Property Week
David Parsley

Almacantar begins transformation of Centre Point

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London’s landmark Centre Point began its revival today as developer Almacantar started work on its transformation.

The development will create 82 exclusive residential apartments and a new destination for London, complete with retail and restaurant space and centred on a new public piazza with an open air terrace overlooking the piazza and New Oxford Street.

Developed by property tycoon Harry Hyams in 1966, the Richard Seifert-designed landmark can be seen from all corners of the capital and is one of London’s original skyscrapers.

During construction, the Grade II-listed building will be wrapped in prints inspired by Centre Point and designed by Eley Kishimoto. Eley Kishimoto’s designs, which have featured on some of the world’s most famous catwalks for the likes of Louis Vuitton and Alexander McQueen, will take six months to erect and a further six months to take down.

Kathrin Hersel, development director at Almacantar, said: “The start of construction at Centre Point is a pivotal moment for a scheme which has been more than three years in the making. The project will breathe new life into this landmark, giving it a sustainable and exciting future for the benefit of all Londoners and visitors to the capital. The two and half-year build programme will come to fruition in time for the arrival of the new Crossrail station at Tottenham Court Road and we are delighted to be able to play an important role in accelerating the rebirth of this central London hub.”

As well as the refurbishment of the tower, there will also be the development of a new public square, delivering 41,780 sq ft of new retail space. A series of retail outlets, restaurants, bistros and open space will be built at lower levels and inside the bridge link – a walkway that connects Centre Point tower to Centre Point House. The bridge link, with its floor to ceiling windows, and an open terrace will overlook New Oxford Street, Oxford Street and St Giles Circus from above ground level.

The route to Covent Garden from Centre Point will be pedestrianised, with Centre Point being the ‘hub’ between four of London’s most dynamic neighbourhoods: Soho, Covent Garden, Bloomsbury and Fitzrovia.

The building is expected to be complete in the second quarter of 2017.

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