CBRE invests 8 million pounds in Angel Central

CBRE Global Investors are investing 8 million pounds as part of a comprehensive refurbishment and phased development within Angel Central, Islington in London.

The 170,000 square foot Angel Central is anchored by H&M and has a retail line up that includes Gap, French Connection, Monsoon, and Oasis. It has an annual footfall of 10 million visitors annually and last year was ranked in the top 10 of London Retail Destinations by the CACI Retail Footprint.

CBRE has submitted plans for phase one of the improvements, which are set to commence in January 2018, which will include a new link bridge at the Liverpool Road entrance, spanning the width of the scheme to create a circular connected experience at first floor. In addition, there will be a new lighting scheme, cladding and upgraded flooring, throughout the scheme, to enhance the overall environment and experience for visitors. Work is due to be completed in early 2019.

This announcement comes as CBRE Global Investors acquire 19 Upper Street for 4.5 million pounds as part of future plans to create a new gateway into the Angel Central scheme, which is to include a rooftop restaurant.

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 Real Estate, which will be delivering the planned work, 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.”

Image: CGI of the vision for Angel central, courtesy of CBRE