Hines has been granted planning permission for the refurbishment and extension of its flagship West End office on Oxford Street, W1C.
The investor has gained approval to rework the 37,414 sq ft building at 80 New Bond Street and 325 Oxford Street.
Plans will see a remodelled scheme with flexible retail, leisure and community use on the ground and first floor, and 31,000 sq ft of office space.
Hines acquired the six-storey building on behalf of the Hines European Value Fund 2 (HEVF 2) in February 2020.
Jake Walsh, managing director at Hines UK, said: “It is probably the best micro-location in London’s West End, with Oxford Street and Bond Street among the world’s most iconic and popular retail streets.
“The double-height shop fronts will provide a unique shop window for any global brand in an unparalleled location.”
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