GCC Demand for UK Property Continues with 53 Percent of Projects Sold in Manchester
Select Property, the premium British property developer, retailer and operator, has just launched its most flexible property brand, Origin Homes, designed to cater to the demands of its international investors in one of the world’s favourite property markets, the UK.
Unlike Select Property’s traditional approach to property investment, which focuses on creating fully managed property brands, Origin Homes offers investors complete flexibility, meaning they have the choice to occupy it themselves, allow a family member or friend to use the property, or rent it on the open market. Select Property also offers a full rental management service for those preferring the hands-off approach to property investment.
Strategically located in Manchester, the city which offers the UK’s highest returns and better value for money than the traditional go-to city of London, Origin Home’s flagship development, Laurence Place, is being sold off-plan and has already proven extremely popular with GCC buyers. 53% of the project has been sold in the GCC, with investors from Kuwait, Bahrain and Saudi Arabia-based snapping up most of the properties to date.
“As with all of our award-winning brands, we combine the highest quality residences with an unrivalled location to deliver a superior city-centre living experience. However, what differentiates Origin Homes from the rest of Select Property’s portfolio, is the flexibility for buyers to use the property themselves, rent it out or simply hold onto, making it attractive to both investors looking for rental returns and capital growth, but also to end-users who are purchasing property to complement their lifestyle
“While our fully managed property brands continue to be extremely popular with our investors, we have had many requests from GCC clients that visit Manchester regularly, or that have children that want to study there, and therefore want to own a quality property they can use as they please. Being fully committed to understanding both our tenants and our investors has allowed us to develop this brand, which is already proving extremely popular with buyers across the region.” commented Adam Price, Managing Director of Select Property Group.
Laurence Place, which comprises 209 studio, one, two and three-bedroom apartments, is in a prime central location in the heart of Manchester’s central business and retail districts. It is situated within Embankment West, a new neighbourhood masterplanned by the same developer, Select Property, which has a proven track record of successfully creating new city centre communities.
Pacific Controls is one of the leading information and communication technology (ICT) enabled machine-to-machine (M2M) automation and control solutions providers globally