Capital city reaches for the skies

London has become the world's leading business and financial center, attracting companies and individuals with its unrivalled combination of investment opportunities, high caliber workforce, favorable tax regime, strong property market and world-renowned cultural facilities.

The building boom is a clear testament to the city's dynamism, leading to a strong sales and rental market benefiting purchasers and investors.

"We have an intrinsic belief in London as the best investment opportunity available when weighed against other international real estate options. It continues to be a strong city in all respects and I don't see that changing," says Tony Carey, managing director of St George PLC.

London's pre-eminence and growth has required new buildings and infrastructure, and the capital's skyline is being transformed by a series of new iconic commercial and residential buildings.

"Look at St George Wharf. It has everything you would want within 50 yards of your front door. It provides spectacular views of London from your apartment as well as a great combination of retail facilities. It is an all around great living environment," says Carey.

St George Wharf will consist of 1,400 residences and, when its final phase is completed in 2011, will be the tallest residential tower in London (183 m) with 50 stories and 223 apartments.

As the Chinese middle-income group grows, they are looking abroad for sound investment opportunities."We have a number of exciting new projects that we believe would fit the bill perfectly for our Far East investors. The projects are close to public transportation, on the cutting edge of design and environmentally sustainable," Carey comments.

www.stgeorgeplc.com

(China Daily 08/28/2007 page17)