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Record Setting Sale at The OWO Residences
Posted on November 25, 2021
The OWO Residences by Raffles Outperform the London Market, exceeding £11,000 price per square foot.
25 November 2021: Today The OWO Residences by Raffles announces that sales of the residences have outperformed the Prime Central London market, with a new record for values achieved on a price per square foot basis, within six months of launch.
A new benchmark of over £11,000 price per square foot was achieved on one of the unique turret residences, demonstrating the appetite of buyers to own a piece of British history in one of the most historically and architecturally significant buildings in London. The former Old War Office is undergoing a monumental transformation that will see it re-open to the public as ‘The OWO’ with a flagship Raffles hotel, 11 restaurants and bars, and 85 unique residences. Prices for a two-bedroom residence start from £5.8million.
Solidifying the murmurs that the luxury real estate market is picking up steam, it’s clear any former exodus from the city is on the reverse, owing in part to the easing of travel restrictions for international buyers. This very special collection of residences, each bespoke with differing floor plans, views, and features, means that buyers at The OWO Residences are acquiring a completely individual apartment, exclusive to them, in a unique location in the heart of Whitehall.