Zhang Songqiao, the boss of China Chongqing Land, known as the "Li Ka-shing of Chongqing", has bought out the Leadhe Building in the City of London for 10.1 billion yuan, in what is being described as the biggest property deal in the UK since 2014. Indeed, over the past two years, the Chongqing tycoon has sold off his mainland property holdings on a massive scale, investing heavily in Hong Kong and London. Investments in London also include:
One Kingdom Street, an office building near Paddington train station, for $2.5 billion;
The purchase of the Travelodge Hotel property in the City of London for $364 million;
A 50% stake in the 122Leadenhall Street project in London for 4.3 billion yuan.
The fall in the value of the pound since the Brexit vote last year has instead attracted a flood of investment. In terms of market performance and maturity, London is one of the few certainties in a turbulent world. It is worth noting that London, as an international financial center, the pound and the property market have begun to show signs of recovery. The layout of investment celebrities are sending a signal that it is also necessary to seize the opportunity to buy the real estate in London.
"Three reasons to Invest in London's Principal Tower"
(1) The depreciation of sterling and the influx of funds into the housing market depression in London
At the beginning of the year, affected by the "Brexit" of the UK, the exchange rate of the pound fell to a new low in 10 years, falling to 1:1.24 against the US dollar, indicating that the exchange rate of the pound against the US dollar has fallen by 20% in the past two years. The exchange rate of pound sterling to RMB was 15.66 in 2007 and 8.83 in 2017, a decline of 44% in 10 years. Thus, now is a good time to buy down sterling, according to the latest sterling trend, sterling is starting to show signs of recovery.
Data source: XE.comInc.
(2) Excellent location, located in the world's first financial center
London is a world financial center as famous as New York. There are more than 500 banks located in London alone. Every day, more than 300,000 people work in the City, which undoubtedly provides high-quality lease protection for investment owners. And importantly, investors only need to put down 10% to own one of the world's biggest City assets. And the Chinese can borrow a very good percentage, which is undoubtedly a favorable support for maximizing investment returns.
(3) Highly favored, the first choice for investment by Chinese enterprises
In total, there were 93 deals involving Chinese investment in the UK in 2016, with 65 disclosed deals totalling nearly $75bn. The UK is second only to the US in attracting Chinese outbound investment. Chinese companies have completed at least 12 property deals in the City of central London in the past year alone. The reason why London is so popular among real estate developers, especially Chinese enterprises, is also determined by the real estate demand in London. Statistics show that there are about 450,000 people working in The City of London, but the housing supply in this area is only about 7,000 units, far from enough to supply the housing needs of the current and future population.
The Principal Tower, London's financial center, is a 50-storey, 162-meter high luxury residence with 301 one-bedroom, two-bedroom and three-bedroom apartments. The project is located in Liverpool Station, a top part of the city centre where the surrounding bankers and IT elites gather. The current down payment is only 10%, and the project offers a 24-hour concierge service, swimming pool, gym, private movie theater, resident lounge, and space for business meetings or entertainment.
Registration for special presentation of UK project
This Saturday, Wanguo Land Beijing Station, Shenzhen station will invite project developers to explain to you in detail and British bilingual senior lawyers to explain the tax, purchase process and relevant legal provisions, hurry to sign up to participate ~
Location:
Beijing: The second Hall of the Grand Hyatt Hotel
Shenzhen: Wanguo Land Shenzhen Branch
Time: 13:00-18:00, May 13th
Principal Tower, London, UK
The Principal Tower is a 50-storey (162m) luxury residential building with stunning views of London and 301 1 -, 2 -, 3 - and penthouse duplex apartments. You only need 10 percent down.
Overseas property = universal land
As the leading overseas real estate authority in China, Wanguo Land has accumulated rich and detailed market data through years of overseas real estate investment consulting experience, and is well aware of the real investment needs of home buyers. Therefore, the company has gathered more than 15 countries and 25 regions of high-quality real estate developer resources, footprint has been across North America, Europe, Asia, Oceania and South America, and in New York, London, Madrid, Sydney, Vancouver, Kezhou Island and other cities set up branch offices or reception agencies.
At the same time, Wanguo Land will also enter into strategic cooperation with AMA, a famous project management company in the United States, and plan to develop 7 real estate projects in the United States, becoming the first Chinese overseas real estate investment consulting enterprise involved in overseas development. Wanguo Land hopes to provide customers with more customized services in the future, so it engages in overseas real estate development, in order to create a diversified one-stop service system for customers, including product customization, wealth management, immigration, housing construction and property management.
