70 New Oxford Street

Key Details

Overview

70 New Oxford Street is an office development in London WC1.

The 17,729 sq ft office element of 70 New Oxford Street benefited from a substantial refurbishment in 2015, which saw an extension of the existing floors, the installation of a new curtain wall double glazing system, complete renewal of the plant and the addition of a fourth floor which offers a roof terrace.

2021 - Savills acquires the freehold interest in 70 New Oxford Street on behalf of State Street, for £34.9m (net initial yield of 4.04% and a capital value of £1,403 psf). The building is let to five tenants for a weighted unexpired term certain of 3.75 years at an average rent of £71 psf.

2016 June - Orchard Street completes 13,000 sqft of office lettings at 70 New Oxford Street to multinational digital advertiser Teads Ltd and TV production company Studio Lambert bringing the property up to full occupancy.
Teads and Studio Lambert joined Pret a Manger and Itsu who occupy the retail units on the ground floor, and office tenant Active International on the first floor of the building.

2015 May - Orchard Street acquired the prime asset on behalf of St James’s Place Wealth Management, with a 74% office vacancy.

Project Manager: Bollingbrook
M&E Consultants: Cundalls
Structural Engineer: Fothergill Consulting Engineers