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Trilogy

Trilogy Real Estate and LaSalle Investment Management Announce Lettings at East London Creative Campus Republic

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Trilogy Real Estate and LaSalle Investment Management Announce Lettings at East London Creative Campus Republic

Threepipe, The Gentlemen Baristas and Horticulture on board as the scheme’s first phase nears completion

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Real estate investment and development business Trilogy Real Estate and LaSalle Investment Management, the leading real estate investment manager, today announced four lettings at Republic, the next-gen workplace campus in East India Dock aimed at companies priced out of Central London and Shoreditch.

Threepipe, an independent and award-winning full-service digital agency which counts Nike, The England & Wales Cricket Board and Sweaty Betty among its clients, has shifted its 80 plus staff from Covent Garden to the campus, taking 6,000 sq ft of office space.

Horticulture, a restaurant launch led by chef Marc-Antoine Bodin, will create an independent food offer to coincide with the full launch of the project this spring. Alongside the 2,900 sq ft restaurant, Horticulture will source food locally, including from an on-site garden, and feature a flower shop alongside retro hi-fi systems and all-day DJs.

The Gentlemen Baristas, the coffee start-up near Borough Market, favoured by bloggers and known for its barista school, has announced it will open its fourth café at Republic with a deal for 3,100 sq ft, offering top-quality coffee from its on-site roastery. Its other outposts are at The Building Centre in Bloomsbury and The School House, based at Jerwood Space.

 Hadley, an East London accountancy firm, has also taken 1,000 sq ft of space in Anchorage House.

Robert Wolstenholme, Managing Director of Trilogy Real Estate, said:

“Republic is already attracting young businesses priced out of central London and Shoreditch, and with this series of lettings we are setting the tone for our new creative neighbourhood – a place for our tenants to work, collaborate, innovate and play. Studio RHE’s reimagining of the building and The Trampery’s community management will be catalysts when the building launches fully in May.”

Jim Hawker co-founder and director of Threepipe said:

“Ridiculous rents and rates of central London have forced us and many other creative agencies to look elsewhere to settle and run our businesses. Republic is designed for creative businesses, is competitive in rates and will be a place where our business can expand and grow. We have fast access into the West End and have more flexibility to spend our hard earned money on things other than rent and rates by investing more money into staff training, developing our own IP and attracting talent and clients.”

Republic is already home to The Trampery co-working space and Deliveroo’s East London recruitment hub. Average quoting rents for Republic are in the mid-£30s a sq ft, depending on floor and location in the building.

Republic aims to stem the tide of young companies leaving London by creating 600,000 sq ft of truly affordable workplace that meets contemporary professional and personal needs, with a focus on the core values of creativity, connectivity and affordability.

The first phase of the masterplan include is the transformation of Anchorage House in to 225,000 sq ft of substantially refurbished space with a co-working space. The plans by award-winning architect Studio RHE completely transform the existing first-generation Docklands office development to create a dynamic environment that embodies contemporary work practice.

Extensive landscaping is underway, replacing the streets of the original 1990s development, using planting, open water and trees to create a series of external spaces defined by timber porticos and colonnades.

Updates can be found at https://republic.london/ and @RepublicLDN.

Trilogy Real Estate and investor LaSalle Investment Management have retained Allsop and CBRE as office agents and CF Commercial and CBRE as retail agents for the scheme.

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Trilogy's 2017

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Trilogy's 2017

From the upcoming completion of Phase I at Republic in East London, to revealing plans for the Great Northern Warehouse in Manchester, to hiring new members of staff, Trilogy has been extremely busy throughout 2017.

At the start of the year, Trilogy Property Ltd became Trilogy Real Estate LLP as Trilogy formed a partnership. Speaking about the development, Robert Wolstenholme said "Trilogy’s strength [is] in unlocking value from unloved assets through creative repositioning. We are now actively seeking built assets or joint-ventures, where transformational mixed-use schemes can respond to fast-moving trends in work, retail and leisure.”

2017 has seen fantastic progress on Republic in London's East India Dock. The building has been transformed from a tired office campus in 220,000 sq ft of office, retail and restaurants to create a radically transformed workplace experience. Republic has already attracted an impressive range of tenants, such as The Trampery (named one of the best co-working spaces in London by the Evening Standard and The Wharf), Deliveroo, Threepipe (an award-winning full-service digital agency from Covent Garden), and the British Journal of Photography. Trilogy hosted a soft launch of Republic for agents at the beginning of December. With Phase I almost complete, permission has also been granted for work to begin on Capstan House, the second phase of the development. Take a look at the transformation below:

There has also been plenty of progress at the Great Northern Warehouse in Manchester during 2017. In August, Trilogy revealed plans for the Great Northern, including a green public space, a new pedestrian street, and high quality residential accommodation. The feedback was overwhelmingly positive and over 200 people came to view the public exhibition. The plans were drawn up by a team of consultants that includes masterplanner Will Alsop’s aLL Design, architect SimpsonHaugh, Altrincham-based landscape specialists Planit-IE and interior architect Johnson Naylor. Take a look at the plans below:

Trilogy has also welcomed new members to the team: Mike Pashely as Chief Financial Office and Laurence Jones as Head of Asset Management. 

With so much progress being made, Trilogy look forward to keeping you up-to-date on all the developments that occur in 2018.

Take a look at some of our favourite photographs of the year below.

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Robert Wolstenholme on London Theatre

Trilogy's founder, Robert Wolstenholme, was recently interviewed by the Swiss TV channel RTS for their piece on theatre in London and the industry’s growth throughout the past decade.

You can watch the clip below, which also features Nick Starr and the Bridge Theatre. 

A translation of Robert's statement: “If you can have a great theatre with fantastic content, which brings people in, that starts to create an economy, and you can sustain some restaurants. Then you can get some office workers there, and then people want to come and live there, and you get what a city is all about: live, work, play.”

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Trilogy Appoints New Head of Asset Management

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Trilogy Appoints New Head of Asset Management

Trilogy Real Estate LLP, the value-add investment and development business founded by Robert Wolstenholme, has announced Laurence Jones as its new Head of Asset Management.

Jones joins from Picton where he was Senior Asset Manager. He was previously an Assistant Fund Manager at CBRE Global Investors, and a Central London Retail Agent at Dalgleish /CBRE. 

Robert Wolstenholme said: “We are delighted that Laurence Jones has joined Trilogy.  He brings significant depth to our asset management team as we continue to pursue our mixed-use, hands-on real estate strategies in the most dynamic cities and neighbourhoods of the UK."

The appointment further bolsters the 10-strong team which is currently on site with schemes in East London and Manchester, and is actively seeking new opportunities to reposition tired or overlooked assets to create contemporary workplaces and mixed-use destinations.

The news comes as Republic at London’s East India Dock, with investors LaSalle Investment Management, prepares to launch its first phase. The scheme has already attracted tenants such as Deliveroo and creative co-working space Trampery.

Great Northern Warehouse in central Manchester, backed by Peterson Group of Hong Kong, is set to submit for planning in Autumn 2017.

We are very happy to welcome Laurence Jones to the Trilogy team as our new Head of Asset Management.

A post shared by Trilogy Property (@trilogyproperty) on

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Trilogy Appoints New Director and Forms Partnership

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Trilogy Appoints New Director and Forms Partnership

Trilogy, the investment and development business founded by Robert Wolstenholme, has appointed Mike Pashley as chief financial officer.

Pashley is a chartered accountant and was European finance director for 17 years with AREA Property Partners, which was acquired by ARES in 2013.

The move sees Trilogy Property Limited become Trilogy Real Estate LLP, a partnership with a 12-strong team offering such services as asset management, place making, deal analysis and finance.

Wolstenholme and Pashley will lead Trilogy’s drive to acquire new opportunities to reposition tired assets to create contemporary workplaces and mixed-use schemes. The company is seeking to deploy up to £300m of equity on assets of between £20m and £50m.

It will focus on the London fringe and prime regional cities, adding to its existing portfolio in these locations. Current Trilogy schemes include Republic at London’s East India Dock with investors LaSalle Investment Management; and Great Northern Warehouse in central Manchester, backed by Peterson Group of Hong Kong.

Trilogy’s collaborators include designer Tom Hingston of Hingston Studio, whose clients have included Dior, Alexander McQueen, David Bowie and the Rolling Stones; and Andrew Hale, a brand strategist and BAFTA-winning musician. Trilogy has also worked with Nicholas Hytner and Nick Starr on the development of a new theatre near Tower Bridge for the London Theatre Company.

Robert Wolstenholme said: “Mike brings extensive experience in private equity real estate, to complement Trilogy’s strength in unlocking value from unloved assets through creative repositioning. We are now actively seeking built assets or joint-ventures, where transformational mixed-use schemes can respond to fast-moving trends in work, retail and leisure.”

 

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