CBRE Global Investors has acquired Angel Shopping Centre in London from Warburg-HIH Invest Real Estate.
CBRE Global Investors has acquired Angel Shopping Centre in London from Warburg-HIH Invest Real Estate.
Financial details were not disclosed.
The Angel Shopping Centre (formerly known as N1 Shopping Centre) was opened in 2002. The scheme occupies a 150,000 sq ft (14,000 m2) site including 6,000 m2 of leisure accommodation together with 100 car parking spaces.
The centre is 95% occupied and its 16 retail units are anchored by an H&M and nine-screen Vue Cinema.
Located in the prosperous central London borough of Islington, two miles from the City of London, the centre has excellent transport links situated opposite Angel tube station. It will benefit from the Crossrail project with Farringdon station only one mile away.
The mall is located in the central London borough of Islington, two miles from the City of London. Islington’s population is set to increase by a further 14% over the next 15 years, well ahead of the national average.
Tom Gamble, director of CBRE Global Investors commented: ‘This is an exciting opportunity to acquire a well let scheme in an affluent Zone 1 location. We expect strong occupational demand to enable us to continue to improve the tenant mix over time and to drive future rental growth.’
CBRE advised CBRE Global Investors and Cushman & Wakefield acted for TH Real Estate.