A developer says its new state-of-the-art sales centre in Hong Kong in set to boost Chinese investment in London.
Galliard, the developer who has unveiled the centre, has just sold the entire penthouse floor of its flagship TCRW SOHO apartment scheme on London’s Oxford Street to a Chinese billionaire for a record £21.4m.
Galliard currently has £3.44 billion of new residential development under construction, including 6,392 new homes, with some 1,208 new homes in London, Birmingham and Bristol currently being marketed for sale.
“Galliard was one of the first developers to recognise the investment appetite in Hong Kong and the real estate synergy between Hong Kong and the UK. We started exhibiting and selling here in 1993 and have enjoyed repeat successes with repeat clients over three decades,” says Chrissy Yan, business development manager of the new HK sales centre.
“After focussing so much on Hong Kong over the last 30 years, we decided in early 2021 to elevate our service even further by creating a fixed base on the ground in Hong Kong to facilitate the needs of existing clients in that part of the world. The ambition is also to grow our already impressive network of local agents and introducers and to offer yet more services to prospective clients.”
A Galliard spokesperson in London adds: “The strength of the UK’s vaccine and booster roll-out programmes, the reopening of the UK and the international perception that London remains a safe haven for investment, is resulting in a renewed appetite to buy in the UK – albeit as an investor or an owner occupier.
“British universities are now returning to face-to-face teaching and with that we are seeing the return of international students into new build apartments too.
“The British government’s commitment to regeneration and infrastructure programmes and the levelling up agenda also supports Galliard’s long-standing strategy of developing in regional cities such as Birmingham, which are also popular with clients in Asia Pacific.”