Hines buys Oxford Street site


US-headquartered investment firm and property investor Hines has acquired 354-358 Oxford Street for around £41 million from Transport for London.

The site which is currently vacant, is next to the Disney store and directly opposite the main Bond Street station exit on Oxford Street.

Privately-owned, Hines plans to create a scheme drawn up by architects at Fletcher Priest, comprising new shops and eleven apartments with an estimated GDV of around £70m.