Current Affairs PDF

Hinduja group acquires Britain Building

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Hinduja group have officially acquired the famous 1,100 room Old War Office Building of Britain in central London for an undisclosed sum.

Flash points

  • The historic Old War Office Building in Central London is situated near the Britain parliamentHinduja Group
  • The building covers 580,000 square feet spread over seven floors connected by more than three kilometres of corridors
  • The building situated at 57, White Hall road was once occupied by Wartime Britain PM Winston Churchill
  • The UK defence ministry told that the building was sold for a 250 year lease arrangement to the companies following a competitive market
  • The Hindujas, Britain’s wealthiest people, acquired the building in partnership with Spanish industrial company Obrascon Huarte Lain Desarrollos (OHLD)
  • The old war building is to be renovated into a Five star hotel and apartment
  • It will also feature a series of private-function rooms as well as a spa and fitness facility
  • The key of the building was formally handed over to GP Hinduja, Co-Chairman of the Hinduja group, his brother PP Hinduja, Chairman of the Hinduja Group in Europe and their Spanish partner Juan-Miguel Villar-Mir, Chairman of the Villar-Mir and OHL Group at a ceremony held on Wednesday.

The function was witnessed by Indian High Commissioner to the UK Navtej Singh Sarna, Former National Security Adviser of India and former Governor of West Bengal MK Narayanan, leading NRI hotelier and Chairman of the Bharatiya Vidya Bhavan UK Joginder Sanger and Sanjiv Chadha of the State Bank of India who are funding the project