London, 18 April 2024 – Redevco is to refurbish its retail and office building at 376-384 Oxford Street, central London to create new space that will be net zero carbon in operation and deliver a leading example of modernised existing stock for the world-famous street.
The urban real estate and regeneration specialist has appointed Faithdean as principal contractor, with TFT as project manager, to carry out a major refurbishment.
The building, opposite Bond Street underground station, is one of the few ‘island’ properties on Oxford Street.
Re-built in the 1950s, the building has housed C&A and most recently GAP, with the 4th, 5th and 6th floors let and occupied as offices.
In the same ownership throughout its lifetime, the building is set to receive a comprehensive refurbishment. The 2nd and 3rd floors will be converted to office space, providing approximately. 1800 sq m of new CAT A+ office accommodation. Retail space will be provided at basement, ground and first floor with the new store retaining the existing triple-height frontage.
The offices, accessed from 1 James Street, will benefit from air quality sensors, tech-led waste management and a new building management system which all contribute to a building that will be Net Zero Carbon in operation, with a target of Well Platinum rating for all office floors in the building – including those still occupied.
They will also have new cycle storage and changing facilities and an extended reception area leading to a new first floor co-working lounge – the Green Room – with bookable meeting rooms and conference facilities. New male, female and gender-neutral WC facilities are added to the building, with a multi-faith/quiet room and roof garden just some of the new services available to the office tenants.
“Where better than Oxford Street to undertake such an investment” said Chris Baker, UK Portfolio Director for Redevco.
“This project is a once in-a-generation opportunity to make a significant change to a building that had been in our client’s ownership for over 70 years. It has been key for us to refurbish and re-use what we have, focusing on our carbon footprint, whilst undertaking the change required to suit the needs of occupiers into the future. We have worked closely with our existing occupiers, neighbours and local stakeholders to minimise disruption and deliver maximum impact for good for this area of the West End. Very much in line with our corporate mission to make cities more liveable and sustainable, I look forward to seeing the project finished in 2025”.
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