London-based St George, the developer behind the UK capital's Chelsea Creek development, will launch the latest phase of its project in the UAE as it looks to target wealthy Gulf investors, a company executive told Arabian Business.
St George, part of the Berkeley Group, hopes to tap into the growing demand for off-plan property in London from Middle Eastern investors for its The Tower and Countess House projects, both part of the Chelsea Creek development.
Around 15 percent of buyers in Chelsea Creek are from the Middle East, said Neil Bowron, sales and marketing director at St George Central London.
“Chelsea Creek to date has been very popular with this market with around 15 percent of our purchases to date from the Middle East. They are predominately from the UAE and Saudi but also a few from the other GCC countries so that’s why we are actively bringing the project to this area,” he said.
Read more: http://www.arabianbusiness.com/london-developer-eyes-mideast-buyers-489229.html
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