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Sat 13 Apr 2019 12:26 AM

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UK investment firm says UAE buyers unfazed by Brexit

Salboy Ltd says UAE-based investors remain unconcerned by political developments in Britain

UK investment firm says UAE buyers unfazed by Brexit
Post-Brexit real estate prospects will be in focus at Cityscape Abu Dhabi Talks, which will run on the exhibition floor at Cityscape Abu Dhabi 2019.

UK investment property companies are maintaining their focus on the UAE market despite Brexit uncertainties, with one major player targeting UAE-based buyers at Cityscape Abu Dhabi.

Salboy Ltd, which specialises in private equity investment, property development and construction, is currently investing heavily in the regeneration of the UK city of Manchester in light of the Northern Powerhouse initiative by the UK government to boost the local economy by investing in skills, innovation, transport and culture.

The firm said it believes that UK real estate products will resonate well with regional buyers and argued that UAE-based investors remain unfazed by political developments in Britain.

“Attendees at Cityscape Abu Dhabi are knowledgeable, experienced and curious about the best way to expand their UK property portfolios,” said Kevin Eyres, sales manager, Salboy Ltd. “We are bringing to the exhibition our portfolio of developments through our construction company, Domis Property Group, which has already proven to be a big hit with investors.

“Past experience tells us that a good investment opportunity from a developer with a notable track record in an up and coming UK city is incredibly attractive to Cityscape Abu Dhabi attendees. We anticipate that this year will be no different as we have an outstanding offering.”

The post-Brexit real estate prospects will be in focus at Cityscape Abu Dhabi Talks, which will run on the exhibition floor at Cityscape Abu Dhabi 2019 at Abu Dhabi National Exhibition Centre (ADNEC) from April 16-18.

James Lapushner, managing director of the real estate private equity and fund management company Anacott Capital, will be taking Cityscape Abu Dhabi Talks delegates through the realities of UK real estate financing post Brexit, while the changing landscape of the London investment market will be outlined by Phillip Hope, partner and head of real estate at City of London business law firm Fox Williams LLP Lawyers.

“For many years, the UK market has been high on the investment list of UAE investors and the Brexit issue raises many questions for both existing and potential owners,” said Chris Speller, Cityscape group director at Informa Exhibitions, which organises the event.

“The Talks series will help dispel some myths and put realities into perspective.”

Cityscape Talks includes seminars with renowned experts from various real estate segments such as maximising investment, market trends, the digital technology influencing real estate markets and sales, and the technology disrupting the way people buy property.

Exhibitors from more than 60 countries are expected at the three-day Cityscape Abu Dhabi and is expected to attract up to 15,000 industry professionals and buyers.

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