508/540 Oxford Street
London W1
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Date
July 2024-April 2025
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Client
GPE
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Instructions
Agency
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Asset management of 508/540 Oxford Street London W1. We were instructed to assist the leasing and asset management of this island block at the western end of Oxford Street.
The holding had recently seen a number of tenants leave and was then significantly impacted by the Covid shut down. Our advice was to secure operators for the voids at both the west and east end of the street.
After extensive negotiations we agreed a 20 year lease to TK Maxx for a store of circa 25,000 ft² trading over ground floor and basement. In order to facilitate this transaction the existing lease with Superdrug next door was re-geared and the store reconfigured to provide extra accommodation in the basement
for TK Maxx.
Following this at the western end of the parade lettings were completed to Café Concerto, Activate and Keikoo who took possession in August 2025 with a view to opening in November 2025. As part of the asset management, existing tenant Holland and Barrett re-geared their lease to reflect the enhanced position of the parade in April 2025. Two remaining units at 522 and 524 Oxford Street are now under offer looking to complete prior to Christmas 2025.
