Neil Sachdev said: "I am delighted to welcome Georg who brings strong corporate finance, capital markets and investor experience especially in real estate from his previous roles."As we execute our strategy to reinvigorate Camden Markets and grow the business, I have every confidence in Georg's ability to play a key role in the group's M&A strategy and lead engagement with its financial stakeholders."As part of its strategy to expand its property portfolio, Market Tech last week acquired Hawley Crescent for £31.1m.The site is primarily let to the Open University and includes commercial and residential units close to the group's Camden Markets site.Shares rose 1.32% to 253.8p at 15:07.