LaSalle Investment Management and Trilogy Real Estate have let a further 19,000 sq ft at The Amp in Aldgate, East London, to the London College of Contemporary Arts (LCCA).
The letting to LCCA takes the organisation’s total footprint at the recently refurbished education and innovation campus, which is located at 41-71 Commercial Road, to 57,000 sq ft.
Chris Lewis, managing director, LaSalle value-add investments, said: “The expansion of LCCA within our exciting mixture of universities at The Amp, taking the campus to nearly full occupation within just over two years, is a real signal of the strength of the local offer and the demand for education-led innovation campuses in leading European gateway cities – especially in city-fringe locations like Aldgate.
“Helping to bridge the gap between infrastructure and real estate, The Amp remains an important part of LaSalle’s broader European value-add strategy. Projects like the Amp, which focus on new economy sectors such as mixed education campuses, urban accommodation, student housing, private medical facilities, and distribution and data centres, are only growing in importance and we are very proud to have partnered on it with Trilogy.”
Robert Wolstenholme, founder and CEO of Trilogy Real Estate, added: “At Trilogy our mission is to deliver the next generation of leading innovation campuses – campuses that mix exceptional education assets with high-quality shared amenities for business and the community. The fact that we have been able to turn around the refurbishment works and secure a nearly fully let building within just over two years from site acquisition is a testament to the level of demand for this type of campus in what has otherwise been a challenging market.
“It also reflects the huge amount of work that has gone into delivering truly bespoke and end-user-oriented facilities for our occupiers, their students, and the local community. We look forward to LCCA’s expanded presence, and what this means for welcoming even more students on site to join what is fast emerging as a leading hub for business, technology and creativity.”
Allsop and DLA advised Trilogy and LaSalle on the letting.
