An £8m development is coming to Angel Central, Islington next year
CBRE Global Investors has confirmed an investment of nearly £8m as part of a comprehensive refurbishment and phased development within Angel Central, Islington.
The planning for phase one of the improvements has been submitted; it is set to commence in January 2018. Part of this is a new link bridge at the Liverpool Road entrance, which will span the width of the scheme to create a circular connected experience on the first floor.
The company has also acquired 19 Upper Street for £4.5m as part of future plans to create a new gateway into the Angel Central scheme, which is to include a rooftop eatery.
Laura Wilson-Brown, director at CBRE Global Investors, said: “We are pleased to be able to share our vision for Angel Central.
“Our investment highlights the importance we place on the visitor experience and our desire to grow Angel Central as one of the [biggest] retail and leisure destinations in North London.
“The development will create an attractive, welcoming space for visitors to meet, day or night, whilst also building upon the leisure offers already available, such as the cinema and O2 Academy.”
The development managers for Angel Central - Queensbury - have been appointed to develop this area, created by architects Haskoll.
This news follows the recent opening of James Cochran’s 2,111 sq ft restaurant, which launched on Upper Street in the summer.
Stuart Harris, commercial director and co-founder of Queensbury Real Estate, said: “Islington is a prime part of Central London currently undergoing a great deal of development and Angel Central is in a key location on Upper Street, close to the underground station.”
CBRE, CWM and BNP Paribas Real Estate acted together for Angel Central.
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