UCL acquires new space on Hampstead Road
20 February 2013
UCL has agreed terms with Derwent London (DL) to acquire new office and warehouse space at 132-140 Hampstead Road, just north of Euston Road and the university’s historic main campus. UCL has also taken on a lease for the adjacent space, currently used as a petrol station. UCL’s lease on the property will run from March 2013 until September 2018.
UCL plans for the space include rehousing The Bartlett School of Architecture during the two-year refurbishment of its Wates House home and rehousing the Bartlett’s model making and workshop activities from their current temporary home at the Royal Ear Hospital. 132-140 Hampstead Road will also help meet other demand for space while UCL progresses with its ongoing Bloomsbury Masterplan, which aims to develop and improve the university‘s estate to ensure it best meets the needs of a modern university.
132-140 Hampstead is currently empty, but was previously used by UCL as warehouse space. The planned High Speed 2 rail link (HS2) will eventually pass through the site after expiry of UCL's lease, but should HS2 be delayed there will be an option for UCL to extend the lease beyond 2018.
Andrew Grainger, UCL’s director of estates, said: “132-140 Hampstead Road represents an excellent opportunity for us to deliver additional space in a convenient location adjacent to our Bloomsbury campus. The current deal gives us the space until 2018, but with potential to extend that should the HS2 project be delayed. “The volume of space was very attractive to us, notably because it will enable us to concentrate much of the work of the UCL Faculty of the Built Environment, currently spread over a range of locations, on the new site.”
Media contact: Dominique Fourniol