LSE acquired the Lincoln’s Inn Fields site in 2013 from Cancer Research UK and more recently held a design competition through the Royal Institute of British Architects to design a new faculty building. The winning design, drawn up by Grafton Architects, based in Dublin, has just received planning permission from Westminster City Council.
The new Marshall Building, built on the largest public square in London, will consist of ten stories and two basement levels. It will become home to the academic departments of Management, Accounting and Finance, in addition to teaching space, sporting facilities and research centres.
Further, it will house the new Marshall Institute for Philanthropy and Social Entrepreneurship. Named after Paul Marshall, a hedge fund investor who donated £30 million towards the project, the Institute aims to increase the impact of private contributions to public benefit. It will provide teaching and research, and allow collaboration in a forum of philanthropists and social entrepreneurs.
LSE is seeking to upgrade its estates to create a world-class campus to match its global reputation. The building will help enhance student experience, provide better resources for research and supply enhanced capacity for public engagement. This is the third time LSE has held a competition to design architecture for its campus. Although tendering has not yet commenced for the £140 million development, demolition of the existing building is due to start later this year, construction should begin next summer and completion is expected to be in early 2021.