A PropTech company founded by Israeli billionaire and Camden Market owner Teddy Sagi has launched its latest co-working space in London.

Southampton Place is LabTech's second property in Holborn and is part of the company’s £3 billion property portfolio, boasting over 2 million sq ft of space in central London.

The launch marks the second stage in creating an 'Urban Community' campus in Holborn, metres away from Hogarth House, which launched only months ago, and LABS House, which is due to open in September.

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"LabTech is a company with a range of capabilities: no-one else is purchasing the buildings outright, then creating the technology to bring these spaces to life," said LabTech chief executive Chen Moravsky.

"We are building a new kind of ecosystem through campuses of properties that offer everything communities need to work and live, complimented by great retail and entertainment."

14-15 Southampton Place consists of 7,900 sq ft of space housed in a Georgian Grade II-listed terraced building in the Bloomsbury area of Holborn.

LabTech says its far-reaching network is underpinned by technology that helps "nurture, support and entertain" its members.

The company offers them in-house tech teams with 24/7 support, management software that provides them with business insights and personalised social event platforms.

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Moravsky added: "LabTech is unique in owning all of its properties and infrastructure so there is a level of autonomy in how we deliver exactly what our communities need.  

"The pioneering technology we have built is also being utilised by other large companies across the UK."

LabTech owner Teddy Sagi is known as a visionary entrepreneur who owns property across London, including Camden Market and Holborn’s Sicilian Avenue. He brings his tech expertise and considerable resources to the company.

Earlier this year LabTech announced plans to expand its presence to Kings Cross, featuring a mixture of living and working properties due to launch in 2019.