A US Private equity firm that has tabled a cash bid to buy Tottenham Hotspur has formed a joint venture on a £400m project in Islington, N1.
Cain Hoy, which confirmed its Spurs bid over the weekend, has partnered with developer Sager on the 500,000 sq ft project at Islington Square.
The 4.5-acre site – on the former North London Royal Mail Centre building on Upper Street – will see 356 flats, shops restaurants, offices and a cinema built.
Cain Hoy is backed by Guggenheim and run by Jonathan Goldstein, the former deputy chief exec of Heron International.
chris.berkin@estatesgazette.com
