Key Details

Overview

73-89 Oxford Street is a mixed-use building on Oxford Street, London W1.

The 88,100 sq ft commercial development is located at the junction of Oxford Street and Dean Street, opposite the Tottenham Court Road Crossrail Station in London W1.

The development consists of 5,150 sq m of high quality ‘Grade A flexible office space and 3,100 sq m of retail space at street and lower levels.

The office entrance is at 1 Dean Street opposite to the new Crossrail entrance of Tottenham Court Road Station.

History

Premier House at 73-89 Oxford Street was demolished to make way for the new development that completed in 2017.

2016 - GPE sells the development to Norges Bank Real Estate Management.

2016 April - GPE acquired for £71.0 million the entire issued share capital of 73/77 Oxford Street Ltd, a debt free company, owning three properties in London's West End, including 73/89 Oxford Street. Before acquisition, GPE had a 250-year head lease from February 2011, geared to 10% of rents received following practical completion of the scheme; the head rent prior to PC is £620,000 per annum. As a result of the purchase, we have created a 100% prime asset, adjacent to a Crossrail station, in one of the London's most exciting locations;


Sources:
- Lifschutz Davidson Sandilands www.lds-uk.com