The new development is expected to open in 2017 with John Lewis as the anchor tenant. H&M, Superdry, Schuh and Goldsmiths have all signed up to the 800,000 sq ft scheme, bringing the pre-let occupancy rate to 28%.
The developers, Land Securities and the Crown Estate, expect that the construction of the site will support 1,000 new construction jobs and attract 3,400 retail roles once trading begins.
The developers are expected to include 61 flats in the scheme, having scaled back from earlier plans to build up to 122 homes. Chief Executive of Land Securities, Robert Noel said: “Today we’ve taken a significant step towards creating our vision for a world-class retail and leisure destination in Oxford, having worked hard with our customers and the community to shape the right scheme.”
Our local buying agent at Buying Agent Partnership said: “Everyone who drives into Oxford is already suffering from the seemingly endless roadworks, and the work on this development is sure to bring more pain. However the new shopping centre is long overdue and the prospect of a “world class” retail destination is surely worth the wait. It’s great news for the city.”
If you are interested in buying a home or investment property in Oxfordshire, please contact our agent for professional, independent advice, Tel: 0330 223 6339.