After receiving a resolution to grant planning permission for a new build scheme at Oxford House and finalising the remaining neighbourly matters, GPE has committed to the redevelopment of the building in March 2018.
The new build scheme will deliver around 116,000 sq ft of new office and retail space, a 30% increase (27,000 sq ft) on the refurbished building. BREEAM Excellent rating is targeted with generous wellbeing features designed in from the outset.
With vacant possession now achieved, demolition of the existing building is expected to commence imminently with the construction of the new building expected to start in March 2019 and completion is targeted for Q3 2021.
Source: Great Portland Estates annual results for the year to 31 March 2018.
gpe.co.uk