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View to the back side of 76 Oxford Street from Newman Street.
15. February 2012
Oxford House before demolishing in May 2018.
22.05.2018
View to Oxford House on the corner of Oxford Street and Newman Street; Rathbone Square entrance can be seen at the back.
22.05.2018Oxford House is a refurbishment scheme of the mixed-use property on Oxford Street in London W1.
The property is located directly to the south of Rathbone Square, W1 and opposite 73/89 Oxford Street, W1.
The scheme will deliver ca. 116,000 sq ft of new office and retail space.
History
2017 October - Planning application submitted for:
Demolition of 70-88 Oxford Street (Oxford House) and the erection of a new building comprising sub-basement, basement, ground plus seven upper floors and plant level, for the purpose of cycle parking and plant accommodation at sub-basement level, Class A1 (retail) accommodation at basement to first floor levels, a flexible Class A1 (retail) and/ or Class B1 (office) use on the second floor and Class B1 (office) accommodation at third to seventh floors; the creation of a rooftop terrace area at plant level; the creation of a service yard to the rear of building and other associated works. Westminster City Council ref. no. 17/09219/FULL.
References:
Westminster City Council planning applications westminster.gov.uk
Oxford House is currently being stripped out with demolition commencing later in the year. Completion is targeted for Q3 2021.
Source: Great Portland Estates trading update for the quarter to 30 June 2018.
After receiving a resolution to grant planning permission for a new build scheme at Oxford House and finalising the remaining neighbourly matters, GPE has committed to the redevelopment of the building in March 2018.
The new build scheme will deliver around 116,000 sq ft of new office and retail space, a 30% increase (27,000 sq ft) on the refurbished building. BREEAM Excellent rating is targeted with generous wellbeing features designed in from the outset.
With vacant possession now achieved, demolition of the existing building is expected to commence imminently with the construction of the new building expected to start in March 2019 and completion is targeted for Q3 2021.
Source: Great Portland Estates annual results for the year to 31 March 2018.
gpe.co.uk
Great Portland Estates is now exploring whether a more substantial redevelopment, including improving the quality and scale of the retail space, would add additional value given the strong demand for high-quality retail units at the eastern end of Oxford Street due to the opening of Crossrail in 2018.
GPE achieved planning approval in June 2016 for an 89,100 sq ft major mixed-use refurbishment at Oxford house. As part of the letting to Facebook at Rathbone Square, Facebook had a right of first offer to take all of the 55,700 sq ft of office space which they chose not to exercise.
Source: Great Portland Estates plc results for the year to 31 March 2017 24.05.2017 gpe.co.uk.
Facebook has chosen not to exercise their right of first offer to occupy the 55,700 sq ft of office space at Oxford House, reports Great Portland Estate.
Dependent on market conditions, GPE expects to be able to commence construction during autumn 2017 although the development team continue to look for opportunities to improve the design of the currently consented scheme.
Source: Great Portland Estates Trading Update for the quarter to 31 December 2016 www.gpe.co.uk
The refurbishment of Oxford House will potentially start in the next 18 months, reports developer Great Portland Estates.
The plans for the refurbishment, for which the planning approval was achieved in June, include a significant increase in the retail space to take advantage of the strong demand for good retail units at the eastern end of Oxford Street.
As part of the letting at Rathbone Square, Facebook has a right of first offer (exercisable in January 2017) to pre-let all the anticipated 55,700 sq ft of office space.
Source: Great Portland Estates plc half year results, six months ended 30 September 2016 www.gpe.co.uk
Planning approval for Oxford House was achieved in June for the 88,200 sq ft major mixed-use refurbishment.
The plans include a significant increase in the retail space to take advantage of the strong demand for good retail units at the eastern end of Oxford Street.
As part of the letting at One Rathbone Square, Facebook has a right of first offer to pre-let all the anticipated 55,700 sq ft of office space.
Source: Great Portland Estates trading update for the quarter to 30 June 2016 www.gpe.co.uk
Great Portland Estates continues to work up plans ahead of a planning application
submission in the coming months for a 90,500 sq ft major refurbishment scheme of the mixed-use property at 76 Oxford Street, incorporating a significant increase in the retail space.
Source: Great Portland Estates trading update for the quarter to 30 June 2015.
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