Chinese investment in British commercial property has been tipped to skyrocket | 21 October 2013
Chinese companies are believed to have been encouraged to submit bids for British projects following chancellor George Osborne and London mayor Boris Johnson spending six days speaking to potential investors in the country last week.
The pair spoke to representatives of Dalian Wanda, China Investment Corporation and Shanghai Pudon Development Bank amongst others. These businesses are rumoured to be considering further investment in UK commercial property projects.
A report from propertyforum.com has also suggested that China’s involvement in ABP’s Docklands regeneration project has been key to encouraging investment in other projects.
Osborne has previously suggested that increased investment from China could only be beneficial for the UK and should be encouraged wherever possible.
According to scmp.com, he recently announced that he would allow Chinese investors to obtain majority stakes in British nuclear plants over time.
He also plans to enable Chinese travellers to obtain British visas more easily. Business travellers, for example, would soon be able to apply for a “super-priority” visa that would be processed within 24 hours, whilst tourists with a EU visa may not longer need to make separate applications to visit the UK.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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