Hines buys site above new Bond Street station entrance
International real estate investor Hines has bought 354–358 Oxford Street from Transport for London on behalf of the Hines European Value Fund. The prime site is located above the Bond Street underground station entrance on the north side of Oxford Street and in the heart of London’s West End.
Hines plans to deliver best-in-class retail space across the basement, ground and first floors. The detached building offers excellent prominence for the 25 meters of frontage in a prime Oxford Street location, directly opposite the main Bond Street Tube station exits. Above the retail element, Hines will create high-quality residential accommodation across the four upper floors.
Paul White, HEVF fund manager, said: “The acquisition of 354-358 Oxford Street is another example of HEVF’s commitment to focus only on the best micro-locations within its target markets. The mixed-use components of this new project offer the fund strong downside protection during uncertain macroeconomic times.”