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Lendlease confirmed on GPE's Oxford Street scheme

Great Portland Estates has appointed Lendlease as the main contractor for a mixed-use project on Oxford Street.

The contractor will deliver 78,100 sq ft of new offices and 37,900 sq ft of retail space at GPE’s Oxford House development.

Demolition is already under way on the project, which is expected to complete by the third quarter of 2021 at an expected profit on cost of 17.9 per cent for GPE.

The developer highlighted the scheme’s proximity to the new Tottenham Court Road Crossrail station, which is opposite.

GPE currently has three projects on site spanning a total of 412,000 sq ft, all near Crossrail stations.

The firm said its team was preparing a further 11 schemes, with targeted completion dates into the early 2020s and beyond.

In April, Mace was given the green light to begin work on the developer’s multi-million-pound Hanover Square scheme, after the developer secured a substantial pre-let.

Lendlease declined to comment.

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