FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
Crosstree Real Estate Partners has acquired London-focused premium serviced office business Argyll from Alpine Grove Partners and The Baupost Group.
Argyll is a provider of high-end serviced offices in London, with over 25 years of market experience. It offers a range of exclusive private offices, co-working spaces, virtual office services and meeting spaces.
Argyll operates a portfolio of 25 unique assets in prime office locations across London, including a mix of iconic listed buildings and high-quality modern office buildings. Ten assets within the portfolio are owned outright by the business, primarily located in the West End and City core, including the Grade II listed 33 St James’s Square.
The business has been successfully stabilised over the last five years under the leadership of CEO, John Drover, and is well positioned for future growth through planned refurbishments within the existing portfolio as well as new site acquisitions.
Nick Lyle, Founding Partner at Crosstree, commented: “We are excited to acquire a market-leading platform underpinned by best-in-class prime assets with a proven ability to operate through a number of office market cycles. We look forward to working with the experienced management team to grow the business against the backdrop of a Central London prime office market that has recovered strongly since the end of the pandemic. We expect continued strong momentum for prime offices driven by further ‘flight to quality’ by occupiers and limited new supply.”
Workplace management solutions provider, Matrix Booking, has published a new free guide on how to create workspaces that meet the demands of the current and future workforce.
For those businesses looking to encourage more employees into the office, or wanting to improve their experience overall, ‘How facilities and workplace managers can shape the office of the future’ provides insights and the tools you need to ensure your environment meets the changing nature of employee preferences, employer requests, and evolving styles of work.
To download the guide click here.
