London/UAE developer Sager Group has unveiled plans to transform London’s Royal Mail headquarters into a £400 million mixed-use project known as Islington Square, which will be made up of four buildings containing serviced apartments, retail, leisure and residential space. Royal Mail had been operating at the site in Islington since 1904, and in its heyday there were more than 3,000 postal workers on the site.

“Islington Square is a once-in-a-lifetime opportunity to create a new destination for London,” said Giris Rabinovitch, the chief executive of Sager Group.

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