Developer sees strong GCC demand for new UK project

Select Property Group says CitySuites2 in Manchester is attracting 'significant interest' from Gulf investors
Developer sees strong GCC demand for new UK project
By Staff writer
Tue 13 Mar 2018 02:40 PM

Select Property Group, the British property developer with its largest sales centre in Dubai, has announced the launch of its latest project in Manchester.

The company said CitySuites 2 is already attracting significant interest across the GCC region and follows the success of the first CitySuites project that was sold in 2015, in which over 70 percent of properties were sold to investors in the GCC.

“Our Manchester property portfolio continues to experience strong demand from GCC investors, with the realisation that investment returns in the city are much stronger and properties offer more value for money than in London," said Adam Price, managing director of Select Property Group.

"There is a particularly strong affiliation between Manchester and the UAE, with its ties to Manchester City Football Club and Etihad Airways, and it’s great to see demand from investors here wanting a slice of the action in the UK’s top regional city for property investment.”

Both CitySuites properties occupy a prime city-centre location at Embankment West – a new neighbourhood at the heart of the city, masterplanned by the same developer.

CitySuites 2 comprises 148 studios, one and two-bedroom properties, combining luxury serviced apartments and premium residential suites.

Home to a growing number of international brands and businesses, including over 80 FTSE 100 companies, Manchester has one of the UK’s fastest growing economies.

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Last Updated: Tue 13 Mar 2018 02:45 PM GST

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