Scarborough’s McCabe foresees continued Asian investment

MIPIM UK NEWS: Scarborough Group International’s Simon McCabe has said there is “still a big push” from China to invest in UK property. Speaking to Estates Gazette, he said: “I have had meetings this morning with people from China, wanting to invest in the UK and the message is at the moment there is a big push for people wanting to invest from that part of the world.” Scarborough agreed a major partnership with Hualing Industry and Trade Group last year to support the delivery of three major projects with a gross development value of £1.2bn – Middlewood Locks residential development in Manchester, the Thorpe Park mixed-use project in Leeds and Sheffield Digital Campus, a £40m commercial and office development. McCabe said: “We have Chinese and Singapore investors working with us on our projects in Leeds, Manchester and Sheffield and I can only see that continuing. There are further advantages for the overseas investors with sterling being a bit weaker for them at the moment, so they want to potentially look to buy in the UK.” • To send feedback, e-mail Louisa.Clarence-Smith@estatesgazette.com or tweet @LouisaClarence or @estatesgazette Click here for the news, views and analysis from MIPIM UK.