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The Business Magazine July 2024
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Planning green light for Oxford city centre redevelopment

The Business Magazine article image for: Planning green light for Oxford city centre redevelopment
24 October 2024

A new aparthotel is set to come to Oxford city centre after Oxford City Council approved plans last week, it was reported.

City councillors green-lighted the plans from Marick Real Estate to redevelop 38-40 George Street (the site of an Odeon cinema) for a new 145 room aparthotel operated by Staycity for their premium brand Wilde.

The development is set to also include a new 400 sq m community space developed in partnership with Makespace Oxford.

Councillor Ed Turner, deputy leader and cabinet member for finance and asset management, said: "We are delighted to see these proposals, which will improve the Gloucester Green area and contribute towards the city’s need for more overnight accommodation and community space, and reduce the pressure to turn family homes into short term lets.

"It will also provide 24 new cycle spaces and public realm enhancements, alongside generating employment and apprenticeship opportunities, which will pay the Oxford Living Wage as a minimum."

Andrew Heselton of Marick added: "This is fantastic news for Oxford and supports the council’s policy to encourage more hotels to open in Oxford city centre to boost the city centre’s economy."


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Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.

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