Great Portland Estates commits to rebuilding its Soho Square site in London
Great Portland Estates will redevelop its W1 Soho Square Estate into offices and Oxford Street retail, with completion targeted for summer 2030.
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what happened
Great Portland Estates plc (GPE) has committed to redeveloping its Soho Square Estate in the W1 area of London, according to a regulatory announcement carried by Reuters.
The project covers roughly 90,000 sq ft and includes 75,000 sq ft of Grade A offices plus 15,000 sq ft of premium retail along Oxford Street. Typical office floors will measure about 12,000 sq ft, a size in demand in the West End. Demolition is due to begin shortly, with completion aimed at summer 2030.
The site sits a few minutes' walk from Tottenham Court Road station and strengthens the company's position on the Elizabeth line, next to its buildings on Wardour Street and Dufour's Place. The company estimates that the market will be about 50% undersupplied through 2030.
why it matters
For London's commercial property market, the scheme signals that developers see a shortage of quality West End offices and are willing to invest in upgrades. For GPE investors, the project implies a long horizon, as returns are not expected until after 2030.
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instruments
sources
- REG - Great Portland Ests. - GPE commits to redevelopment of Soho Square Estate — Reuters, 21 October 2026 at 06:00 UTC
- GPE commits to Soho Square Estate redevelopment — Sharecast, 21 October 2026 at 06:28 UTC
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