London development defies pandemic challenges with over £125m worth of properties sold

A North London development has revealed that its “sought after” properties have nearly sold out with over £125m of properties sold since May 2020.

Islington Square is a mixed-use development that has transformed the Edwardian former Royal Mail sorting office located just behind Upper Street. It opens up a new district of Islington, with boutique shops, restaurants and leisure amenities forming 170,000 sq ft of commercial space, alongside 263 new homes and 108 serviced apartments.

Instructed agents Beauchamp Estates reveal that a mixture of local buyers looking to upsize or downsize, as well as young entrepreneurs, families and professionals, have purchased homes at the landmark mixed-use development.

Yahya Swallem, of Beauchamp Estates said: “We are delighted with how popular Islington Square has proven to be, with buyers drawn to the lifestyle on offer.

“Despite the challenge of lockdown restrictions, since the property market reopened last May we have successfully sold over 80 properties at the landmark development to a range of buyers.

“The dynamic community of new residents is nearly complete, with the vibrant mixture of boutique shops, leisure amenities, restaurants and grocers and good transport links creating a sought-after destination.”

Beauchamp Estates reveals that of the 169 private sale apartments, few remain available, with the final ‘Zen Collection’ of eight homes due to be released this Autumn.

The penthouse collection sold out earlier this year achieving in excess of £2.2k per sq ft, with the average property sold in the last year achieving £1.5k per sq ft.