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The old building at 151 Oxford Street in 2012.

The old building at 151 Oxford Street in 2012.

March 2012

149-151 Oxford Street

Address:
151 Oxford Street, London W1D 2JG
Type:
Commercial
Completion:
January
Retails:
1
Viewed:
6010

Description of 149-151 Oxford Street

149-151 Oxford Street is a commercial building on London's busiest shopping street.

2011 December - Planning application submitted:
Demolition of existing buildings; excavation of basement; erection of new building at 149 - 151 Oxford Street for retail (Class A1) use at basement, ground and first floors with office (Class B1) use at second, third, fourth and fifth floors (accessed via 59 Berwick Street). Erection of new building at 59 Berwick Street for residential (Class C3) use at first-fourth floors to create six flats with entrance to offices and residential access at ground floor level. Installation of plant and associated works including creation of roof terraces. [Site includes 59 Berwick Street]. Source: westminster.gov.uk

Businesses in the building:
- Matalan (from June 2015)

Connected Companies

News: (2)

AXA Real Estate Investment Managers (“AXA Real Estate”), the leading real estate portfolio and asset manager in Europe, has signed, on behalf of one of its clients, a new 15 year lease with Matalan, a major UK fashion retailer, for approximately 18,500 sq ft (1,719 sq m) of space at 149/151 Oxford Street, giving the retailer its first central London store.

Matalan will undertake a comprehensive, new concept fit-out to trade basement, ground and 1st floor, with opening expected at the beginning of 2015. 149/151 Oxford Street is ideally located on London’s busiest shopping street that will benefit from the new Crossrail station at Tottenham Court Road due to open in 2018.

This letting follows a number of other major asset management initiatives that AXA Real Estate has transacted on behalf of its clients including a new lease with Victoria’s Secret for more than 6,700 sq ft (c. 622.5 sqm) of space at 116/117 New Bond Street and a new 15-year lease with German luxury fashion retailer Hugo Boss at 120-122 New Bond Street.

Julian Best, Head of UK Asset Management at AXA Real Estate, commented: “Completion of this significant letting, which follows a number of other recent successful lettings we have achieved in the area, clearly demonstrates our ability to tailor products to match the specific requirements of retailers thereby creating value for our clients.”

Dorrien Thomas, Regional Head of Asset Management - Northern Region at AXA Real Estate, commented: “We believe that the underlying fundamentals of the UK retail sector in high footfall and globally recognised destinations such as Oxford Street, will continue to offer a robust, long-term source of income that will enable us to keep delivering value to our clients.”

Source: AXA Real Estate

27/08/2014 10:45 by Buildington

New in Buildington!

05/04/2012 01:02 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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