Al-Qaddoumi: From real estate perspective, UK is not London and Milton Keynes only; there are areas with equivalent strengths and importance

Following visits to more than twenty British cities over the last three months, Waleed Al-Qaddoumi, Managing Director, Top Real Estate Group (TREG), said: “from real estate perspective, UK is not London and Milton Keynes only; there are large and medium-sized cities with equivalent investment strengths and importance. Al-Qaddoumi added that what caught my attention during this tour as compared with the tour made in previous years is the significant increase in the volume of activity and urban movement in these cities, particularly in the cities of Birmingham, Liverpool, Manchester and surrounding areas. He pointed out that this activity is a result of injection of billions of sterling pounds to develop infrastructure in these cities, offer opportunities for private companies to develop old buildings in major cities and convert a large part of the same into residential projects. This enhanced the ability of these cities to attract large segment of investors from around the world. In addition, many banks and major companies in the UK moved their head offices to these cities, in particular Birmingham and Liverpool given the fact that they attractive areas and have various up-to-date services as well as lower costs as compared to London. This, of course, encouraged many employees of these organizations to relocate for living in these cities, which turned to have grater real estate demand than ever before.

Al-Qaddoumi said that the Group entered into an exclusive agreement with Seven Capital, a leading real estate company operating in these cities with experience exceeding twenty years during which the Company implemented, built and acquired a series of hotels and commercial buildings in Birmingham, Liverpool and their suburbs. The Group will market the Company's projects in Kuwait and Qatar. Al-Qaddoumi pointed out that the projects are located in prime locations and their prices are highly suitable for various investors. Al-Qaddumi advised individuals interested in investing in UK to target these cities because properties therein are certainly cheaper than London and achieve good returns on lease ranging from 5-7% per annum. On the other hand, the property value, after the completion of construction, is set to grow up to 25%. Certain existing properties recorded increase ranging from 5 - 20% depending on their location, advantages and services. Al-Qaddumi said that Top Real Estate Group always seeks to meet the requirements of its clients and offer them best opportunities. He indicated that TREG is currently in the process of exploring many real estate opportunities that benefit investors and intend to offer projects at the beginning of next year in several cities in UK, Switzerland, France and USA.