日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Investors pour into London market

By CECILY LIU in London | China Daily | Updated: 2017-05-22 07:50
Share
Share - WeChat

Visitors at the Elizabeth Tower, better known as the Big Ben in London. [Photo/VCG]

Chinese investment is pouring into London's commercial property at an unprecedented rate, according to realtor CBRE, which said there was 2.72 billion pounds ($3.52 billion) of investment in the first quarter of 2017, a sixfold increase year-on-year.

Flagship deals, such as CC Land's purchase in March of London's Leadenhall Building for 1.15 billion pounds, boosted the figures. Smaller deals of 100 million pounds and more also grew in number. Guangzhou's R&F Properties bought Vauxhall Square in April for 158 million pounds, and China Estates purchased 11-12 St James's Square for 175 million pounds.

Chris Brett, CBRE's head of international capital markets, said deals in the pipeline involving Chinese investors, especially those in Hong Kong, were "at an all-time high" .

"The appetite is very strong at present," he said. "Currency changes have played a huge part in this demand."

Since the referendum in June in which British voters chose to leave the European Union, the pound has lost value against the renminbi. At its weakest in October it was down by around 20 percent. Recent depreciation of the Chinese yuan against the US dollar made the UK even more attractive.

Some analysts wondered if CC Land had paid too much for the Leadenhall Building but Eric Pang, head of the China desk at estate agent JLL, said the way in which it is managed will determine its value.

The ability to maintain good relations with anchoring tenants and financiers is crucial, Pang said. Chinese investors can generate returns ranging from 4 percent to the mid-teens from the commercial sector.

Meanwhile, profit margins look good on commercial investments made earlier. Beijing-based property developer ABP, which pledged to invest 1.7 billion pounds on developing a multi-use block near London's City Airport, expects it to generate 3.2 billion pounds, according to chairman Xu Weiping. And Reignwood, another Beijing developer, has invested 500 million pounds since 2010 on turning Ten Trinity Square into a hotel, private-members club and residential block. Ni Songhua, president of Reignwood Investments UK, expects the hotel to pass its breakeven point next year.

Brexit uncertainties are continuing, but the fear of massive job losses to continental Europe has not yet been realized. Meanwhile, Deutsche Bank's announcement in March that it had taken out a 25-year lease on its London headquarters, where 7,000 people work, sent a reassuring signal to the commercial property market.

But Pang cautioned that Chinese investors are likely to face competition in future deals, compared with the months after the Brexit vote.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产欧美日韩在线不卡第一页 | 国产高清在线精品一区二区三区 | 成人亚洲一区 | 欧洲成人午夜免费大片 | 成人三级视频 | 性夜影院爽黄a爽在线看香蕉 | 波多久久夜色精品国产 | 天天操天天射天天操 | 成人免费看片视频 | 四虎影视最新网站在线播放 | 91精品久久久久久久久网影视 | 久久毛片网站 | 成人网在线播放 | 国产高清在线观看 | 日韩午夜精品 | 久久亚洲国产 | 亚洲特一级毛片 | 久久精彩视频 | 欧洲成人一区二区 | 欧美爱爱一区二区 | 国产精品秒播无毒不卡 | 亚洲最大视频网站 | 欧美国产日韩在线 | 五月天激情综合网 | 色久五月 | 日本三级香港三级网站 | 国产一区二区视频在线播放 | 色婷婷综合久久久中文字幕 | 一区二区三区四区在线 | 久久99国产亚洲精品观看 | 91嫩草国产线免费观看 | 亚洲日韩欧美综合 | 一级毛片免费看 | 亚洲热久久 | 91麻豆精品国产91久久久更新资源速度超快 | 久久99精品视频 | 免费黄色电影在线观看 | 天天色综合久久 | 高清视频在线播放 | 亚洲 中文 欧美 日韩 在线观看 | 特级毛片免费 |