New 28,500 sq ft retail space with adaptable units coming to central London

  • 28,500 sq ft retail space in Marylebone
  • Loxton Walk launching in 2025
  • Central open-air courtyard for residents, workers and visitors
  • Kiosk retail units to flagship restaurants
  • Adaptable units from 300 sq ft to 5,800 sq ft
  • Sustainability credentials: WiredScore Platinum, BREEAM ‘Excellent’, EPC ‘A’
  • 48 cycle racks for retail occupiers
  • Partnership between Portman Estate and Derwent London

The Portman Estate and Derwent London have announced plans for Loxton Walk, a new retail and leisure destination in the heart of Marylebone. Scheduled to launch in 2025, Loxton Walk will offer 28,500 sq ft of retail space across 17 ground floor units, accessible via four avenues from George Street, Blandford Street, Gloucester Place, and Baker Street. The project includes a central open-air courtyard for residents, workers, and visitors. With kiosk retail units to flagship restaurants, adaptable spaces range from 300 sq ft to 5,800 sq ft, allowing brands to combine units for anchor stores. Loxton Walk is part of a wider mixed-use development between The Portman Estate and Derwent London, which also includes 206,000 sq ft offices on Baker Street and 12,000 sq ft workspace at 30 Gloucester Place. In line with their commitment to sustainability, Loxton Walk targets WiredScore Platinum, BREEAM ‘Excellent’, and EPC ‘A’ certifications, as well as providing 48 cycle racks for retail occupiers to support sustainable travel. Tom Knight, Portman Estate’s portfolio director, said the project highlights their efforts in building a successful neighborhood in central London. Philippa Abendanon, Derwent London’s head of leasing, added that Loxton Walk embodies their shared vision and ambition for exceptional places in London.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the launch of Loxton Walk, its location, size, sustainability features, and the partnership between The Portman Estate and Derwent London. It also includes quotes from representatives of both companies that support the announcement.
Noise Level: 2
Noise Justification: The article provides relevant information about a new retail and leisure destination in Marylebone called Loxton Walk, including details on its size, location, sustainability features, and the partnership between The Portman Estate and Derwent London. It also includes quotes from representatives of both companies. However, it lacks analysis or exploration of broader trends or consequences, and does not offer actionable insights for readers.
Financial Relevance: Yes
Financial Markets Impacted: The project will comprise 28,500 sq ft of new retail and leisure space, which may impact the commercial real estate market in Marylebone.
Financial Rating Justification: The development of Loxton Walk by The Portman Estate and Derwent London is a financial topic as it involves significant investment in property and commercial real estate. It also has the potential to impact local businesses and financial markets by creating new retail and leisure spaces, which may affect the performance of companies operating in these sectors.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.

Reported publicly: www.retailsector.co.uk