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UK: Developer HUB has acquired St Clare House at 30-33 Minories, a post-war office building in the City of London, in partnership with affiliates of global investment firm H.I.G. Capital.
This grows the partners’ portfolio to three central London sites which will deliver new homes “in some of the capital’s most vibrant, well-connected districts with strong workforce demand for housing and a lack of supply”.
With an existing consent for a 13-storey, 280,000 square foot office-led mixed use scheme which was approved in January 2024, the site currently comprises the existing outdated office building, St Clare House, and an adjacent Victorian warehouse building, Writers House. HUB plans to “sensitively reposition the site to deliver a living-led scheme that will contribute to the ongoing regeneration of the area, minimising carbon impact by prioritising material reuse and designing a scheme that delivers operational energy efficiency”.
This adds to HUB’s two existing partnerships with H.I.G. Capital – Finsgate House in London’s Old Street, where plans were submitted for 490 homes in a mixed-use scheme earlier this year, and a 1.2 acre living-led masterplan in Elephant & Castle which plans were submitted for in October last year.
Miles Keeley, HUB’s head of acquisitions, said: “St Clare House at 30 Minories sits within a pocket of central London that is in need of additional, high-quality housing to serve its large workforce and enhance a thriving community. We look forward to now working with our project partners to create a best-in-class development that complements its existing bustling neighbourhood.”
Highlights:
- Developer HUB has acquired St Clare House at 30-33 Minories, a post-war office building in the City of London, in partnership with affiliates of global investment firm H.I.G. Capital
- With an existing consent for a 13-storey, 280,000 square foot office-led mixed use scheme which was approved in January 2024, the site currently comprises the existing outdated office building, St Clare House, and an adjacent Victorian warehouse building, Writers House
- This grows the partners’ portfolio to three central London sites
