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What is Crossrail Development at 1 Oxford Street about?

Derwent London and Crossrail have revised their agreement to develop the site above Tottenham Court Road station. Derwent London will now own the key interest in the redevelopment site at 1 Oxford Street. The project will include 204,000 sq ft of offices, 37,000 sq ft of retail, and a 34,000 sq ft theatre. Derwent London will enter a new 150-year lease and pay £55m once construction is complete. Crossrail will receive ground rent and a portion of any development profits. Work is scheduled to begin in early

Author

Ishita Aryan

Language

EN