City North Islington, an existing trading estate next to Finsbury Park mainline and underground stations, is owned by City North Islington Holdings, whose owners also own and operate the Business Design Centre trade, exhibition and conference venue in Islington. The site will be developed in partnership with United House, who will act as joint developer and contractor, to create 308 one to four bedroom private apartments in a landmark development designed by award-winning architects Benson & Forsyth which will include two striking 21-storey towers. The development will also comprise 47 affordable homes, and 116,000 sq ft of retail, restaurant leisure and office space. The project will cost approximately £130million to deliver and will be the largest regeneration scheme undertaken in Islington since the Arsenal Stadium project.
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Finsbury Park Station is the busiest transport hub outside of Zone 1 and the proposed high quality landmark scheme will act as a gateway for the area. The development will deliver a diverse mix of uses which will increase the vibrancy and vitality of Finsbury Park and act as a catalyst for wider regeneration.
City North Islington appointed Savills to find a joint venture partner and, following a competitive tender process, United House was chosen from a shortlist of companies because of its contracting, developing and investment skills.
(CD/GK)
