Serviced-office provider Argyll has acquired 33 Chancery Lane in London’s midtown, marking its first transaction since being bought by Crosstree Real Estate Partners.
The 23,000sqft property, spanning six floors, will undergo an extensive refurbishment, creating modern workspace tailored for small working groups that require a discreet, unbranded place to work.
The new design will cater to the evolving needs of today’s businesses, with a range of amenities, including private offices, breakout areas, wellness rooms and AV-enabled phone booths. The reimagined space will also feature a large open-plan lounge, extensive bike storage, and an outdoor terrace for collaboration and events.
John Drover, CEO of Argyll, said: “33 Chancery Lane is an ideal addition to Argyll’s portfolio of beautiful buildings across London.
“Positioned just moments from our property at Central Court, 25 Southampton Buildings, the building will offer small working groups even more choice of high-quality, flexible workspace in the highly desirable Holborn area.
“It was a pleasure working with The Honourable Society of Lincoln’s Inn and their adviser, Savills. We are thrilled to become custodians of this historic property and look forward to continuing a strong relationship in the future.”
Philip Symonds, investment director at Argyll, said: “This acquisition marks the next phase of growth for Argyll. We are looking to capitalise on high occupancy levels and sustained demand for high-quality, design-led flexible offices as we actively seek new opportunities in prime central London locations.”
Sean Arnold, founding partner at Crosstree Real Estate Partners, added: “Following the successful closing of the acquisition of Argyll in May, we are excited to be adding to the company’s owned portfolio for the first time in nearly 20 years.
“We look forward to working closely with management on the identification and refurbishment of additional suitable buildings across Central London.”
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