About:The property investment potential of Manchester has been highlighted by four huge deals from Singapore

Summary:

• Singapore-based property group makes first European investment in Manchester
• Manchester is widely regarded as the city offering investors the strongest future growth potential
• Many Southeast Asian investors are looking to avoid the worst of the Black Monday fallout by diversifying into the UK

Singapore-based Rowsley Ltd is making four huge property investments in Manchester.

The city has been widely viewed as the UK location offering the strongest potential returns in the future.

HSBC has highlighted the unsurpassed supply and demand dynamics of the property market, while earlier this summer Prime Minister David Cameron flew to the Far East to tell Asia Pacific investors about the UK government’s plans for the £7 billion Northern Powerhouse project – centred on Manchester.

Rowsley’s investments will total £69.1 million (S$150 million) in all and will be spread across the city’s high-performing real estate and hospitality sectors.

Chief Executive of the Group Lock Wai Han said: “This will be Rowsley’s first investment in Europe and comes at a time when the UK government is encouraging businesses to move north to escape the rising cost of operating in London. During a recent visit to Singapore, Prime Minister David Cameron urged Singapore companies to consider the Northern Powerhouse, including Manchester, which he said was ‘brimming with infrastructure opportunities’.”

As well as the high investment returns on offer, the relatively stability offered by UK property has long been one of the major reasons international investors choose to diversify there.

This shift from Southeast Asia to the UK has been accelerated by the volatility affecting the region after the Chinese equities crisis. Following Black Monday, Shanghai stocks have seen 22% of their value erased in just four days of trading and this is set to further hamper investor confidence in the region’s property markets.

Source: Select Property