UK opportunity fund manager Crosstree Real Estate Partners is in talks to buy flexible office business Argyll Club for about £330M, as the company also refinances an £800M West End luxury hotel and office asset.
Crosstree is close to agreeing to a deal to buy Argyll Club from private equity firms The Baupost Group and Alpine Grove Partners, Green Street News reported. A deal at that price would be lower than the £400M for which the business was put up for sale last October.
Argyll Club’s 23 outlets are all in London, primarily in the West End and the City. It is…