Member Article

Angel Central builds momentum after strong results in 2023

CBRE Investment Management has announced that Islington destination, Angel Central, finished 2023 on a high, reporting a sales increase of 16% compared with 2022. The destination also had an increase in footfall of 6.4% compared to the national average of 2.9%*, and transactions rose by 4%. 

The success comes as OFFICE, the fashion footwear specialist, recently announced the opening of its prominent 1,969 sq ft unit at the Upper Street entrance to Angel Central. The new space stocks a range of innovative shoe collections for style-conscious consumers, including brands such as Dr Martens, Nike, UGG, and adidas, as well as a selection of accessories. 

Angel Central also introduced a refurbished store for long-standing tenant Accessorize, sitting adjacent to OFFICE. The new space was redesigned to enhance the customer journey with improved light fixtures and signage, creating a more inviting and appealing atmosphere. 

Earlier in the year, Maven Leisure Ltd opened Northwood at the destination, marking Angel’s first purpose-built sports pub and kitchen. Northwood covers 3,600 sq ft on Angel Central’s first floor. 

OFFICE and Accessorize are welcome additions to the scheme’s retail line-up, including anchor brands UNIQLO and H&M, alongside MUJI and Rituals.

Louisa Butters, Head of Retail Asset Management UK at CBRE Investment Management, said: “Angel Central continues to create opportunities for brands to thrive within Islington, with a strong community at its core and a quality offer of retail, F&B, and leisure. In 2023 the destination continued to flourish with new additions such as OFFICE, which carries a seamless and established omnichannel experience, an aspect we always strive to integrate into our scheme to make it as accessible and appealing for visitors as possible. Alongside Accessorize, these openings have meant that we have started 2024 in a strong position, with more to come to help Angel Central thrive.”

A spokesperson from OFFICE, commented on the opening: “Our London stores have always performed well within our portfolio, and it’s exciting to add Angel Central to the mix. It is a high-performing destination with a real community feel, delivering us with a prominent unit in a high footfall area. We are excited to showcase our collections of footwear to Islington and embedding ourselves within the destination.”

CBRE acted on behalf of OFFICE and CBRE and Colliers act for Angel Central.

This was posted in Bdaily's Members' News section by Nick Thornton .