Bringing you live news and features since 2006 

Former Islington Royal Mail centre stamps mark on London property market


Plans for Islington Square London, the transformation of the former North London Mail centre just off Upper Street, Islington into a mixed retail/leisure/retail development, are to be unveiled in a special preview evening on Thursday 3 December 2015. 

The preview precedes a free Festival of Culture at Islington Square between Friday 4 December and Sunday 6 December. 
Developer Sgaer Group is hoping that Islington Square will become a new London ‘destination’ with its combination of restored Edwardian buildings and new-build elements. The scheme, developed in association with Cain Hoy, will provide 263 homes (a mixture of both private and affordable), serviced apartments, new exciting retail outlets, restaurants, and leisure facilities – all centred around a new public boulevard.
In its heyday, the North London Royal Mail sorting and delivery centre had over 3,000 uniformed postal workers on site, in addition to liveried vans, sacks and post from all over the UK and the British Empire. The site not only provided employment but became central to the social lives of its employees in the form of The Refreshment Club which provided a place for employees to eat, drink and play. 
With modernisation, the space requirement shrunk and machinery changed, such that the Royal Mail has now moved from the site and into its new state of the art residences on Eagle Wharf Road, near the Regents Canal. With vacant possession in September 2015, a new chapter for the site has now begun.
Giris Rabinovitch, CEO of Sager Group says: “Islington Square is a once in a lifetime opportunity to create a new destination for London. It sits in the heart of Islington, which is steeped in history and culture. The site, which is the former North London Royal Mail sorting and delivery centre, would have been the apex for all communication in and out of North London.
“The team at Sager Group and our partners are extremely excited about bringing this scheme forward. The 500,000 square foot site will be opened up to the public for the first time, with the new and existing buildings centred around a public boulevard; it will be a place for Londoners to live, work and play.”
Granted planning permission in 2007 and 2012, the mixed use site will be home to a combination of serviced apartments, retail, leisure and residential space. These will be located in the four buildings that make up the new project, including 8 Esther Anne Place – the principal Edwardian building; 11 Esther Anne Place – an entirely new build scheme; 17 Esther Anne Place – with its retained Edwardian facade and new basement and upper floors, and two residential units in the former Mitre Public House. The Edwardian buildings were originally designed by architect Jasper Wager.
Giris Rabinovitch, CEO of Sager Group added, “From Upper Street there will be two arcades leading to the public square, one of which will run through the central arches in the former general post office counter building on Upper Street and the other, next to The Mitre.
“Walking through the retail arcades and into the public square, visitors and residents will be met by the imposing Edwardian facades, which will contain a mixture of retail at ground level and residential units above.”
Islington Square offers considered, design led living spaces, from high ceilings and loft style living in the former sorting office, to striking design-led floor plans in the new-build apartments. A range of one, two and three bedroom apartments will be available, along with penthouses and maisonettes.
All apartments will be finished to a high standard with outstanding internal specifications. All kitchens will include a built in electric oven and hob, extractor hood and integrated dishwasher, fridge freezer and freestanding washer/dryer. Bathrooms and en-suites will also be finished with mirror concealed vanity units, underfloor heating and heated towel rails.
Residents will benefit from access to landscaped external gardens, in addition to separate private gardens and terraces to some apartments. Penthouse apartments will have access to roof terrace space, which will provide residents with views around London.
Apartments are for sale with Savills, Knight Frank and Beauchamp Estates with prices starting from GBP715,000. 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by