Lothbury IM to transform Clarendon shopping centre (GB)

Lothbury IM to transform Clarendon shopping centre (GB)

Lothbury Investment Management, the investment managers of Oxford’s Clarendon Centre, has secured an approval to partially demolish the centre as a part of its proposal to transform the shopping centre into a new 226,547ft² mixed-use scheme comprising R&D laboratories, Grade A office space and student accommodation, as well as shops and restaurants. All units will be built to high sustainability standards. A new public square will be open to all, creating a green oasis in the city centre. Spill-out spaces for cafés will help make this a lively and enjoyable space.

 

The laboratory space comprises 50,279ft², office space 103,259ft², student accommodation 50,147ft² and retail and café space 22,862ft².

 

Adam Smith, executive director of Lothbury Investment Management, said: “The Clarendon Centre is to undergo a major change of use which will transform Oxford city centre. This is an exciting opportunity to create a new work/life hub, bringing together academics, researchers, students and the local community in the city centre. We are delighted that the councillors have supported our proposals and shared our vision for the future of Oxford city”.

 

The redevelopment will include world-class laboratory space in partnership with Oxford Science Enterprises to provide serviced incubator accommodation for the burgeoning university spin-out sector, as well as offices and purpose-built student accommodation.

 

Work on redeveloping the Clarendon Centre is expected to begin this year, with the first phase completed by the end of 2024.

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