After more than 50 years the London College of Communication is considering a move away from its Elephant & Castle campus.
The London College of Printing – based at the Elephant since 1962 – was renamed the London College of Communication a decade ago.
Speculation about the college's future was fuelled this week by a report in the student-run newspaper Arts London News which claimed that bosses at the University of the Arts London were considering Stratford and White City as potential locations for a new campus to be shared by the LCC and its sister institution the London College of Fashion.
A spokeswoman for the University of the Arts London said: "Following the successful relocation of Central Saint Martins to Kings Cross in 2011, University of the Arts London is looking to make major improvements in the facilities available to students at all of its other colleges, including London College of Communication and London College of Fashion.
"We are considering a number of options which include a completely new site for both colleges but discussions are at an early stage and, whilst we are committed to major developments to enhance physical and technical facilities for the students of both colleges, discussions are at far too early a stage to allow us to make any decision as to whether London College of Communication will be redeveloped on its existing site or move to a new site."
Southwark Council leader Peter John told the SE1 website: "The LCC is at the heart of the Elephant and I want it to remain there. I'd be incredibly disappointed if they moved away from their historic home."
"They are a really welcome part of the community at the Elephant & Castle."
Last year head of college Natalie Brett claimed that a revamp of the existing campus would cost £80-£100 million. Architects Stanton Williams were appointed to draw up plans for the new-look college.