FAQs

Below you can find the answers to frequently asked questions on the proposals for 63 New Bond Street. If you have any further questions, please do not hesitate to get in contact with the team via the Contact page.

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The nature of retail is changing as indicated by Debenhams/House of Fraser closing and their Oxford Street sites being redeveloped as well as John Lewis proposals to halve retail at their Oxford Street store and develop offices.

As a result, this scale and layout of the department store no longer work for Fenwick. They have sold the site to another family business that shared their long-term ethos and they have decided to invest elsewhere in their portfolio. Fenwick’s will therefore be leaving the site in February 2024.

The site is actually 6 different buildings which have evolved and merged over time. Coupled with the change of retail which has seen the demise of department stores, it’s relatively poor visibility at street level and its confusing internal configuration and high operational cost, it no longer works for retail in its current format.

We are currently undertaking a thorough study of the site including its existing structures and layout. We are also fully assessing the embodied and operational carbon of the existing site, and the balance between redevelopment and refurbishment, to work out what the right way forward.

This notwithstanding, the plans are likely to see:

  • A new leading retail offer at lower levels
  • Wellbeing-led office accommodation and urban greening at upper levels
  • A new highly sustainable development, both in terms of embodied and operational carbon; and circular economy principles
  • Extensive new urban greening and improvements to the public realm around the site

There remains strong demand for high quality, wellbeing-led office space in the Central Activities Zone, particularly in close proximity to transport hubs such as the Elizabeth Line.

We are looking to be broadly consistent with the scale established by the existing permission for the future of the site and will be undertaking a detailed local views assessment as part of our planning submission.  We are also in dialogue with neighbouring property owners.

Yes, we are keen to improve the public realm around the site, whilst noting the extensive refurbishment of New Bond Street which took place in 2016.

Q1 & Q2 2024

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