China Everbright ‘looking for great opportunities’ in London

The exact details of the acquisition remain unclear. Photo credit – Pixabay

China Everbright ‘looking for great opportunities’ in London

Everbright Grand China Assets has revealed in a somewhat cryptic press release that it is seeking to complete an acquisition in London in 2018.

“We are still looking for great opportunities. There are major hurdles. We want to give our shareholders high returns…” said Chairman Liu Jia.

The exact details of the acquisition remain unclear.

Earlier in June, we revealed that Chinese developers and investors are still being drawn to London property.

For example, British developer Telford Homes has credited sales to Chinese investors with helping it to achieve record profits.

The firm recently revealed a 30 percent rise in profits, boosted largely by strong sales in London.

According to the company, as many as three quarters of sales in recent developments have been to buyers based in China.

Speaking to specialist publication Letting Agent Today, Telford’s CEO John Di-Stefano said:

”We are seeing growing investment from China due to the continued international attraction of London, despite Brexit, and strong rental demand relative to supply.”

Rupert Reid

Pilot and Senior Broadcast Journalist at Panda Radio. You can find him on Twitter @rupertreid