Carlyle Group acquires fourth workplace facility

The Carlyle Group has acquired The Crosspoint building on Liverpool Street in London from Amsprop in an off-market transaction.

The investment adds to the Uncommon flexible office and co-working business that Carlyle and the Adir Group launched in June 2017.

The 41,000-square-foot, nine-story office building will be rebranded “Uncommon Liverpool Street”, with an opening expected later this year.

Liverpool Street will be Uncommon’s fourth and largest flexible workplace facility in London, adding 850 workstations to the existing 1,500-desk portfolio, which comprises operational assets in Islington and Borough, as well as a 26,000-square-foot facility in Fulham that is scheduled to open this summer.

Carlyle and the Adir team aim to expand Uncommon further across London, targeting locations with strong transport connections. The product aims to take advantage of changing working patterns and mindsets, as well as occupiers’ increased requirements for flexible space, with high levels of service and a focus on the connection between employee well-being and productivity.

Uncommon’s workplaces are designed to appeal to established companies, small businesses and start-ups, capitalizing on the need to expand and contract as the size of their operations change.