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For three years Chinese investors have been checking out the opportunities for investment in Birmingham real estate — and now we know who they are.
As flows of Chinese outbound investment into Birmingham real estate promise to pick up, Bisnow can provide a unique insight into exactly who is providing that outbound capital.
PGC hosted a delegation of Chinese investors to celebrate the start of work on-site at their 517 unit Digbeth residential scheme, Lunar Rise. The project will consist of three separate buildings, with two 10 storey blocks and one standing at 25 storeys at the intersection of High Street and Clyde Street.
According to PGC the richly varied group of delegates included:
Representatives from Shengjing Group, the leading domestic Chinese economic acceleration platform, representing 30,000 entrepreneurs and managing funds in excess of RMB 10B.
* The owner of a chain of restaurants specialising in afternoon tea.
Representatives of The Nobel Private Bank, an app developed by Beijing Tongren Innovation Technology, China's first internet and private bank, which connects high net worth investment advisors and high net worth customers through the internet, big data and cloud computing.
A representative from JIMU, a platform which was launched in 2013 to provide financial services for the burgeoning middle class in China.
"The Chinese view property as an attractive investment," PGC Capital Chief Executive Denise Li said. "The West Midlands is an exceptionally attractive region due, in part, to its central location in the U.K., its excellent transportation hub, the diversity of its youthful population and its educated workforce. Birmingham is among the top three best cities in the world to invest after Vancouver and Victoria.”
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