Islington Square is a cornerstone of our equity portfolio.

The £435m joint venture with Sager Group and Investec will deliver a 4.5-acre mixed-use regeneration and development project in the heart of London’s Islington neighbourhood.

The Islington Square site fronts Upper Street and is the former North London Mail Centre that was established in 1904. The development will create a 500,000 sq ft mixed-use shopping, leisure and residential district in London’s N1.

The size of the development will present leading retailers with their first opportunity to secure modern regular shaped units in Islington of the scale that most require. In addition, it will create residential apartments, serviced apartments, and leisure and restaurant outlets. Islington Square’s architecture will retain many of the key heritage features of the original Post Office site, designed around the concept of arcades, sympathetic to the local architecture.

“We have worked in close partnership with Sager to bring this iconic development to life. Being so close to London’s Kings Cross, the City and Tech City, Islington is clearly a thriving community with huge potential.”

Jonathan Goldstein CEO
Site area
4.5 acre (1.82 ha)
Value (GDV)
£435 milion
Under construction