The Verdean
Creative Land Trust takes space

Creative Land Trust takes space

07/10/2022 by Buildington
 
New transaction

Creative Land Trust is taking up to c. 4,600 sq ft of space on the ground and mezzanine levels at The Verdean in Acton, London W3.


The trust has signed a 999-year lease with Mount Anvil and Catalyst to ensure a long-term, affordable workspace for artists and creatives.


The space will fit up to 30 individual occupants and the studios will open their doors to artists in early 2026.


A full tender process will be run to identify the most suitable studio operator for the space.


The transformation of the Friary Park estate will offer existing residents larger, better-quality homes, and create over 1,000m2 of new retail and commercial space. There are 990 homes in the regeneration scheme that is just a minute’s walk from the new Acton Mainline Elizabeth Line Station.


The residents first will be moving into their homes in 2024. If you are interested in the new homes at this development, the studios, one and two-bedroom homes are launching soon at The Aster building.


Creative Land Trust's space will be adaptable and spread out over two levels to allow for a range of functions, giving creatives vital chances to meet, present exhibitions, and organise events to benefit the larger community.


Sadiq Khan, Mayor of London commented: "Our city is bursting with innovative talent and this expansion of the Creative Land Trust in The Verdean, Ealing, is a big step in the right direction."


Catherine Webster, Co-Chairs of the Creative Land Trust Board said: “CLT is proud to be able to provide long-term affordable studio space in the vibrant design district of Ealing. This work with Mount Anvil and Peabody bridges the gap between the property and creativity sectors. It demonstrates how cultural infrastructure can be embedded in London developments at an early stage, benefiting artists and the local community.”


Richard Smith, Regional Managing Director London NW, at Peabody, of which Catalyst is a subsidiary, said: “We are delighted to secure this long-term home for the Creative Land Trust. We are always keen to support the creative industry and bring arts and culture right to the heart of our developments and communities. Our partnership with Mount Anvil will do just that while providing much-needed, high-quality homes where residents can flourish. We look forward to seeing the plans come to fruition."


Marcus Bate, Partnerships and Communities Director at Mount Anvil, commented: “At The Verdean, we have been working hard with our friends at Catalyst to create a vibrant community for both existing and new residents. We’re committed to partnering with organisations that deliver for the local community, and so we’re delighted to be working together with Creative Land Trust to bring guaranteed affordable artistic spaces back into the heart of the Borough. As our plans for the site evolve, we’re excited about the long-term opportunities for residents we are creating together with our JV partners Catalyst.”


Gemma Dean, Development Manager at Creative Land Trust commented: “With one of London’s most active design districts and Creative Enterprise Zones less than a 10-minute cycle away, this is an exciting location to be establishing new, long-term, affordable creative workspace. We’re delighted to see these plans come to life and we are looking forward to continuing our partnership with Mount Anvil, Catalyst and the local community to offer affordable space for local artists and makers to thrive.”


Find out more about Creative Land Trust.


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