x
By using this website, you agree to our use of cookies to enhance your experience.

Sager Group and Cain Hoy have announced a joint venture to develop Islington Square, a 4.5 acre mixed-use regeneration and development scheme in the heart of Islington, North London.
 
Originally established in 1904 as the North London Mail Centre, the Islington Square site development will consist of a 500,000 square foot mixed-use shopping, leisure and residential district in one of the capital’s most up and coming areas.
 
Giris Rabinovitch, CEO of Sager, said of the joint project: “Sager is delighted to have joined with Cain Hoy as its partner to create this landmark destination. Sager acquired the original site more than a decade ago – we are delighted that our vision will now become a reality and are pleased to be Cain Hoy’s first investment in London.”
 
The size and scale of the new development will offer leading retailers, for the first time, the chance to procure modern regular shaped units in Islington of the scale that most require. Furthermore, it will create residential apartments, serviced apartments, leisure and restaurant outlets. 
 
Islington Square’s architecture will keep many of the important heritage features of the original Post Office site, designed around the concept of arcades, as well as remaining sympathetic to the local architecture.
 
Planning permission for the scheme has been granted, and work has already commenced on the site itself. The completion date is scheduled for early 2017.
 
“Islington is a thriving area of London close to Kings Cross, the City and Tech City,” Jonathan Goldstein, Cain Hoy’s Head of European Investments, added. “We look forward to working with our partner, Sager, to bring this iconic development to life.”
 
Letting agents for the retail and leisure outlets are Cushman & Wakefield, Orme Retail and Shelly Sandzer, whilst Savills, Fraser and Co and Beauchamp Estates have been instructed on the residential space.
 

Comments

MovePal MovePal MovePal