08/07/2015 by Buildington
Great Portland Estates is approximately half way through the demolition of the existing building at 73/89 Oxford Street and the main contract works are due to commence in September 2015.
Following the pre-let of 31,800 sq ft to New Look at a zone A rent of £600 per sq ft in March 2015 and subsequent securing of a change of planning use for the second floor from office to retail during the quarter, 40% of the scheme’s ERV is already secured.
Source: Great Portland Estates trading update for the quarter to 30 June 2015.