Oaknorth agrees loan on Old Bailey hotel scheme


Oaknorth has agreed a £34.3m loan to a property business founded by entrepreneur Alex Shamash and joint venture partner Boscalt Hospitality, an Edmond de Rothschild Private Equity partnerships fund.

The capital will be used to convert 15 Old Bailey in London from office space into a new luxury hotel, restoring it to its former use whilst preserving its unique history.

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