CBRE Global Investors snaps up Angel Shopping Centre

by   CIJ UK
2015-08-25   10:00
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CBRE Global Investors, on behalf of its investors, is buying Angel Shopping Centre from Warburg-HIH Invest Real Estate. The price was not disclosed. TH Real Estate brokered the deal. CBRE advised CBRE Global Investors, while Cushman & Wakefield advised TH Real Estate.

Angel Shopping Centre (formerly known as N1 Shopping Centre) opened in London’s Islington district in 2002. The 16-unit center is 95 percent leased, with a 20,000 sq ft H&M store and a 42,800 sq ft nine screen Vue Cinema anchoring the project. Other tenants include GAP, French Connection, Tiger, Oasis, Monsoon and Academy Music Group.

“We have secured an exceptional shopping centre in a vibrant and growing area of Central London against strong competition. We have exciting plans for this asset. The scheme will provide excellent prospects for a long term secure cash flow which meets our investors return criteria,” said John Mulqueen, head of EMEA transactions at CBRE Global Investors.