Historic building in the heart of Chancery Lane set for extensive refurbishment following acquisition by London’s premium serviced office provider, Argyll
Argyll has announced the acquisition of 33 Chancery Lane, a 23,000 sq ft property located in one of London’s most historic and prominent streets. The building, set in the heart of London’s midtown, is the first transaction for Argyll following their recent acquisition by Crosstree Real Estate Partners. It comes amid a growing demand for high-quality flexible office space in prime London locations.
Spanning six floors, the property 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.
Backed by a strong investment plan following Crosstree’s acquisition of the business, Argyll is ready to secure new properties that align with its premium, design-led offering. While acquisitions form a key pillar in Argyll’s growth plans, the business is also investing in its existing portfolio. An upgrade programme will enhance amenities, design, and sustainability, ensuring the company maintains its best-in-class offering.
John Drover, CEO of Argyll, comments: “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, comments: “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 commented: “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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