Sager have appointed Galliard Construction as the principal contractor for the flagship £400m Islington Square development. With a construction budget of more than £100m Islington Square, which is being developed by Sager in association with Cain Hoy, is now underway.
Over the coming months, Galliard Construction will be demolishing the 1960s block at the northern end of the site and commencing pilling and groundworks across the site simultaneously cladding newly constructed concrete frameworks within the retained Edwardian structures and starting external refurbishment works. The fit out of new tenant facilities will begin in early 2017, with the project schedule for completion in late 2017.
Located just behind Islington’s Upper Street, the 4.5-acre site will comprise 263 residential apartments, 108 serviced apartments and 170,000ft² (15,800m²) of luxury lifestyle brands and restaurants alongside a Third Space Health Club and Odeon Lounge cinema.
The development contains a mix of Edwardian and new build elements, designed and master planned by award winning CZWG Architects. The Edwardian elements, including the grand 6-storey Edwardian building, were originally built in 1904-1906 and designed by architect Jasper Wager, under the auspices of HM King Edward VII’s Public Buildings Department for the Post Master General’s Office.
The acquisition of the site and planning permission was obtained in two stages, with full vacant possession having occurred in September 2015, following the Royal Mail’s departure and move into their new state of the art residences on Eagle Wharf Road, near the Regents Canal.
Giris Rabinovitch, CEO of Sager Group commented, “There is a lot of activity on site, day to day you can see real progression within the scheme – it is all very exciting and we are on schedule for completion for October/November 2017.
“We launched the residential apartments in February 2016, there has been a lot of interest and reservations. Commercially speaking, we have two key anchor tenants including The Third Space and Odeon Lounge, and a further 30% of retail space is under offer. We look forward to progressing the scheme and seeing our vision turn into reality.”
