CBRE, the global real estate advisor, has been appointed to provide property management services to the 150,000 sq ft Angel Central Shopping Centre in London.
Angel Central Shopping Centre opened in 2002 and is the prime retailing destination in Islington. It provides a strong retail and leisure offer, 16 units and 60,000 sq ft respectively, to appeal to the densely populated, and affluent, growing local young demographic. Its home to many leading brands including anchor tenants Vue Cinema which has nine screens spanning 42,800 sq ft, and H&M which covers 22,000 sq ft. The Centre also provides 100 car parking spaces despite car ownership in the borough being the second lowest in the UK.
Formerly known as N1 shopping Centre, Angel Central Shopping Centre also benefits from its excellent location in zone one just two miles from the City of London and is seated on the doorstep of Angel tube station. Furthermore, it will profit from the Crossrail project with Farringdon station only one mile away.
CBRE will take full responsibility for the day to day management of the Centre and this appointment increases its UK shopping centre portfolio to more than 50. EMEA wide, CBRE manages over 265 shopping centres, including the recent Mall of Switzerland win, with a total portfolio size of over 6.1 million sq m.
John Prestwich, UK Head of Retail Asset Management at CBRE, commented:
“Islington is one of the capital’s most fashionable places to live and visit. Its rich heritage and upmarket culture means it’s a sought after postcode to be located with an eclectic mix of restaurants, bars, and shops punctuated with traditional 19th century terraces. The local population is set to grow and we look forward to working with the ownership team to ensure Angel Central Shopping Centre continues to attract a plethora of visitors and the best occupiers to reinforce its status as a marquee shopping centre in London and nationwide.”