The department store on London’s Oxford Street is set to be revamped with a £100M investment after receiving planning permission.
Westminster City Council’s Planning Committee has granted permission for the department store at 318 Oxford Street to be revamped by Public Properties Establishment. The large scale development will see the building undergo an extensive refurbishment to fix its exterior and also convert the upper floors into office space.
Furthermore, the department store will receive a top floor restaurant with 360 degree views of the surrounding area. The majority of the building is set to be developed into six floors of offices and the top two floors will be demolished and replaced with three. As well as offices, the building will feature a gym and basement pool alongside existing retail space.
Tim Barnes, West End Ward Councillor, said: “Oxford Street has suffered particularly badly during the pandemic, but Covid-19 just accelerated changes to retail habits that were already taking place. By investing in this flagship building and creating a vibrant mix of uses the vibrancy of Oxford Street can be assured for residents, visitors and workers.”
