Two Temple Place, a gallery that will showcase art from regional collections, will open next month at a neo-Renaissance mansion in London.

The opening show will feature highlights from the collection of the William Morris Gallery in Walthamstow, which closed in April for a 15-month renovation.

It will run from 27 October to 29 January 2012. The Bulldog Trust, which bought the building in 1999, has funded the refurbishment of the space. It plans to hold regional art shows annually.

The trust’s chief executive Mary Rose Gunn, said revenue streams were being sought for the project. “We are very excited to be talking to a few organisations – collections, curators and potential partners – about the second exhibition, which will open in 2013.”