CBRE GLOBAL INVESTORS ANNOUNCES £8 MILLION INVESTMENT FOR ANGEL CENTRAL, LONDON
Monday 25th September 2017
CBRE Global Investors has confirmed an investment of nearly £8million as part of a comprehensive refurbishment and phased development within Angel Central, Islington.
Planning has been submitted for phase one of the Angel Central improvements, which are set to commence in January 2018. Central to these plans is a stunning new link bridge, at the Liverpool Road entrance, spanning the width of the scheme to create a circular connected experience at first floor. Three new restaurants with vibrant new alfresco space are being introduced to complement the existing leisure offer, anchored by Vue and the O2 Academy, and to create an exciting and diverse dining line up. Furthermore, detail has been paid to a new lighting scheme, cladding and upgraded flooring, throughout the scheme, to enhance the overall environment and experience for visitors. The works are due to be completed in early 2019.
CBRE Global Investors have acquired 19 Upper Street for £4.5million as part of future plans to create a new gateway into the Angel Central scheme, which is to include a rooftop restaurant.
Queensberry, the Development Managers for Angel Central are appointed to deliver the vision, created by architects Haskoll, on behalf of CBRE Global Investors. The environmental works are part of a wider vision to re-position and revitalise Angel Central as one of the most exciting retail and leisure destinations in North London.
Commenting on the investment in Angel Central, 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 leading retail and leisure destinations in North London. The refurbishment and 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 the O2 Academy.”
Stuart Harris, Commercial Director and Co-Founder at Queensberry, added:
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, in close proximity to the underground station. The investment planned is part of a wider re-positioning to revitalise Angel Central as one of the most exciting retail and leisure destinations in North London.”
This news follows the recent opening of James Cochrans' 2,111 sq ft restaurant, which launched on Upper Street in the summer.
The 170,000 sq ft Angel Central benefits from an annual footfall of 10 million visitors and is ranked in the top 10 of London Retail Destinations*. Anchored by H&M, Angel Central’s retail line up includes Gap, French Connection, Rituals, Monsoon and Oasis, with the latter recently completing a significant refurbishment. In addition, Vue’s ten-screen cinema and the O2 Academy lead the leisure offer, which is complemented by a range of restaurants, such as Gourmet Burger Kitchen and Wagamama.
CBRE, CWM and BNP Paribas Real Estate act jointly for Angel Central.