CBRE Global Investors has confirmed an investment of nearly £8m in the comprehensive refurbishment and redevelopment of Angel Central, Islington. A planning application has been submitted for phase one of the improvements, including a new bridge to improve circulation on the centre’s upper level as well as a new lighting scheme, cladding and upgraded flooring throughout the scheme.
Works are set to commence in January 2018 and complete in early 2019. As part of the refurb three new restaurants with alfresco dining space are being introduced to complement the existing leisure offer, anchored by Vue and the O2 Academy. And to create a new gateway into the Angel Central scheme, CBREGI has bought an adjoining property at 19 Upper Street for £4.5m.
Queensberry Real Estate is development manager for the project and commercial director and co-founder Stuart Harris said: “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.”
CBRE, CWM and BNP Paribas Real Estate are joint agents.