Galliard has acquired the £140m Tottenham Court Road West (TCRW) residential & retail scheme on Oxford St in London’s West End
As part of the acquisition, Galliard has exchanged contracts with TfL for £43m for the landmark over-station development above the new Tottenham Court Road, Elizabeth Line Western entrance.
Galliard will now begin construction of the 92 private sale, premium apartments and penthouses fronting onto Oxford Street.
Tottenham Court Road West will comprise 9,939 sq ft of ground floor luxury retail space, a Crossrail entrance and ticket hall and enhanced public realm.
The masterplan for TCRW was designed by architectural practice, Hawkins\Brown and the interior by Argent Design.
The project will take 2.5 years to construct, with a schedule for completion in summer 2022.
Luxury residential apartments
The project involves two architecturally contrasting apartment buildings, accessed from Fareham Street, the boulevard which separates them. The first, overlooking Oxford Street is a six-storey Art Deco building, inspired by Lutyen’s 1938 Pantheon building. It will provide 69 studio, one, two and three-bedroom apartments and 7,989 sq ft of retail space.
The second, five-storey building overlooking Dean Street was inspired by the historic Georgian townhouses synonymous with adjacent Soho. It will provide 23 one, two and three-bedroom apartments.
The majority of apartments in both buildings will feature private exterior space ranging from covered balconies to extensive sun terraces for the larger apartments and penthouses.
The new Crossrail Interchange at Tottenham Court Road is set it become operational by the end of 2021 will be one of London’s busiest stations. The interchange will offer access to the Elizabeth Line and the Northern and Central underground lines.
The Elizabeth Line will have the capacity for up to 24 high-speed trains per hour, serving up to 170,000 passengers daily.
Stephen Conway, executive chairman of Galliard Homes, said: “Built in 1927 Chiltern Court at Baker Street was London’s first integrated residential, retail and underground scheme.
“Almost 100 years later Galliard’s new integrated scheme at TCRW will offer discerning buyers a cutting edge 21st Century version of the same concept with all the benefits that regeneration and Crossrail will bring.
“TCRW represents an exceptional and rare investment and lifestyle opportunity.”
Don O Sullivan, chief executive of Galliard Homes, added: “TCRW will provide world class apartments in an unrivalled location off Oxford Street in the heart of London’s West End.
“Galliard’s new apartment buildings are integrated with the Crossrail Interchange offering residents easy access to London Heathrow, Canary Wharf and locations such as Bond Street and Liverpool Street.”
Galliard Homes are launching the first phase of 81 apartments at TCRW for sale. A future phase of upper penthouse apartments will be launched as part of a second phase. Prices are from £899,000 for a studio apartment and from £1,300,000 for a one-bedroom apartment.
