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354-358 Oxford Street

354-358 Oxford Street

May 2011
354-358 Oxford Street in 2014

354-358 Oxford Street in 2014

4th May 2014
CGI of 354-358 Oxford Street building.

CGI of 354-358 Oxford Street building.

7.01.2019

354-358 Oxford Street

Address:
354-358 Oxford Street, London W1C 1JJ
Type:
Mixed use
Flats:
11
Viewed:
4844

Description of 354-358 Oxford Street

354-358 Oxford Street development 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.

354-358 Oxford Street is located between Stratford Place and Marylebone Lane and comprises a five storey building (with additional rooftop plant) comprising ground and first floor floor retail units and four floors of residential dwellings. 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.

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

Connected Companies

News & Comments: (1)

Buildington
2019/01/08 08:38

Hines, the international real estate firm, has acquired 354–358 Oxford Street—a prime asset located above the Bond Street Underground station entrance on the north side of Oxford Street and in the heart of London’s West End—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, and is notably HEVF’s fifth acquisition in the last 12 months.

Hines will deliver 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 new Bond Street station entrance and the opening of the Elizabeth Line will improve connectivity and be attractive for both the consumers visiting the asset’s forthcoming retail areas and its future residents.

The upgrade of Bond Street Tube station, which included the opening of the new entrance and ticket hall on the north side of Oxford Street, provides step-free access for the first time at the station and enables shoppers, workers and visitors to the capital to enjoy quicker, easier and more comfortable journeys due to increased capacity.

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.”

*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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