Member Article

CBRE Global Investors completes £16m shopping centre refurbishment of Angel Central in London

CBRE Global Investors has today announced the completion of its £16m shopping centre refurbishment of Angel Central, London. The works, designed by international architects Haskoll, have been delivered by RED Construction and development managers Queensberry.

In 2018, CBRE Global Investors were granted planning permission to transform the destination and have since undertaken works to reconfigure the basement car park. This has generated over 20,000 sq ft in bespoke and flagship units for global fashion brand UNIQLO and fitness studio Frame, both having joined the scheme in late 2019, improving the overall retail and leisure offer at Angel Central. The redevelopment has also seen the creation of a pedestrian link bridge and balcony extensions on the first floor, above a fully glazed kiosk within the central plaza, and enhanced lighting, paving, and balustrading. The iconic, 12-tonne ‘Angel Wings’ have been elevated by 3.5 metres at the heart of the scheme, using an innovative process introduced by RED Construction.

With an emphasis on sustainability, Angel Central has recently become one of only three shopping centres in the world, and the second UK asset, to achieve a 2-star rating in the latest Fitwel framework, the world’s leading certification system for optimising building design and operations, to support human health and well-being. Smartscape delivered bespoke landscaped planting, and additional sustainability credentials include an excellent certification by BREEAM, a globally recognised sustainability assessment method for master planning projects, infrastructure, and buildings. Furthermore, new electric car charging points alongside additional bicycle parking have been implemented within the scheme.

“This is a key moment for Angel Central, one of our flagship projects within our EMEA shopping centre portfolio. As a major investor in retail destinations, with approximately €14 billion assets under management in Europe, we firmly believe that physical retail is part of the equation. Angel Central is a perfect example of the investment criteria needed for a successful scheme. Location and relevance are both critical and as this centre is located in the heart of London, providing tailored experiences to our customers who now want to shop, dine, socialise and work-out, Angel Central offers it all. We have also demonstrated our commitment to ESG with the Fitwel award and BREEAM accreditation which was fundamental to the success of this investment,” commented Eric Decouvelaere, EMEA head of retail, CBRE Global Investors.

The completion of works comes at the perfect time for the destination, with the recent reopening of non-essential retail and outdoor dining. The likes of Wagamama, itsu, and Pret are operating with external seating, and anchor retailers H&M and UNIQLO are again open. Holland & Barrett, the leading UK wellness retailer, has also opened a new store at Angel Central; an upsized unit at 21-22 Upper Street. With a continued goal to provide guests with a diverse and community-led offer, Angel Central will target attractive catering options for the brand-new kiosk and planted plaza, alongside a new restaurant unit linking directly to the alfresco dining space.

Commenting on the redevelopment, Graham Sturge, Managing Director of RED Construction, said: “The completion of Angel Central’s redevelopment is a meaningful milestone for RED Construction. Taking into consideration the intricacies of the project, including the elevation of the iconic twelve-tonne wings sculpture, and the challenges of Covid-19, we successfully delivered all works on schedule and meticulously executed the scheme to the notable standard for which we are known.”

James Coulsey, Development Director, Queensberry, added: “It is fantastic to see the development at Angel Central complete. We have managed to transform the centre, introduce some great new occupiers, and create new inviting spaces.”

This was posted in Bdaily's Members' News section by Elizabeth Ellis .