Workplace Creations lands £12m job to reposition Tottenham Court Road offices as BEAT TCR

Workplace Creations has been appointed by investor BPS Purestone to deliver a £12m redevelopment of 85 Tottenham Court Road in Fitzrovia, central London, repositioning the office building under the name BEAT TCR.

The fit-out and refurbishment contractor said work started on site in September 2026, with practical completion scheduled for the second quarter of 2027.

According to Workplace Creations, the scheme involves structural alterations and what it describes as an additional floor to increase usable space, a bronze facade and new glazing. Inside, the building will get a redesigned reception, a rooftop clubhouse, end-of-trip facilities and a mix of CAT A and CAT A+ office space.

New mechanical, electrical and plumbing systems and upgraded lifts are also included. The contractor said the project is targeting BREEAM Excellent and an EPC B rating.

Rishi Khurana, Co-Founder at BPS Purestone, said: "BEAT TCR represents an important step for us as we establish our presence in the London market and build a portfolio of £500m GDV over the next 3 years."

The project team

Quartz is project manager, with HUT Architecture as architect, ChapmanBDSP on building services engineering, Elliott Wood on structural engineering, Studio GB on landscape design and DAMA on fire engineering. Cushman & Wakefield has been appointed as joint agent, Workplace Creations said.

The building and its sale

The press release refers to the property as 85 Tottenham Court Road. Derwent London, Cynergy Bank and BPS Purestone's own portfolio page all name the asset 80-85 Tottenham Court Road.

Derwent London announced on 6 February 2026 that it had exchanged contracts to sell the freehold for £32.6m before costs, a capital value of £755 per sq ft. The seller said the property comprises 28,300 sq ft of offices over six floors plus four ground-floor retail units, 43,300 sq ft in total.

Derwent London said the sale was at a premium to its June 2025 book value and was scheduled to complete in June 2026. It described the purchaser as a joint venture between Purestone Capital and BPS London, both private investors.

Paul Williams, Chief Executive of Derwent London, said: "Investor demand for smaller value-add assets remains strong, which supports our disciplined approach to realising value."

Cynergy Bank said on 5 August 2026 that it had provided senior financing for the purchase, which it described as BPS Purestone's first acquisition, led by Mahir Vachani and Rishi Khurana alongside joint venture partner RevCap. The bank said the asset would undergo an extensive refurbishment and repositioning programme aimed at knowledge-economy occupiers in Fitzrovia.

BPS Purestone describes itself as a platform investing in office, residential, retail and hotel real estate. Its website puts total gross development value developed and in the pipeline at £275m and lists Khurana and Vachani as managing partners, with Gary Allin as construction director.

The contractor

Workplace Creations describes itself as a design, build and project management company founded in 2003, delivering office fit-outs, refurbishments and building transformations across the UK from offices in London, Reigate and Bristol. Companies House records show Workplace Creations Limited was incorporated on 2 October 2002 and is registered at Vintage Yard, 61 Bermondsey Street, London SE1 3XF.

The company has said it is forecasting turnover of more than £60m in 2026, up from £42m in 2025, and is working towards £100m within three years. Colin Negus joined as Operations & Delivery Director in September 2025.

Practical completion of BEAT TCR is scheduled for the second quarter of 2027.