Redevco to refurbish Oxford Street mixed-use building
Real estate firm Redevco is set to refurbish its retail and office building at 376-384 Oxford Street, with the ambition of creating a new space that is net zero carbon in operation.
The building, which sits opposite Bond Street underground station, is one of Oxford Street’s few ‘island’ properties.
Rebuilt in the 1950s, the building has previously housed C&A and most recently Gap, with the fourth, fifth, and sixth floors let as offices.
Under Redevco’s proposals, the second and third floors will be converted to office space, with retail space provided at the basement, ground, and first floors, with the new store retaining its existing triple-height frontage.
The offices will benefit from air quality sensors, tech-led waste management, and a new building management system which all contribute to Net Zero targets, as Redevco aims for a target of Well Platinum rating for all office floors in the building.
Chris Baker, UK portfolio director for Redevco, said: “Where better than Oxford Street to undertake such an investment?
“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”.
Faithdean has been appointed as principal contractor with TFT as project manager.