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The Business Magazine July 2024
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Oxford City Council approves Lothbury's plans for Clarendon Centre

The Business Magazine article image for: Oxford City Council approves Lothbury's plans for Clarendon Centre
26 April 2022

Ambitious development plans by Lothbury Investment Management, the investment managers of Oxford’s Clarendon Centre, to partially demolish the centre have been approved by Oxford City Council.

The proposals focus on transforming the shopping centre into a new 226,547 sq ft mixed use scheme comprising R&D laboratories, Grade A office space and student accommodation, as well as shops and restaurants. All units will be built to high sustainability standards. A new public square will be open to all, creating a green oasis in the city centre. Spill-out spaces for cafés will help make this a lively and enjoyable space.

The laboratory space comprises 50,279 sq ft, office space 103,259 sq ft, student accommodation 50,147 sq ft and retail and café space 22,862 sq ft.

Adam Smith, Executive Director of Lothbury Investment Management, said: “The Clarendon Centre is to undergo a major change of use which will transform Oxford city centre. This is an exciting opportunity to create a new work/life hub, bringing together academics, researchers, students and the local community in the city centre. We are delighted that the councillors have supported our proposals and shared our vision for the future of Oxford city”.

The redevelopment will include world-class laboratory space in partnership with Oxford Science Enterprises to provide serviced incubator accommodation for the burgeoning university spin-out sector, as well as offices and purpose-built student accommodation.

Work on redeveloping the Clarendon Centre is expected to begin this year, with the first phase completed by the end of 2024.


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Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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