Pervaiz Naviede Family Trust looks to China

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Beijing, China Central Business District

Pervaiz Naviede Family Trust looks to China

Global investor, the Pervaiz Naviede Family Trust, has announced plans to target the growing number of Chinese looking to invest in the UK.

According to reports Chinese buyers spent $37bn on overseas property in 2013, a figure which is expected to rise considerably thanks to the growth of the country’s upper-middle class and a desire to educate their children abroad.

The Trust, which has assets of £200m in commercial and residential property in the UK and UAE, has recently returned from a four day visit to Beijing to explore the requirements of Chinese investments and how the UK can service their needs as investors. The visit also included attending a conference held by the largest overseas investment organization inside China, Juwai.com, which has an estimated 1.8 million Chinese speaking visitors each month.

During the visit representatives of the Trust met with a number of real estate agents, property developers and bankers to discuss potential partnerships and investment opportunities. The Trust representatives discovered significant interest in future real estate developments and has secured follow up meetings with both Chinese and international agents.

As part of its strategy to engage Far Eastern markets, the Trust has also been developing links with the University of Manchester which, according to recent figures, recruited more international students than any other institution and has long maintained a strong Chinese student community.

Speaking on his return, Pervaiz Naviede, said “There are many opportunities for the Chinese to invest in the UK, and into long-term, sustainable developments. We look forward to creating some solid business relationships in China and bringing investment into the United Kingdom for the benefit of all.”

Rudi Falla, speaking on behalf of the Trust, said “Manchester has international appeal to overseas buyers thanks to the standing of the University coupled with the worldwide recognition of Manchester United Football Club. This ensures the city is well poised to benefit from overseas investment, in particular the growing Chinese market.”

The announcement comes on the back of an £800m deal between British and Chinese companies in the expansion of Manchester’s Airport City. The deal, which is estimated will create up to 12,000 jobs, also paved the way for direct flights between Manchester and the Chinese capital.

© Pervaiz Naviede Family Trust & LPC1 Ltd. 2014. All rights reserved.

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