At the end of last year, The Open University approached TSP with their property conundrum.
Problem:
With more of their work shifting to the digital sphere post-pandemic, they no longer required their Camden administrative base which they had occupied since 2002. The circa 20,000 sq ft prime office, a short walk from Camden High Street and Camden Market, had a long-term lease which the OU needed to assign.
Before it was placed on the market, TSP introduced the building to iconic retailer, Dr. Martens. The bootmaker recorded booming sales in 2021, with total revenue up 15% and increasing London staff numbers during the pandemic. With their design studio and experiential flagship store a short stroll away, we knew this was their stomping ground.
Solved:
And the rest is history. Acting on behalf of The Open University, TSP successfully facilitated the office lease assignment to Dr. Martens as new long-term occupier. This successful off-market transaction helps to reduce the university’s operating overheads and restructure their property portfolio. In the process, it has also saved them over £5 million in occupancy costs.
For Dr. Martens, established in Camden Town in 1958, the new space is an extension of their existing NW1 boot-print and assertion of cultural heritage. It showcases their highly impressive, continued business growth and resilience during one of the most challenging periods faced by the retail industry.
We’re proud to have facilitated this off-market transaction, scoping out property opportunities and repurposing modern office space. A win-win for all parties involved.
The transaction completed in Q4 2021 and shows that demand for office space is alive and boot-kicking.
Featured Stories & Insights

TSP Re-certified as a B Corp
LONDON, 7th July 2025 – TSP, a multi‑award‑winning investment and real‑estate asset manager headquartered in...
Read More
TSP CEO Zac Goodman Named Property Leader of the Year at Property Week Awards 2025
LONDON, 2nd July 2025 — TSP is proud to announce that CEO and founder Zac...
Read More
As Featured in: Flex and the City | How Zac Goodman made his mark in third sector property
TSP Founder and CEO Zac Goodman shares his remarkable journey. From analysing interest rates at...
Read More
TSP and NORNORM Collaborate to Redefine Office Spaces in London
LONDON, 17th June 2025 – TSP, a leader in property and community management, has announced...
Read More
6 Mistakes to Avoid in Property Maintenance
Property management and maintenance can be a seamless process. But small errors can quickly escalate...
Read More
5 Common ESG Requirements and How To Address Them
As ESG considerations become a driving force in business, organisations are under increasing pressure to...
Read MoreView all