18/11/2016 by Buildington
The refurbishment of Oxford House will potentially start in the next 18 months, reports developer Great Portland Estates.
The plans for the refurbishment, for which the planning approval was achieved in June, include a significant increase in the retail space to take advantage of the strong demand for good retail units at the eastern end of Oxford Street.
As part of the letting at Rathbone Square, Facebook has a right of first offer (exercisable in January 2017) to pre-let all the anticipated 55,700 sq ft of office space.
Source: Great Portland Estates plc half year results, six months ended 30 September 2016 www.gpe.co.uk