Oxford St property swap for GPE

Property firm Great Portland Estates (GPE) has swapped one of its properties on London’s Oxford Street for two others. The company has swapped its freehold interest in 79/89 Oxford Street with a private investor in return for a new 250-year leasehold interest at both 79/89 Oxford Street and the adjoining property, 73/77 Oxford Street. The acquired properties are located adjacent to the Dean Street Crossrail station that is currently being built.