The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, has announced that it is to start work on its £440 million Westgate Oxford shopping centre development.
Construction work is set to start in this Spring and preparatory is due to begin imminently. The new 800,000 square foot retail and leisure scheme in Oxford city centre is expected to complete in autumn 2017.
Under the scheme’s plans, the existing Westgate centre in the west end of Oxford will be transformed to include over 100 new stores, 25 restaurants and cafes, a boutique cinema, roof top terrace dining and new public spaces.
Retailers that have signed up to the new centre include H&M, Superdry, Schuh, Goldsmiths, John Lewis, Next, Primark and Michael Kors. The development is now 28% pre-let.
Transforming the retail leisure experience in Oxford
Robert Noel, Land Securities chief executive, 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. Alongside our growing list of customers, we are committed to creating a new Westgate Oxford which not only complements the city’s beauty and heritage status but also enhances its global reputation as a great place to spend time.”
Paul Clark, director of investment and asset management at The Crown Estate, added: “This significant milestone underscores our commitment to this ambitious redevelopment which will totally transform the retail and leisure experience in Oxford and stand out as one of the best schemes of its kind in the UK.”
The development is expected to generate up to 1,000 construction jobs with a further 3,400 retail positions opening up once the centre is completed.
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