In 2016, Urban Markets Company acquired Camden Lock and paid between £300m and £400m for the one-acre site. The joint venture between the founders of Camden Lock and Millitarne Retail Resorts International, the retail developers, was financed by Brockton Capital, a real estate private equity fund. Camden Lock Market is set to have a £20 million makeover to transform it into a traditional arts and craft centre for Londoners. The Urban Market Company plans to double the enclosed area and increase trading space by 15,000 square feet.