GCC investors snap up 53% of UK homes project
More than half of a UK developer’s flagship project in Manchester, has been sold off-plan to GCC investors. Origin Homes, a unit of British developer Select Property, said 53 percent of its Laurence Place project has been snapped up by investors from Kuwait, Bahrain and Saudi Arabia. Origin Homes offers investors complete flexibility, meaning they have the choice to occupy it themselves, allow a family member or friend to use the property, or rent it on the open market. Laurence Place, which comprises 209 studio, one, two and three-bedroom apartments, is in a prime central location in the heart of Manchester’s central business and retail districts.