Premier House on Oxford Street.

73-89 Oxford Street

W1D
Commercial

Key Details

Address
73-89 Oxford Street, London W1D 2ES
Completion
April 2017
Size
90,700 sq ft>
Offices
1
Retails
1

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

Site & Location

Transport

TUBE
Tottenham Court Road Underground StationCentral, Northern
BUS
Oxford Street / Soho Street390, 55, 73, 98, N207, N25, N55, N73, N8, N98

Team

Company
Type

News

News, events, milestones and offers from the new development
Great Portland Estates plc has completed the sale of the freehold of 73-89 Oxford Street and 1 Dean Street to Norges Bank Real Estate Management for a price of £276.5 million, reflecting a net initial yield to the buyer of 3.2%. The office and retail development is under construction with...
17/11/2016 08:09 by Buildington
At 73/89 Oxford Street, W1, which will deliver 90,700 sq ft of new-build retail and office space directly opposite the Dean Street entrance to the Tottenham Court Road Crossrail station, the construction of the building is underway and on programme. Following the pre-let of all the retail space...
07/07/2016 12:39 by Buildington
The remaining 15,300 sq. ft. flagship retail store at 73-89 Oxford Street has been pre-let to Benetton Group S.r.l. at £2.6 million per annum. Benetton will take a 20 year lease and will trade alongside New Look, to whom GPE pre-let a 31,800 sq. ft. store in March 2015. This leaves 43,400 sq. ft....
13/01/2016 06:14 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.