Plans start for 30,000 square feet of retail space on Oxford Street

Plans have begun for a £300 million project to introduce 30,000 square feet of retail space around London’s Oxford Street.

Daejan Investments has just been given planning approval for the development.  It will cover 127-143 Oxford Street as well as part of Berwick and Wardour streets, according to Property Week.

The development involves having to demolish and rebuild six buildings, building 60,000 square feet of office space, 30,000 square feet of retail space and a 9,000 square foot nightclub.

Daejan Investments is controlled by the Freshwater Family, who have owned property in and around the area sins the 60’s, but only acquired these buildings in 2012.