Mubasher: GCC purchasers, namely from Kuwait, Bahrain, and Saudi Arabia, have led investments in more than half of a UK developer's flagship project in Manchester, according to Arabian Business.
Origin Homes, a unit of British developer Select Property, noted that 53% of its Laurence Place project has been purchased by investors from the GCC region.
The UK developer provides complete flexibility to investors; purchasers have the choice to occupy it themselves, allow a family member or friend to use the property, or rent it on the open market, Arabian Business added.
“Laurence Place, which comprises 209 studios, one, two and three-bedroom apartments, is in a prime central location in the heart of Manchester’s central business and retail districts”, as reported by Arabian Business.
