In 2018, Hines, on behalf of its Hines European Value Fund I (HEVF I), acquired 354-358 Oxford Street, a prime asset in the heart of London’s West End.
Oxbourne House is a unique development situated at a core intersection of Oxford Street, Europe’s busiest shopping street. The flagship value-add asset is located above a new station exit at Bond Street station, and next to the new Crossrail station.
Project investment provided a retail unit of c. 460 sqm, trading from the basement, ground and first floor. There are also eleven residential units on upper floors that are accessible through the side of the building, addressed 1 Marylebone Lane, which has been let as a whole to a corporate housing provider on a 15-year lease.
The retail unit is extremely prominent on Oxford Street, located on a unique island site with 26 metres of double-height glazed frontage, and is let to luxury clothing brand Maniere de Voir.