Yes, LAMDA or the London Academy of Music and Dramatic Art is the next building west of the studios after Colet House, or more precisely it is a complex of three buildings.

LAMDA Building Main Entrance
The institutions that combined to form LAMDA actually date from 1861 and include the London Academy of Music making the Academy one of the oldest of its kind. It moved here in 2003 (the site was formerly occupied by the Royal Ballet School, see my earlier entry on Margot Fonteyn).
For us the school has two advantages. Firstly, there are constantly new productions to check out right in front of our door (see for upcoming productions on LAMDA’s site here). And secondly, they have some grand plans for the site. They chose Niall McLaughlin Architects and came up with this exiting idea:

The new building!
I will be coming back for some more drama even when it is not next door anymore…
