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• GRE Assets forthcoming finance firm to provide project financing for the company as well as its investors
• The £500million development offers investors premium properties in a prime location in Brighton
Abu Dhabi - GRE Assets, leading specialists in investment and management of UK real estate, is inviting GCC investors to explore lucrative opportunities at its upcoming Brighton Marina development in the UK - a £500million project offering investors premium properties in a prime location.
Spanning an area of 126 acres with 1600 berths, Brighton Marina is the largest marina in Europe, opened by Queen Elizabeth II in 1979.
Given that 35% of the demand for the Brighton Marina project is expected to arise from foreign investors, especially from the GCC, the high value-for-money development presents a lucrative business opportunity for UAE investors looking to benefit from the positive momentum dominating the UK's real estate at this time.
Michael El-Kassir, General Manager International, GRE Assets, said: "Brighton's real estate market is poised for tremendous growth in the years ahead and we are confident about its potential. The decision to invest in Brighton Marina came as part of our wider growth and strategic plans - aimed at further strengthening our diverse portfolio of projects within the country."
"Additionally, GRE Assets is also planning to set up a dedicated financing wing in the near future to manage the financing of the company's as well as its investors' assets. This offers potential stakeholders from the region an additional incentive to invest in the highly anticipated project," he added.
According to a HSBC report published in 2014, Brighton was listed among the top two cities in the UK with the fastest growing rental yield for investors after Reading . These findings are a positive indicator of growth for the real estate market in Brighton, encouraging serious GCC investors to explore and take advantage of profitable, long-term investment opportunities in the UK.
With an investor base of over 2000, GRE Assets is one of the few companies in the UAE and the only one in KSA to provide investors with the turnkey services from acquisition to management to exit, including opening of bank accounts, tax structuring, setting-up of off-shore companies, legal services, property management, evaluation of the investment portfolio on an annual basis, to list a few.
GRE Assets recently opened an office in Dubai in October 2014 and has been operating in KSA since 2006 with offices in Riyadh and Jeddah.
GRE Assets is exhibiting at Cityscape Abu Dhabi at Stand No 6E30. The three-day exhibition is being held from 21 - 23 April 2015 at Abu Dhabi National Exhibition Centre.
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© Press Release 2015
