LaSalle and Trilogy secure tenant for Aldgate education campus

LaSalle Investment Management and Trilogy Real Estate have signed a deal with the London College of Contemporary Arts at their new education campus in Aldgate, E1. The LCCA will occupy 37,000 sq ft across two floors of the refurbished 135,000 sq ft campus, known as the Amp. LaSalle and Trilogy acquired the former London Metropolitan University site at 41-71 Commercial Road from the Department for Education in a sale advised by the government-owned property company LocatED in 2022. The site was acquired with two prelets to Nottingham Trent University’s Confetti Institute of Creative Technologies and Access Creative College for a combined 55,000 sq ft. The new site provides specialist facilities including recording studios, performance space and an arena for gaming and esports. Refurbishment at the site was completed in less than a year. The refurbishment follows Trilogy and LaSalle IM’s 2015 partnership to transform Republic London into an education campus with more than 15,000 students attending six universities and private education providers. The mixed-use development was granted approval for its next phase in 2023. This will include 715 purpose-built student accommodation rooms and a data centre. Chris Lewis, managing director of value-add investments at LaSalle, said the Amp “is part of LaSalle’s broader European value-add strategy, bridging the gap between infrastructure and real estate, with a focus on new economy sectors including urban accommodation, student housing, private medical facilities, distribution and data centres.” Robert Wolstenholme, founder and chief executive of Trilogy Real Estate, said: “The Amp is the latest example of our strategy to develop the best innovation campuses in the country”. Allsop advised Trilogy during the leasing to LCCA. James Andrew International acted for LCCA. To send feedback, e-mail chante.bohitige@eg.co.uk or tweet @bohitige or @EGPropertyNews Image from PR View more deals in E1 >>