Key Details

Overview

1 Torrens Street, also known as Angel Square, is a planned development in Islington, London EC1.

The building consists of three multi-let connected buildings around a central courtyard. It comprises 128,700 sq ft / 11,960m2 of offices above Angel underground station.

2014 - Derwent London exchanges contracts to acquire the freehold of Angel Square, Islington EC1 in London’s Tech Belt from an overseas investor for £75.03m before costs. The passing rent was £2.4m per annum and 12,950 sq ft (10% by area) is vacant. Rents on the let space range from £10 to £30 per sq ft, with an average of £21.68 per sq ft. The majority of the leases expired in March 2015. The net initial yield is 3.05%, which reflects a capital value of c.£610 per sq ft after costs.