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@Fox
Old: Yardhouse at Sugar House Studios.
Hidden away off Stratford High Street, this affordable studio space was constructed for a grand total of £80k (which as someone with a building project which has gone horribly over budget, I can tell you is incredibly impressive for the size!). More info on it here:
http://assemblestudio.co.uk/?page_id=212
The Yardhouse is one of the projects which earnt Assemble, who built and manage it, a Turner Prize nomination: the first time a group of architects have ever been nominated for it I believe.
http://www.tate.org.uk/whats-on/tramway/exhibition/turner-prize-2015/turner-prize-2015-artists-assemble
New: Another award-winning building, just a (much) older one.