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LONDON-The City of Westminster has granted Great Portland Estates detailed planning consent to redevelop 190 Great Portland Street, London W1 with a mix of offices and retail and leisure uses. GPE has already redeveloped the adjoining 160 Great Portland Street, and the schemes underline the company’s determination to concentrate on its central London office portfolio as it pulls out of shopping centre investment.

The £80 million ($116 million) project at 190 Great Portland Street will comprise 13,606 sf of retail; 2,745 sf of leisure space; 110,891 sf of offices; a 15,188 sf health & fitness facility and a 3,229 sf showroom.

Paul Gittings of GPE said: ‘Following our redevelopment of 160 Great Portland Street and the rejuvenation of Market Place, this consent represents further evidence of how a close and pragmatic working relationship with Westminster City Council can breathe new life and energy into this area. Rents north of Oxford Street, where the majority of our £800 million ($1.16 billion) West End portfolio lies, show the greatest potential for growth,’ he asserted.

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