Old War office sold
Thu 15th January 2015, 5:41 pm
The Ministry of Defence has sold the Old War Office in Whitehall to the Hinduja Group, purchased in partnership with Spanish industrial company, Obrascon Huarte Lain Desarrollos, for an undisclosed sum.
The landmark building was sold on a 250-year lease after a competitive marketing process conducted by Sitematch advisers GVA.
The disposal of the building will save the department an estimated figure of between £8 and £10 million.
Defence staff will move out of the building in approximately a year from now.