Super rich new luxury £1.2bn London development

November 2022 Forums General discussion Super rich new luxury £1.2bn London development

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    james19
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    UK’s richest people avoid social housing rules in £1.2bn London flats project

    Exclusive: Westminster gave exemption for Hinduja brothers’ Old War Office development in return for £10m* payment

    The Hinduja brothers, named by the Sunday Times as the wealthiest people in Britain with a £28.5bn fortune, won approval to develop the historic Old War Office near Downing Street into 85 luxury flats and a 120-room five-star Raffles hotel.

    The Guardian can reveal that the OWO development – in which one four-bedroom flat has sold for more than £40m – should under planning rules contain 8,000 square metres of affordable housing – enough for 98 flats.

    *In the video, the amount payable would be £39m

    https://www.theguardian.com/news/2022/oct/02/luxury-flats-richest-people-social-housing-hinduja-old-war-office?CMP=Share_iOSApp_Other

    • This topic was modified 1 month, 3 weeks ago by james19.
    • This topic was modified 1 month, 3 weeks ago by james19.
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