Wednesday 13 / August / 2025
Muscat: The Hinduja Group said Oman investors have elicited robust enthusiasm for The OWO Residences, part of the refurbished heritage development, The Old War Office of Britain’s World War II prime minister, Winston Churchill, in the backdrop of increased interest for the ubiquitous property from across the GCC.
On a call with Omani media, Sanjay Hinduja, who heads The OWO development and is also the Chairman of Gulf Oil International said over 10 per cent of the investors in The OWO Residences are from the GCC now. Globally, the property sale pipeline is now hovering closer to 50 per cent.
“The fact that owning a residential property at The OWO is a rare opportunity to buy a piece of history has stirred up robust response from the GCC and Middle Eastern buyers,” said Sanjay Hinduja who heads The OWO development, and is also the Chairman of Gulf Oil International.
He said the Group is now gearing up for a major awareness campaign in the first quarter of 2024 The OWO Residences in Oman, along with other GCC countries, to leverage the keenness showed by high-profile investors in the region.
The OWO Residences, co-located with Raffles Hotel on the front side offering 85 units from one to five-bed apartments and exquisite penthouses have been clocking huge interest from buyers from the US, UK, Asia and the Middle East.
The development value of The OWO Residences spread across 185,000 sq. ft, excluding private amenities that span 30,000 sq. ft and communal areasis estimated to be more than £1 billion. The OWO has 1–5-bedroom residences and penthouses, all in very unique and different shapes in a value range of £4,000 to £10,000 + per sq ft.
“We have broken the record in sales in the UK and now our focus is more on the GCC and Middle East in general as we continue to receive high-profile delegations from the region keen to explore The OWO,” said Sanjay Hinduja.
He said one of the most expensive apartments at The OWO has been bought by a Middle Eastern investor, joining other high-profile buyers from the world of Wall Street, Hollywood, mainland China, and Singapore, among others.
The Hinduja Group has been present in the GCC for close to four decades with investments and business interests spanning Ashok Leyland, Gulf Oil Middle East and Indus Ind Bank among others employing close to 15,000 people.
The OWO was closed to the public and it was opened for the first time after 120 years in September this year by Princess Anne – the Princess Royal, the sister of King Charles II. The Hinduja Group bought the property in 2015 from the UK government and it took 8 years for the global business conglomerate to restore it.
The OWO also houses the first Raffles Hotel in the UK. Residents at The OWO can also leverage Raffles hospitality, including dedicated concierge services as the hotel is co-located within the premises. Europe’s first Raffles branded residences are shaped by the British design studio 1508 London. Residents will be sharing history at The OWO which was once the strategic base for Winston Churchill during World War II, while in later years James Bond author, Ian Fleming also worked in the complex as a naval intelligence officer.
“GCC buyers typically buy into a property when it is complete compared to their Asian counterparts who are open to acquiring under-construction projects. With the construction complete and the Raffles Hotel open and buzzing, we have been receiving several GCC visitors to London who want to explore the property, touch and feel the exquisiteness of it and appreciate its architectural excellence, before they decide on buying,” said Charlie Walsh, Head of Sales & Marketing, The OWO.
Super-rich GCC buyers have also found The OWO Residences in their flavour as it resonates with their predominant preference for branded service apartments and privacy, and the property ticks all that is on their wish list on the top of its ubiquitous location in Central London bang opposite 10 Downing Street.
“This is a unique project and there won’t be any of this magnitude in Central London. The residential side is very private and separate from the hotel on the front side. It also comes with a private ecosystem of amenities entirely catering to residents ranging from utilities, dining areas, lounges, cinema gym etc.Typically, high-profile investors from the GCC want a high level of hospitality services and privacy and The OWO Residences have this taken care of,” said Walsh.
