The Challenge

A leading property business founded by entrepreneur Alex Shamas and joint venture partner Boscalt Hospitality needed an experienced partner to support its next project: converting one of London’s most famous landmarks.

Opportunity & Outcomes

Due to our successful track record across both property development and hotel trading deals, we were able to tailor a facility, totalling £34.3m, enabling the borrower to convert 15 Old Bailey from an office building into a new luxury hotel, along with two restaurants and a bar. 

The property will become the highlight in this already recognised area of London.