A retail-led development is reportedly being proposed on the Mount Royal part of London’s Oxford Street.
The area between Portman Street and Old Quebec Street is owned by The Portman Estate and Great Portland Estates.
The owners have already hired architects to draw up plans, which could involve 100,000 sq ft of retail space.
“We are exploring an opportunity with our stakeholders to create a new major retail-led development on Europe’s busiest shopping street,” The Portman Estate said.
“Make Architects has been instructed to help look at the various options for the site. Nothing has been agreed at this early stage, but it will be a mixed-use development. This is a potential scheme for the mid-2020s.”