Property & Construction

Life sciences developer moves for Debenhams building in Oxford

Published by
Stephen Emerson

Life sciences property developer Pioneer Group is close to sealing a deal for the former Debenhams department store in Oxford.

Reports suggest that a deal worth £30m for a 175 year long lease on the building is close to completion.

Located in 1 - 1 2 Magdalen Street, the three storey building was marketed to appeal to the research sector with the ground floor expected to remain as retail.

The building is owned by DTZ Investors which acts on behalf of Strathclyde Pension Fund.

Savills was appointed last year to market the long lease development

The Debenhams Oxford store closed in 2021 after the retailer went into administration.

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.

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