Search

Luxury complex in heart of Islington to provide acre of green space on roofs

PUBLISHED: 12:46 04 June 2014

CGI images of Islington Square

CGI images of Islington Square

Archant

A massive £370million development providing nearly 43,000 square feet of green space across rooftops in the heart of Islington is a step closer to being built.

Work may soon start on the Islington Square project, a luxury complex of 356 homes alongside shops, cafés, restaurants, offices, a health club and a cinema, after Sager Group secured the last parcel of Royal Mail’s land – the former North London Sorting Centre off Almeida Street.

Sager bought the North London Mail Centre for £30m in 2003 and now has 500,000 sq ft to work with as the sorting office is set to move to Eagle Wharf Road.

As well as the substantial amount of green space, the developer has promised to supply 94 affordable homes – just over 26 per cent of apartments at the complex – which was granted planning permission in November.

Giris Rabinovitch, managing director for Sager, said: “This transaction marks a major milestone in the development of Islington Square, which will become a landmark retail and leisure destination and a welcome addition to this thriving area.

“It has been more than a decade since acquiring the original site and we are delighted we have succeeded in bringing this project to life.”

Excited

The land, which is situated just to the west of Upper Street, had been occupied by the Royal Mail since 1904, prior to being purchased by Sager.

Mr Rabinovitch said he was excited about opening the area up to the public for the first time in over a hundred years.

“We’re going to be providing a massive amount of green space in an area that doesn’t have much, as well as opening up a part of Islington that hasn’t been available for a century,” he said.

“People will also see that we don’t build down on our affordable housing, all of the units are the same quality as the private rented flats – although they might have a slightly different kitchen.”

Planning permission for both the land bought in 2003 and the newly purchased area has already been granted by Islington Council, subject to conditions.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Islington Gazette visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Islington Gazette staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Islington Gazette account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Islington News Stories

Yesterday, 18:59

Chapel Market traders were today fearful for the future of the Islington institution following the announced closure of its century-old pie and mash shop Manze’s.

Yesterday, 18:06

Transport police want to speak to this man over a sexual assault at Finsbury Park station during the morning rush hour.

Yesterday, 17:43

Arsenal ranks as one of the Premier League’s worst clubs for season ticket affordability, according to research.

Yesterday, 16:17

A racing driver with kids at Laycock Primary School is using his experience on the road to pass safety tips to students.

Yesterday, 10:38

The town hall has taken a step towards reopening an investigation into the child abuse scandal that still blackens Islington’s name – thanks to evidence uncovered by the Gazette.

Wed, 20:42

Islington South and Finsbury MP Emily Thornberry tonight joined the hundreds of people bemoaning the closure of M. Manze, saying: “It’s part of what Islington represents.”

Wed, 16:58

Chapel Market institution M. Manze is to shut after 106 years in Islington.

Wed, 14:58

Furious five-a-side players have served Islington Council with a legal notice over the decision to replace their pitches at the Sobell Leisure Centre with a trampoline park.

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read

Show Job Lists

Digital Edition

cover

Enjoy the
Islington Gazette
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now