Galliard secures loan for Tottenham Court Road station flats

Galliard has obtained a £76m loan from Natwest and Leumi UK, the London subsidiary of the Israel-based bank, to complete its residential development above Tottenham Court Road station, WC1. The scheme comprises 92 flats across two blocks on Tottenham Court Road West. These are a mix of one, two and three-bedroom homes and studio apartments. The lenders are providing a 50:50 club facility to fund the development, called TCRW Soho. It is the second time the pair have struck a deal with Galliard, after teaming up to finance the Orchard Wharf development last year. Stephen Conway, chairman and chief executive at Galliard, said it “has been great to receive the continued support of both Leumi UK and NatWest” in “a challenging period for the industry”.   To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette Image © Galliard Homes