The race is intensifying between investors from The Middle East and China on who snaps more UK assets with a clear lead for Middle Eastern investors from the Gulf going for luxury high value assets such as London Stock Exchange, Canary Wharf, Stakes in Sainsbury’s & Barclays Bank, Harrods, Chelsea barracks, Intercontinental Hotel Park Lane, The Shard, Olympic Park athlete Village, US Embassy in Mayfair, One Hyde Park, Regents Park Mansions, Bishops Avenue to name but a few of the Arab investment in the capital they call home away from home.
While the Chinese on the other hand have been snapping up new built apartments in London as investments
The property sector is seeing some of the most dramatic increase, with real-estate investment in the British capital from China tripling from 2012 to 2013 to about $2.8 billion, a figure that will probably be matched this year.
Chinese-financed projects in London include One Nine Elms, a 56-story apartment tower on the south bank of the Thames backed by developer Dalian Wanda. And Shanghai-based Greenland Holding Group Co. this year said it would invest 1.2 billion pounds redeveloping a brewery in the city’s leafy south-west and building a residential tower near Canary Wharf.
In July Chinese private equity firm Hony Capital Ltd. said it would buy U.K. restaurant chain Pizza Express for about $1.4 billion — the largest-ever corporate takeover in Britain by a mainland Chinese company. To add to other investments such as Dalian Wanda agreed to pay $451m for Sunseeker yachts yachts that sell for as much as $20 million.
Investment firm Sanpower Group this year took control of the house of Fraser in a transaction valuing the Oxford Street department store at £450m