One Newman Street
Boom Battle Bar takes space at 70 Oxford Street

Boom Battle Bar takes space at 70 Oxford Street

07/07/2021 by Buildington
Great Portland Estates has pre-let 15,200 sq ft of retail space at 70 Oxford Street to competitive socialisation operator Boom Battle Bar offering a unique leisure and gaming experience with a variety of activities, cocktails and street food.

The company has agreed to a 15-year lease (without break) at an initial minimum rent of £625,000 per annum (plus a turnover top-up). They will receive 6 months’ rent free plus a landlord contribution of £500,000. The letting is conditional upon obtaining a change of planning use and an alcohol licence.

Boom Battle Bar will occupy part ground and the entire lower ground floor.

Marc Wilder Leasing Director commented: "Retail is evolving to become more experiential and we’re delighted that BBB has chosen to open their first central London venue in our best in class development which is located directly opposite Crossrail in the most vibrant part of Oxford Street with adjacencies to Soho, Fitzrovia and Covent Garden. The quality and location of the building are clearly resonating with both retail and office occupiers alike and we have encouraging interest in the remainder of the space."

Rich Beese Co-founder Boom Battle Bar: "Securing a prime site like this is as good as it gets in our industry. Working with Great Portland Estates has been a breath of fresh air and corner-stoning our business in a development of this quality is a dream come true for all of us working at Boom Battle Bar. This site brings us a step closer to our strategic vision of becoming the UK’s preeminent experiential leisure company, and we are confident that our uniquely competitive offer, will resonate deeply with customers in London."

Four brand new double height flagship stores totalling 25,900 sq ft and 41,630 sq ft of Grade A offices now remain at the development. Contact Kenningham Retail and Nash Bond for retail space and Colliers and Knight Frank for offices.
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