Hinduja Group acquires London's Old War Office building; to redevelop into 5-star hotel

Discussion in 'Europe and Russia' started by salute, Mar 3, 2016.

  1. salute

    salute Senior Member Senior Member

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    Former office building with 1,100 rooms used by Churchill as a headquarters during World War II.
    The building was sold on a 250-year lease arrangement to the companies following a competitive marketing process for 3000 crore rupees.

    Recent high-value London acquisitions by Indians:


    •The Lodha Group acquired a building owned by the Canadian High Commission in Grosvenor Square for £306 million in November 2013.

    •In June 2014, Mumbai-based developer Indiabulls bought a building in central London’s Hanover Square for £155 million.

    •Great Scotland Yard – the iconic building that housed the London Metropolitan police for over 60 years until 1890 – was acquired by Indian billionnaire Yusufalli Kader for £110 million, and is to be redeveloped and opened as a luxury hotel in 2017.

    http://economictimes.indiatimes.com...op-into-5-star-hotel/articleshow/51226991.cms
     
    Last edited: Mar 3, 2016
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