Foyles Bookstore

Charing Cross Road is being rebuilt. Brockton simply bought a 20 year, CPI-linked lease in the midst of it all.

Charing Cross Road used to be known for two things; a vast number of specialist bookstores, and the location of Central Saint Martins School of Art, one of the most famous art schools in the world. These two facts became intertwined recently, when Foyles bookstore moved in to the old Central Saint Martins building. Foyles, now part of the larger Waterstones bookstore group, operates their flagship store on a long term, inflation-linked lease.

The entire street is essentially being rebuilt around it:

• the new Crossrail station at Tottenham Court Road is completed and awaiting the new trains in 2022
• Derwent London’s Soho Place scheme is delivered in early 2022
• Consolidated Group and Blackstone’s immersive music, film and arts scheme, known as Outernet, is scheduled to complete in 2022
• and Soho Estate’s Ilona Rose House is scheduled to complete in 2022

Charing Cross Road will be Crossrail-connected, fully re-energised and a super prime block mid-way between Soho and Covent Garden in less time than it takes to read the Top Ten bestseller list.