Redevco is preparing to refurbish its retail and office building at 376-384 Oxford Street, W1, to create premises that will be net zero carbon in operation.
The 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. Rebuilt in the 1950s, the building has housed C&A and most recently Gap, with the fourth, fifth and sixth floors let and occupied as offices.
As part of the overhaul, the office element at the property will increase. The second and third floors will be converted to office space, providing around 19,375 sq ft with a Cat A-plus office fit-out. Retail space will be provided at basement, ground and first floors, with the revamped store retaining the existing triple-height frontage.
The offices, accessed from 1 James Street, will feature air-quality sensors, tech-led waste management and a new building management system.
Redevco is targeting a WELL Platinum rating for all office floors in the building, including those still occupied. Cycle storage and changing facilities will be installed, as well as an extended reception area leading to a new first floor co-working lounge – the Green Room – with bookable meeting rooms and conference facilities.
Works are expected to finish in 2025.
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.”
Image courtesy of Porterfield/Redevco/Faithdean
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