ao link
Twitter
Facebook
Linked In
Twitter
Facebook
Linked In

You are viewing 1 of your 1 free articles

Birmingham Council seeks Hong Kong investment

Birmingham City Council is trying to attract further investment from Hong Kong, after raising £300m for more than 1,000 houses.

Linked InTwitterFacebookeCard
Sharelines

Birmingham Council seeks Hong Kong investment #ukhousing

Birmingham Council has already secured £300m Hong Kong investment for more than 1,000 homes #ukhousing

Council seeks funding from further afield amid Brexit negotiations #ukhousing

Waheed Nazir, corporate director for economy at the council, said council officers had travelled to the MIPIM Asia conference to present investment opportunities to large Asian institutional investors, including Birmingham Smithfield, the Curzon Investment Plan and the High Speed Two (HS2) rail project.
Funders based in Hong Kong in particular have been active in the city’s property market, with investments of almost £300m, which have helped to deliver more than 1,000 homes in the city centre.
Mr Nazir said: “Leading Asian investors see Birmingham as an attractive proposition due to our youthful demographics, key occupiers such as HSBC coming in, the progression of HS2 and a diverse set of investable propositions.”


READ MORE

£7m to unlock stalled sites in Birmingham through government scheme£7m to unlock stalled sites in Birmingham through government scheme
Birmingham City Council in talks with DCLG over regional housing dealBirmingham City Council in talks with DCLG over regional housing deal
Birmingham City Council set to approve new development by in-house companyBirmingham City Council set to approve new development by in-house company
Birmingham to install sprinklers as it calls on councils to lobby governmentBirmingham to install sprinklers as it calls on councils to lobby government

Andrew Heyn, British consul general to Hong Kong, said Birmingham’s influence among Asian investors was part of a pattern that included other major cities.
“All of our big regional cities are punching above their weight out here,” he said.
“Hong Kong is a key gateway city for the whole of Asia and this market is increasingly attractive to investors who are looking for new locations for capital.”

Linked InTwitterFacebookeCard
Add New Comment
You must be logged in to comment.