Private equity giant Carlyle picks up City building next to new Elizabeth Line station from Alan Sugar's Amsprop group

Oscar Lopez
The Crosspoint building is set to be transformed into a co-working space.

Private equity group Carlyle has acquired the City's Crosspoint building on Liverpool Street from Lord Alan Sugar's property group Amsprop for £43m.

The building is set to form part of Carlyle’s new flexible office and co-working business Uncommon that the company founded together with the Adir group in June 2017.

The newly rebranded 'Uncommon Liverpool Street' co-working space is expected to open later this year.

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The 41,000 square foot (sq ft), nine-storey office building has 360 degree views over the City skyline and includes two roof terrace gardens.

Located next to to Liverpool Street station, the site will offer access to the new Elizabeth Line Crossrail station from 2019.

Read more: WeWork has snapped up this huge site in the City of London

Peter Stoll, managing director at Carlyle, said: “Crosspoint is a superb addition to Uncommon which will dramatically raise the profile of the business and improve its London footprint.

“From a property standpoint it is a brand new grade A office building with flexible floor plates, a lot of natural light, some spectacular common areas and terraces which fit perfectly into the exacting requirements for design that defines Uncommon.”

The new building will be Uncommon’s fourth and largest flexible workplace facility in London, adding 850 workstations to the existing 1500-desk portfolio.

Chris Davies, director at Adir Group said: “It’s a superb asset that matches our exact requirements and adds another flag on the London map for Uncommon.

We will create a unique and creative environment, moments from a major transport hub, for our members to work and enjoy, while we support them in every way.”

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