Paul Bloomfield, one of the best-known property traders of the 1980s, has died at the age of 70 following a long illness.
Known in the market as “Boom Boom”, having successfully ridden the bull market of the 1980s, Bloomfield died in Spain where he had been living for several years.
He led listed company Mountleigh alongside Tony Clegg and bought and developed Stockley Park near Heathrow in 1987 alongside Sir Stuart Lipton and Elliott Bernerd. The company also once owned Paternoster Square, EC4, and Bloomfield was one of the many who tried and failed to redevelop Battersea Power Station, SW8.
Having run into financial trouble in the early 1990s downturn Bloomfield switched his focus to Eastern Europe to concentrate on markets including energy, logistics and telecoms in order to repay his debts.
One of his last high-profile deals came in 2003 when he put together a financing package for the development of the then stalled construction of Wembley Stadium.
Last year, Bloomfield was caught up in an investigation into HSBC Swiss bank accounts. HM Revenue & Customs concluded that despite being a UK resident he had not paid any tax for 24 years but was never prosecuted.
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