2 September 2015

West One Shopping Rents of £900 sq ft Zone A

Norwegian sovereign wealth fund Norges is in pole position to buy the West One shopping centre, the prime London Oxford Street mall above Bond Street tube, change hands for in excess of the £240m asking price according to CoStar. 

The 47,000 sq ft shopping centre is located on top of Bond Street underground station providing a three level shopping centre together with a 44,500 sq ft office, 75 Davies Street.

The scheme occupies a virtual island site of 0.75 acres and enjoys a prime Oxford Street frontage.

Retailers include Marks & Spencer, McDonald’s, Superdrug and Boots.

Recent lettings to Turkish bakery and tea chain Simit Sarayi and Toy Store for 27,000 sq ft have been at record rents for the area of in excess of £900 zone A.

The office accommodation is scheduled for a rolling refurbishment programme to coincide with the opening of the Crossrail link in 2018.

 

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