Sager Group, in association with Cain Hoy, have unveiled details of the Almeida Serviced Apartments scheme planned for Islington Square. The scheme will provide 108 apartments over 58,000ft² (5,388.5m²) and deliver one of the most luxurious and exclusive hospitality offerings in London.
Developed by Sager Group, in association with Cain Hoy, Islington Square is the transformation of the former North London Royal Mail centre, just off Upper Street, into a new £400m (€549m) 4.5 acre destination for London providing 263 new homes, as well as retail leisure facilities.
The serviced apartment scheme will be located in 8 Ester Anne Place, the iconic Edwardian former Royal Mail sorting office. The building was originally built in 1904-1906, 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 scheme will provide a selection of highly designed brand specific serviced studio suites and one bedroom apartments, each with fully fitted kitchens, spacious living/dining area and bedroom suite with luxurious bathroom. There will be a spacious entrance foyer with concierge desk and seating area for visitors. There will also be an executive lounge for apartment users, with lounge areas, meeting/dining areas and eating/drinks/coffee bar facilities.
The plans for Islington Square were unveiled earlier this month, the scheme will not only provide serviced apartments, but also 263 homes, new retail outlets, restaurants, and leisure facilities – all centred around a new public boulevard.
Giris Rabinovitch, CEO of Sager Group commented, “Islington Square is one of the most prestigious regeneration projects in London, and will provide an exciting new Covent Garden style destination for the capital. The serviced apartments are perfectly located for business visitors and tourists alike. Users will be well served by public transport, with apartments located between Angel Underground and Highbury & Islington Station, as well as a number of bus services to The City and the West End from Upper Street.”
Mr Rabinovitch added, “Serviced Apartment users will be in easy reach of the restaurants and bars in Islington Square, and will have use of the health club and cinema facilities at a special discounted rate. We are about to recommence discussions with a serviced apartment provider from the Far East in order to progress the delivery of this prestigious hospitality project.”
Sager Group highlight that the Mayor of London’s office has identified that London has a 20,000 room shortfall in the overnight accommodation sector, underlining the demand from consumers and potential growth in the market. Despite being the home to a number of the world’s leading financial institutions and other global headquarters, London lags behind other international centres for serviced apartment facilities.
Construction has begun on site and completion of the whole site is expected towards the end of 2017.
