Modern offices planned for Soho Square site following acquisition

Great Portland Estates (GPE) has announced the acquisition of a sizeable plot in London’s West End, which it intends to redevelop into a best-in-class office building and a flagship retail building.

Purchased from Belgravia & Chelsea Property Services, the site includes the properties at 16/19 Soho Square, 29/43 Oxford Street and 7 Falconberg Mews.

The mixed-use buildings are currently let to a number of different tenants, but vacant possession is expected by March 2024. The site already has planning consent for a wide scale demolition programme to begin.

Delivering around 8,300m² of Grade A office and prime retail space, the project will provide an HQ building on Soho Square and a retail element fronting Oxford Street. They will be arranged over basement, lower ground and eight upper floors, with multiple private terraces and a communal roof garden.

GPE Senior Investment Manager, Alexa Baden-Powell, said: “This acquisition represents a fantastic opportunity for us to develop a strategic West End freehold site into a best-in-class headquarters building with excellent sustainability credentials.”