London is the favorite investment location for Hong Kong construction companies and developers.
For instance, CK Asset Holdings that belongs to the tycoon Li Ka-shing is building the Convoys Wharf Project worth 1 billion pounds in the southeast London. Knight Dragon Developments backed by the billionaire Henry Cheng Kar-shun is investing the same amount in the construction of a mixed-use development on the Greenwich Peninsula.
Chinachem Holding has recently purchased Kaleidoscope, a building in the London Downtown that accommodates the TikTok headquarters. Donald Choi, Executive Director at Chinachem, believes that this city is one of the world’s largest financial centers and hubs of related professional services.
London still attracts global enterprises, and many Fortune Global 500 companies chose the UK capital as the location of their European headquarters to have access to highly competent labor. This is a global center of talented professionals with a buzzing cultural life and an invariably strong real estate market.
London’s popularity among international investors evidences the city’s great potential as an investment destination capable of generating considerable profit in the long term.