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

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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