Allsop is marketing the two-acre Freehold site in Shepherd’s Bush for £42.5 million
Leading property consultancy Allsop has launched the sale of the two-acre London College of Fashion campus, part of the University of the Arts London (UAL), for £42.5 million.
40 Lime Grove in Shepherd’s Bush provides 104,321 sq ft of accommodation across four blocks spread over a two acre site. Currently home to UAL’s London College of Fashion, on-site facilities include lecture theatres, auditorium space, seminar rooms, design studios and offices. The freehold to the property, which will be vacant by the end of 2023, is being exclusively marketed by Allsop and is expected to sell in excess of £42.5 million.
UAL is consolidating London College of Fashion’s campuses into one, located in Stratford, and is therefore vacating the site in Shepherd’s Bush that has educated many of the school’s notable alumni. Lime Grove is within a short walking distance of a new education hub that is part of the White City regeneration, which is creating an innovation district for life sciences, tech and creative, as well as education and research organisations including Imperial College London. It is also subject to major regeneration including Westfield Shopping Centre, Soho House and around 3,000 residential units.
London is home to 23 universities, including two in the top ten universities in the world (Imperial College London and University College London – QS World University Rankings 2022), and has been ranked as the best city in the world for international students (QS Best Student Cities).
Nick Pemberton, Partner at Allsop, said: “This is an exceptional opportunity for UK and international investors to acquire a two acre site in central London where two-thirds of the built space has circa four metre ceiling heights. 40 Lime Grove is likely to attract bids from international schools and universities keen to benefit from the UK capital’s outstanding academic credentials and student market, as well as other possible uses which may include the growing life sciences sector.”