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.”


Notes to editor

About Allsop

Allsop is an independent property consultancy with a market-leading reputation for high quality service and integrity, covering the UK from our offices in the West End, the City and Leeds. In addition to our position as the UK’s largest and most successful property auction house, we offer an extensive range of services for residential, commercial and mixed-use property.

We have the people, the skills, the experience and the drive to maximise value for our clients in any given market and like to do business in our own distinctive Allsop style – open, friendly and honest. Clients appreciate this, which is why so many stay with us over the long term.

In an unpredictable world, Allsop remains a reassuringly constant source of market knowledge, insight and expertise.

Visit: www.allsop.co.uk

Contact

For further information or supply of images contact:

SEC Newgate UK on 0203 757 6890 or allsop@secnewgate.co.uk

Leave a Reply

Your email address will not be published.