LaSalle Investment Management and Trilogy Real Estate has announced the acquisition of the former London Metropolitan University buildings, 41-71 Commercial Road and the Met Works Building, in the Aldgate district of the London Borough of Tower Hamlets.
The estate includes 133,163 square feet of innovation and education space set inside two buildings on a one-acre site. The campus had previously been in use as workshops and teaching space for London Metropolitan University. LaSalle and Trilogy acquired the site from the Department for Education in a sale facilitated by the government-owned property company LocatED.
The building was acquired subject to over 40 percent of the space pre-leased to two providers of further and higher education: Nottingham Trent University’s Confetti Institute of Creative Technologies, and Access Creative College.
The refurbishment programme will create a pathway toward a major creative education centre in a growing area of Central