Foreign Governments Look To Invest In UK

The UK property market looks set to be boosted by overseas investments as the Singapore government announce their intention to target London with a £200 Million (GBP) fund.

The small investment fund of the Government of Singapore Investment Corporation (GIC) represents further investment in a UK property market that has become increasingly popular with foreign buyers.

Sovereign wealth funds and other investors from Asia accounted for 30% of all commercial property deals in the UK capital in 2011 and GIC already owns a stake in Kent’s Bluewater Shopping Centre.

The Singapore group will now work with London-based investment manager Orchard Street Investment Management, whose chairman, Chris Bartram, said it will look to spend between £15 – 50 Million (GBP) on 15 commercial properties targeting office, retail and industrial sectors.