New 5,000 sq ft retail space ready to lease on Oxford Street

International real estate firm Hines has today launched a new 5,000 sq ft retail space to lease at Oxbourne House, 354 Oxford Street, above Bond Street Underground station.

Located in the heart of the West End, a new major flagship store is being sought for the space which covers basement, ground and first floors, with a detached building providing 25 metres of double height frontage.

Hines acquired the development site from Transport for London (TfL) earlier this year, on behalf of the Hines European Value Fund, and is creating high-quality residential accommodation across the four upper floors.

Bond Street station is one of the main Elizabeth Line stations and footfall is expected to significantly increase in this location when the line opens in 2021.

Emme Haycock, asset manager at Hines UK, said: “Oxford Street is one of the most iconic, popular streets in London, visited by over four million people each week. It’s rare for a brand-new retail development to arrive on the street, so this represents a unique shop window in an unparalleled location alongside the world’s biggest shops and brands.”

Leading real estate advisors Colliers International and Savills are supporting Hines in selecting a prime retailer to lease the space.