Banking
Ajoy Bose-Mallick
April 2026
Lawrence Stephens’ Real Estate Finance team is proud to have advised Blue Shield Capital on the completion of a £24.8 million acquisition.
The acquisition funding supports a joint venture between H.I.G. Capital and HUB for the purchase of an office building in the heart of the City of London. The site benefits from an existing planning consent, granted in January 2024, for a 13‑storey, 280,000 sq. ft office‑led mixed‑use development. At present, it is occupied by the post‑war office block known as St Clare House, alongside the neighbouring Victorian warehouse building, Writers House. The loan enables the borrowers to transform the site by working within the existing planning parameters to create a residential‑led development that supports and enhances the ongoing regeneration of the surrounding area.
The area is well known for exceptionally strong demand for high‑quality housing and provides a solid foundation for the success of the project.
To complete this significant transaction involved close collaboration between multiple teams across the firm including Banking, Real Estate Finance and Tax, and was completed to a tight deadline, with substantial work carried out over the holiday period.
Blue Shield Capital is a property lender dedicated to streamlining the bridge‑lending process, led by a team of highly experienced finance professionals and real estate professionals.
The transaction was led by Partner and Head of Banking Ajoy Bose-Mallick, with key support from Partner and Head of Real Estate Finance Ann Ebberson, Senior Associate Ashley Wright, Solicitor Mithushan Sivagurunathar and Solicitor Alex Ruder. Tax advice was provided by Partner Leigh Sayliss and Corporate Support provided by James Lyons.
Ajoy Bose-Mallick commented:
“The complexity of this financing deal showcases the ability of the team to advise on high value transactions that require specialist advice across different departments. The team worked tirelessly and endlessly to complete this financing for the first acquisition for its newly established Living Platform between H.I.G. Capital and HUB.”
Blue Shield Capital Limited:
“This landmark financing was a pivotal and highly significant transaction for Blue Shield Capital. We could not have completed this deal without the commitment of the Lawrence Stephens team, who worked seamlessly together to see it through to completion.
Ajoy led an exceptional team at Lawrence Stephens, with Ashley advising on the banking aspects and Ann Ebberson advising on the complex real estate elements. Their combined expertise and dedication were instrumental to the success of this deal.”
You can read more about our Real Estate Finance team here.
