Flex and the City reports that London real estate heavyweight Crosstree has completed a landmark £330 million acquisition of Argyll, one of the city’s most prestigious flexible office operators, from sellers Alpine Grove Partners and The Baupost Group.

The deal includes a coveted 25-asset portfolio featuring Grade II-listed landmarks and contemporary offices across prime City and West End locations. The acquisition reflects growing institutional confidence in premium flexible workspace, with Crosstree’s founding partner Nick Lyle highlighting Argyll’s market-leading platform and the strong recovery of Central London’s prime office market post-pandemic.

Formerly known as London Executive Offices, Argyll has undergone several ownership changes and rebrands since 2018, most recently stabilizing under Alpine Grove and Baupost following a 2021 restructuring.

John Drover returns from retirement to once again lead Argyll (prev. London Executive Offices) into it’s post-pandemic recovery.

The article notes that the firm offers 30 premium flexible workspaces and hosts 8,000 professionals across the City of London (and surrounding regions), and claims the firm is London’s oldest office provider.

It also highlights this quote: “The brand credentials that a prime central London office brings cannot be replaced by a coworking space or remote model.”