Derwent buys Angel Square

Kasmira Jefford
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Derwent London stepped up its presence to the capital’s fast-growing tech sector after buying Angel Square in Islington for £75.03m.

The property developer, which is developing the huge White Collar Factory office scheme at Old Street’s “Silicon” roundabout, said yesterday the three buildings complemented its other assets in the area, including the Angel Building opposite.

It bought the freehold from Germany’s Berlinovo Immobilien.