Galliard Homes has completed the purchase from TfL of TCRW Soho, a £140 mln (€161 mln) residential-led development on London’s Oxford Street.
The developer will now start the £55 mln, two-year construction project for the scheme which will deliver 92 apartments and 9,939 sq ft of ground floor retail space, situated above the new western entrance to the Elizabeth line.
Savills acted for TfL and helped to negotiate the purchase agreement with Galliard Homes.
TCRW Soho is scheduled for completion in summer 2023 and will comprise two new buildings, one in Art Deco style providing 69 apartments and a 7,989 sq ft Oxford Street retail unit, and the other Georgian-inspired in style, providing 23 apartments and 1,950 sqft of new retail accommodation and kiosks.
TCRW Soho is already over 50% forward-sold off plan, with over £75 mln worth of sales.
