British developer Galliard Homes is to build a £140 mln (€163 mln) luxury residential property on top of a new Crossrail station in central London.
Situated above the new Tottenham Court Road Crossrail Interchange, the development named TCRW - an acronym for Tottenham Court Road West - will comprise 6,937 m2 of luxury apartments and 923 m2 of retail space, across two buildings on either side of the street.
Gillard has exchanged contracts for £43 mln (€50 mln) with Transport for London. The complex is slated to complete in 2022, a year after the much-delayed Crossrail project is expected to open.
The starting price for one of the residential units designed by the architect’s Hawkins / Brown, is more than 1 millon euros, the company announced.
Welcoming the development, 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 the firm, said: 'TCRW will provide world class apartments in an unrivalled location off Oxford Street in the heart of London’s West Endt. 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.'