Attracting GCC investors
CitySuites 2 is already attracting significant interest across the GCC region and follows the success of the first CitySuites project that was sold in 2015, in which over 70 per cent of properties were sold to investors in the GCC. The first CitySuites property opened its doors in 2017 and has since established itself as Manchester’s finest serviced apartments. Now home to an array of high-profile VIP residents, CitySuites has the highest guest ratings on some of the UK’s largest travel websites. Like the first CitySuites, CitySuites 2 will be fully managed by Select Property Group’s expert in-house team and guarantees investors a minimum 7 per cent NET for two years.
“Our Manchester property portfolio continues to experience strong demand from GCC investors, with the realisation that investment returns in the city are much stronger and properties offer more value for money than in London. There is a particularly strong affiliation between Manchester and the UAE, with its ties to Manchester City Football Club and Etihad Airways. It’s great to see demand from investors here wanting a slice of the action in the UK’s top regional city for property investment,” commented Adam Price, Managing Director, Select Property Group.
Both CitySuites properties occupy a prime city centre location at Embankment West, an exciting neighbourhood at the heart of the city. CitySuites 2 comprises 148 studios, one and twobedroom properties, combining luxury serviced apartments and premium residential suites. Offering a staggering 65 per cent higher returns on investment than traditional UK property hotspot London, Manchester has mass appeal among investors seeking strong capital appreciation and high rental returns.