Oxbourne House

Marylebone W1C
C3E
Mixed use

Key Details

Address
354-358 Oxford Street, London W1C 1JJ
Status
Under Construction
Flats
11
Use Classes
C3, E
Website

Overview

Oxbourne House development at 354-358 Oxford Street is a part of major improvements to Bond Street Underground Station.

Hines is delivering best-in-class retail space across the basement, ground and first floors. The detached nature of the building offers excellent prominence for the 25 meters of frontage in what is a prime Oxford Street location, directly opposite the main Bond Street Tube station exits. Above the retail element, Hines will create high-quality residential accommodation across the four upper floors.

The residential areas will be configured into 11 units of one to three-bedroom apartments with an entrance to the scheme via Marylebone Lane. Fletcher Priest has been selected as the lead architect for this dynamic mixed-use project.

The site comprises a five-storey building (with additional rooftop plant) comprising ground and first floor retail units and four floors of residential dwellings.

History

2018 - Hines acquires 354–358 Oxford Street on behalf of the Hines European Value Fund (HEVF). Hines’ UK team advised HEVF on the acquisition of 354-358 Oxford Street which was sold by Transport for London. Hines will deliver best-in-class retail space across the basement, ground and first floors.

Jake Walsh, Director of Hines UK, said, “Securing one of the most sought-after prime locations in the West End of London represents a milestone transaction for Hines, demonstrating our capability to source and convert the most attractive opportunities in an incredibly competitive market. We look forward to delivering a prestigious scheme in keeping with its location.”

Paul White, HEVF fund manager, remarked, “The acquisition of 354-358 Oxford Street is another example of HEVF’s commitment to focus only on the best micro-locations within its target markets. The mixed-use components of this new project offer the fund strong downside protection during uncertain macroeconomic times. HEVF is thrilled to acquire its first asset in London, and looks forward to acquiring additional compelling value add assets in the city in the near future.”

Graeme Craig, Director of Commercial Development at TfL, said, “We are delighted to have concluded this transaction at a prime West End location, which will provide a significant return to reinvest in the transport network. Our investment strategy will continue to see us undertaking a small number of targeted disposals whilst we concentrate our own development activity on Build to Rent in outer London to generate ongoing revenue as well enabling us to provide high levels of affordable housing.”

2011 - Planning permission granted for:
Redevelopment to provide retail use (Class A1) at part basement, ground and first floors and 11 residential units (Class C3) on the second to fifth floors (3x1 bedroom, 6x2 bedroom and 2x3 bedroom); installation of plant at roof level with associated enclosure, adjacent living roof on the western side of the roof and photovoltaic cells. Westminster Council ref. no. (opens in a new window)
11/03852/FULL.

References:
1. Westminster westminster.gov.uk
2. Fletcher Priest fletcherpriest.com

Site & Location

354-358 Oxford Street is located between Stratford Place and Marylebone Lane. The surrounding land uses predominantly comprise retail, office and entertainment/hotel uses and are consistent with Westminster City Council policies concerning land use in the Central Activities Zone. The site is located within the Stratford Place Conservation Area.

Transport

TUBE
Bond Street Underground StationCentral, Jubilee
BUS
New Bond Street159, 7, 94, 98, N207, N7, N98, 139, N113

Team

Company
Type
Year
Planning Consultant
Developer
Office Leasing
Office Leasing
Brand Agency
Project Manager

Timeline

News, events, milestones and offers from the new development
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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.