Angel Central completes ground floor leasing and outperforms across sales and footfall

CBRE Investment Management has signed Therapie Clinic at Angel Central, its retail and leisure destination in Islington.  The deal completes the leasing of the destination’s 90,000 sq ft ground floor and coincides with significant year-on-year sales and footfall growth.

Thérapie Clinic, Europe’s leading aesthetic medical centre, will open a 2,172 sq ft facility later this year adjacent to Rituals and the recently refurbished Accessorize. It will offer its renowned medical-grade laser hair removal, world-class body sculpting and toning treatments, cosmetic injections, skin treatments, and more. It will deliver an affordable and accessible beauty and wellness experience to Islington’s community, adding a brand-new use and diversifying the centre’s retail mix.

Joining anchor stores Uniqlo and H&M, Therapie marks a milestone moment for the destination as it reaches full occupation of its ground floor, following the arrival of key aspirational retailers such as Mango, KIKO Milano and Oliver Bonas earlier this year.

These openings have translated into stellar performance across the centre, with Angel Central seeing a 34.8% uplift in sales throughout Q3 of this year, and an 11.4% increase like-for-like, demonstrating not just the strength of new tenants, but existing retailers outperforming and continuing to drive spend. Footfall during this period was also up by 2.6% and 3.7% compared to Q3 2023 and Q3 2019 respectively, with year-to-date sales currently sitting at +25.8% and +8.1% like-for-like.  

Ciara Daffy, Asset Manager at CBRE Investment Management, commented: “There have been several leading brands arrive at Angel Central in the last twelve months, and it’s fantastic to round off our ground-floor leasing with Thérapie Clinic. These openings, combined with our solid performance so far this year, really signify the strength of Angel Central and the success we have in serving the needs of our community. We’ve highlighted that it’s not just about bringing in new names but stimulating growth with existing retailers too, and we are on track to driving forward one of Angel Central’s most successful years post-refurbishment.” 

Angel Central is situated in the heart of Islington and includes retailers such as MUJI, Flying Tiger, L’Occitane, Rituals, and OFFICE, and boasts a well-rounded F&B offer, with the likes of Wagamama, itsu, Saint Espresso, Northwood, and Birdies. 

CBRE and Colliers act for Angel Central.