The Israeli-controlled company which owns one of the most visited tourist attractions in London has said only limited damage was caused by a fire which broke out there on Sunday night.

Market Tech, which was founded by Teddy Sagi, the Israeli billionaire who is also the company’s majority shareholder, owns the largest stake in Camden Market, which is visited by over 25 million people a year. The company said it was working with the emergency services to discover the origin of the blaze, with a spokesperson also announcing that “the rest of Camden Lock Market and the wider area... will be fully open and operating and welcoming visitors and customers as usual.”

Mr Sagi is currently in the middle of purchasing the remaining shares in Market Tech, at an agreed price of 188p per share.

This is not the first time the market has been hit by fire – in 2008, the canal market section of the complex was hit by a blaze that saw it closed for over a year while repairs were made.