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

Angel Central, the retail and leisure destination in Islington, has signed Therapie Clinic, marking the destination’s final letting on its ground floor alongside stellar performance 

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, one of Europe’s leading aesthetic medical centres, will open a 2,172 sq ft facility later this year. 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.

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 percent uplift in sales throughout Q3 of this year, and an 11.4 percent 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 percent and 3.7 percent compared to Q3 2023 and Q3 2019 respectively, with year-to-date sales currently sitting at +25.8 percent and +8.1 percent 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.”

CBRE and Colliers act for Angel Central.