Hines European Value Fund purchase 354-358 Oxford Street
Bruce Gillingham Pollard provided occupational advice in the purchase of 354-358 Oxford Street on behalf of Hines European Value Fund.
Alongside Chris Strong at Fineman Ross, Bruce Gillingham Pollard’s market-leading leasing team were able to use their wealth of knowledge and experience to provide a detailed underwrite on a development located in one of the most sought-after and prime locations in the West End.
The building has recently been redeveloped and is strategically located adjacent the new Crossrail entrance on the northern side of Oxford Street to Bond Street station. The retail scheme comprises in excess of 5,000 sq ft - this could either be let in its entirety or with the ability to create 3 new shops along Oxford Street. The upper floors include 11 residential apartments, designed by architects at Fletcher Priest. Bruce Gillingham Pollard and joint agents Colliers International will be marketing the commercial space with immediate effect, to open in line with the arrival of the new Crossrail Station on Bond Street.
Charlotte Brunt, Director at Bruce Gillingham Pollard said: “354 Oxford Street is a hugely exciting project, it’s perfectly positioned near the new Bond Street tube and it will also benefit from the arrival of the Elizabeth Line, improving connectivity and access to the immediate area. The building benefits from over 25 metres of Oxford Street frontage and all these key aspects will come together in helping to secure an opinion forming retail tenant mix for this scheme”.