• e-mail

An Asian tycoon has snapped up a mega-penthouse on Oxford Street for £21.4 million so he and his wife can have a 'London pied-a-terre' when they entertain friends in Chinatown. 

The sale of the huge home, which comprises of seven penthouses and private terraces, is the largest single residential property purchase by value on Oxford Street this year.

The billionaire, whose identity has not been disclosed, is a high-net-worth man from Asia and purchased the 'mega-penthouse' because of a desire to have a London 'pied-a-terre' in the West End.

He opted for the £140 million residential-led development, named TCRW SOHO, because when his family are in London, they 'do a lot of entertaining in nearby Chinatown'.  

The buyer intends to create either a single large penthouse for his family or to combine the penthouses into two units to allow space for guest accommodation.

If he opts for the former, the property within would become one of the West End's largest and most outstanding penthouses, providing 7,200 sqft of indoor space with an additional 1,000 sqft of private terraces.

The penthouse would also offer several reception rooms, up to eight VIP bedroom suites, a home cinema, library and exercise studio.  

The TCRW SOHO development, being constructed by Galliard Homes, is a £140 million residential-led development in London's Oxford Street

If converted into a single mega-penthouse, the property would be one of the largest and most outstanding in the West End

A view of a living area within a penthouse inside TCRW SOHO, which is not due for completion until the first quarter of 2023

A living and kitchen area inside a penthouse, which would be a short walk away from a number of London Underground stations

All apartments within the development come with a bespoke entertainment unit is equipped with an OLED Smart TV

A bedroom within the development accompanied by a balcony looking over the heart of Oxford Street in London's West End

The TCRW SOHO penthouse deal is the biggest single residential property sale by value to be done on London’s Oxford Street during 2021

The seven penthouses are accompanied by an additional 1,000 sqft of space in the form of private terraces that wrap around the bulilding

The £21.4m TCRW SOHO, developed by Galliard Homes, was unveiled at the end of 2019 and will provide 92 apartments and 9,939sqft of retail space.

The development comprises of two buildings, one is art deco in style providing 69 apartments and a 7,989 sqft Oxford Street retail unit, while the other will be Georgian-inspired in style, providing 23 apartments and 1,950 sqft of new retail accommodation and kiosks.

It is currently scheduled for completion in the first quarter of 2023. 

TCRW SOHO  is described as being inspired by hotel-style living and will treat its residents to a 'life of luxury'.

Each property includes bathroom technology, state-of-the-art integrated kitchen appliances and a bespoke entertainment unit that comes equipped with an OLED Smart TV.     

David Galman, sales director at Galliard Homes says: 'This landmark penthouse deal, the biggest sale on Oxford Street during 2021, underlines how Soho and Oxford Street are becoming one of Prime Central London’s most sought after residential addresses.

It is understood that the buyer intends to combine the purchased units to create either one or two large penthouses

The mega-penthouse would provide almost 7,220 sqft of luxurious living space complete with over 1,000 sqft of private wrap around terraces

Every property in the TCRW development comes equipped with Geberit AquaClean bathroom technology

The sale of the property is one of the largest residential sales to be achieved in London’s West End this year

The new development will also provide 9,939sqft of retail space for a new unit in the prestigious Oxford Street

The combined mega-penthouse would offer several large reception rooms, up to 8 VIP bedroom suites, home cinema, library and an exercise studio

TCRW SOHO will be perfectly positioned for easy, effortless access to the rest of the capital, and with the new Crossrail Interchange practically on the doorstep

'Pedestrianisation, Crossrail and Electric vehicles are the three ‘game changers’ which will make the West End a cleaner, much less congested and quieter place to live.'

Waleed Mohammed, founder & director of Merchants Row says: 'Merchants Row are delighted to have introduced the buyer for this major penthouse deal at TCRW SOHO.

'Our client liked the Prime Central London location of TCRW SOHO and was drawn to the development by the unique opportunity to buy off-plan and reconfigure the units into a bespoke residence or residences.

'The high quality of this flagship Galliard development and the specification by Argent Design make this one of the best residential opportunities in the West End.'