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£300m London W1 redevelopment given green light

Westminster City Council has approved plans for a £300m the demolition and redevelopment of six buildings between London's Oxford Street, Berwick Street and Wardour Street.

This major project will feature about 30,000 sq ft of retail space, a 9,000 sq ft nightclub, and 45,000 sq ft of offices.

Daejan Investments, the investment firm developing the project, which is controlled by the Freshwater family, acquired the address 137 Oxford Street from Carnaby Properties for £18m in 2015.

Image credit: The New West End Company