Collaborating with Developers, Local Authorities, Landowners & Architects
In order to sustain artistic production in London access to long term, low cost property is needed. This can be in a wide variety of buildings, including mixed-use developments.
To deliver studios at an end user (all in) price of £12-19 psf/pa studio providers need to rent the space from developers or landlords at total cost (inc service charge) of £6-9.50 psf / pa OR buy the shell and core site at £85-100 psf.
Typical terms sought:
Ideally an opportunity to purchase a leasehold. Purchase of shell and core (including final floor and facade) or fitted out as per studio providers specification.
Leases as long as possible, enabling the amortisation of upfront costs over a manageable period.
Rent: we aim to provide our artists with affordable studios on an inclusive rent. This means sub-market rents, which can be subject to 5 yearly RPI linked increases.
We expect to pay a service charge, in the range of £1.10 - £1.50 psf. The service charge needs to be capped at a low level, subject to RPI increases.
If you are an arts organisation, developer, architect, or local authority, and you would like LAASN to share a potential project site with all the associates in our network, we would be happy to pass on your project scope.