Virgin Media O2 opens new flagship on Oxford Street

Virgin Media O2 opens new flagship on Oxford Street

Virgin Media O2 has opened the doors to its latest flagship store at 142–144 Oxford Street, marking a strategic relocation from its previous premises just a few doors down. The move sees the leading telecoms provider join a growing line-up of big-name brands on London’s most iconic shopping street – including neighbour Holland & Barrett, who relocated earlier this year – choosing to remain on Oxford Street while upgrading their presence within The Langham Estate and Fitzrovia Quarter. The new store places O2 closer to Oxford Circus and the recently opened IKEA — central London’s first, and a long-anticipated arrival. It also positions the brand next to The Ribbon, a major mixed-use development completing in Q4 2025.

Oxford Street’s retail revival continues to gather pace, with vacancy rates at historic lows and demand for space showing no signs of slowing. According to Savills, the retail vacancy rate across the street dropped to just 0.5% in Q1 2025 – the first time it’s fallen below 1% since Q1 2019 – as major brands compete for prime spots on one of the world’s most recognisable shopping destinations. With renewed occupier confidence, continued investment, and a pipeline of international names entering the market, momentum is shifting firmly back in Oxford Street’s favour – particularly around key hubs like Oxford Circus.

The relocation reflects a wider trend of retailers repositioning to strengthen footfall and visibility. For The Langham Estate, O2’s arrival adds to a growing list of established brands opting to stay on Oxford Street while upgrading their presence – a signal of confidence in the area’s ongoing revival and lasting appeal.

Malcolm Cohen, Director of Leasing and Marketing at The Langham Estate, said: “Virgin Media O2’s move is a great example of how brands are doubling down on Oxford Street. Rather than leaving, they’re investing – upgrading their presence and positioning themselves for what’s next. With our central location and growing retail mix, we’re seeing more of this kind of smart, strategic shift.”

Spanning 5,200 sq ft over two floors and powered by a brilliant team of 30 expert advisers, the new store has been designed to put experience and innovation at the heart of every visit. It’s the first Virgin Media O2 location to feature live TV demo capabilities, alongside interactive discovery zones where visitors can explore the latest products, entertainment tech, and more. The space also offers hands-on support and personalised service — all part of the brand’s ongoing commitment to physical retail.

Situated between Tottenham Court Road and Oxford Circus stations – and benefiting from high-speed connections via the Elizabeth Line – the store is well placed to serve local workers, Londoners, and tourists alike. As footfall across this stretch of Oxford Street continues to build, The Langham Estate’s blend of retail, workspace, and lifestyle brands is proving increasingly attractive to occupiers seeking long-term opportunity.

O2 joins a growing line-up of recent signings on The Langham Estate spanning wellness, fashion, and food – reflecting broader consumer demand for destinations that balance convenience, quality, and experience.

For more information on retail opportunities at The Langham Estate, visit langhamestate.com.

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