LBS unveils fundraising campaign with ?25 million gift

The campaign launch will cover seven cities in a three week period, including India

September 27, 2013 3:33 IST | India Infoline News Service
London Business School seeks support to help it write the next chapter of its story, with the announcement of its first comprehensive fundraising campaign - to raise ?100 million over the next five years. 
The School?s campaign is to fund the development of Old Marylebone Town Hall, attract world class faculty, double its scholarships offering, invest in the latest technology, and to develop an unrestricted fund in support of the School?s strategic priorities.
The campaign launch will cover seven cities in a three week period, including India. A series of high profile events, chaired by the School?s dean, Professor Sir Andrew Likierman and other prominent faculty and alumni, will set out the School?s vision for the future. 
Idan Ofer, industrialist and principal of the Quantum Pacific Group, has today pledged to donate ?25 million towards funding the redevelopment of the iconic Old Marylebone Town Hall, in London, which was acquired by London Business School in late 2012.
The cutting-edge teaching and learning facility will be named ?The Sammy Ofer Centre? in honour of Idan?s late father, Sammy Ofer KBE, a distinguished shipping magnate and philanthropist. 
The building will become an integral part of London Business School?s campus, creating a triangle of educational facilities between Sussex Place, the Taunton Centre and Old Marylebone Town Hall. The Town Hall, five minutes’ walk from the School?s Sussex Place and Taunton Place buildings, will transform the School?s future, providing a dynamic space where people can come together to test, share and apply new ideas and ways of thinking.
The plans, agreed late last year, involve the construction of an additional new three storey building complete with six new lecture theatres, a library, 35 seminar rooms, offices, staff and faculty suites, student lounge, broadcast facilities and a new alumni centre. Work is expected to start in early 2014.
The donation from The Batia and Idan Ofer Family Foundation was announced today to alumni of the School in the presence of Mr Ofer and Aviva Ofer, Sammy Ofer’s widow.
Professor Sir Andrew Likierman, Dean, London Business School, said: “This wonderfully generous gift will enable us to convert this iconic London landmark for use as a state-of-the-art teaching and learning facility. It will provide us with the space we need and enable us to achieve our vision of having a profound impact on the way the world does business”.
The Hon Apurv Bagri, London Business School’s Campaign Chairman and Deputy Chairman of the School?s Governing Body and Managing Director, Metdist Group, added: "I'm delighted that we are able to announce this gift as we launch the School’s first ever comprehensive fundraising campaign. It sends a strong signal about the power of the London Business School community. Not only will this gift help fund the transformation of Old Marylebone Town Hall but, critically, it lays the foundation for the School’s future?."

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