At­tract­ing GCC in­vestors

TravTalk - Middle East - - FAMILYALBUM -

■ 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.

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