London to see $3.72 billion from Chinese investors
Updated: 2016-11-09 14:37
By Hu Yuanyuan(chinadaily.com.cn)
|
|||||||||
A bus passes buildings with Big Ben in the background in London. [Photo/IC] |
Chinese institutional investors are expected to pour more than three billion pounds ($3.72 billion) into London this year, a record high despite rising uncertainty after Brexit, according to CBRE experts.
"For some ambitious Chinese investors, the Brexit, in fact, provides them a good opportunity to buy good assets in London at a more reasonable price," said Richard Zhang, head of China desk, EMEA of CBRE, an international real estate consultancy company.
By the end of May, Chinese institutions, including China Life, Fosun and Vanke, had invested 1.3 billion pounds in London in the first five months of the year.
"And there are three deals valued around 1.2 billion pounds going on right now. We expect there will probably be deals valued at 1 billion pounds finalised before Christmas," said Zhang.
The depreciation of the pound, more leeway to get a better value for money in deals both provides investors good investment opportunities right now, Zhang added.
For Yvonne Siew, head of Global Capital Markets of CBRE China, to secure a good deal in the long run, Chinese investors need to buy core assets with a good location and good tenants. For property development overseas, finding a good local partner can largely reduce potential risks.
Related Stories
Chinese investors show growing interest in Australian agriculture 2016-11-07 11:15
Chinese investors urged to study foreign law 2016-10-20 19:19
Chinese investors step up to New Zealand hotel challenge 2016-09-29 16:25
Dutch delights await Chinese investors 2016-09-04 08:06
Canada to offer more opportunities to Chinese investors 2016-08-30 21:44
Today's Top News
Europe would elect Clinton: Poll
UK 'will stick to planned EU departure plan'
UK PM May promises EU exit 'in full'
Chinese dance drama stuns British audience
China adopts interpretation to Basic Law of HK SAR
Latvia links with Belt and Road Initiative
High Court: Parliament must vote before Brexit
Li promotes SCO bank, free trade
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Hollywood snaps up rock star's dog film |
Chinese people welcome dispossessed |
The can-do generation to the fore |
Riding the wave |
Leisure giants buoy cruise market |
She followed her heart |