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Look: Designs For New £370 Million 'Islington Square'

Friday 23rd May 2014

A new luxury Square, costing an estimated £370 million to build, will take over the Royal Mail sorting building on Upper Street.An interpretation of Islington Square. Picture: Sager Group

As well as shops and leisure facilities, the development will boast 356 flats.

Studios will start from £550,000 and penthouses will cost around £3.5 million.Picture: Sager Group

Royal Mail are relocating to a building on Eagle Wharf Road next to the Regent’s Canal.

It's thought the building work for Islington Square will take two years.

Giris Rabinovitch, from Sager Group said: “This transaction marks a major milestone in the development of Islington Square which will become a landmark retail and leisure destination and a welcome addition to this thriving area of London.  It has been more than a decade since acquiring the original site and we are delighted that we have succeeded in bringing this to project to life.”