AI Issue 9 2017

Acquisition International - September 2017 53 In closing, Ms Li explains the exciting future in store for PGC Capital and any future developments she foresees within the wider investment industry. “Britain’s vote to leave the EU has not posed a problem for Chinese investors. In the UK, Brexit is a huge issue but in China, we see it as a first world problem. In China, property is in over-supply and it is overpriced. Chinese investors want a safe haven for their assets. That is what the UK delivers. “Our latest development is Lunar Rise in Digbeth, Birmingham, where we plan to build over 500 residential units. The name derives from the city’s Lunar Society, which comprised a group of 19th century polymaths, who would meet in Birmingham on the Monday nearest to the full moon. We are currently considering several new, mixed-use projects in the cities of London and Manchester. “In addition, we are in negotiations with several centrally-owned companies in China, to establish JVs for developments in the UK and northern Europe. PGC Capital will continue to invest heavily in the UK, because the fundamentals that make it a safe haven remain, namely the currency, climate, legal system, stability of the political system, the language and time zone.” Making a Positive Difference