Global source funds for London are diverse and broad

Author: Patrick Sanville

Categories: Asia, Europe, Financial, Investment, Middle East
Tags: development, market improvement
Patrick Sanville: ”What we’re seeing is a very diversified, a broad base and diversified base of source of funds.  We have the private money, private equity, family office, a lot of French funds.  I’ll give you an example, three hotels, smaller hotels were sold last year in Paris for close to over one million a key, and all bought by private funds for families, so ranging from €40 to €65 million.  So there’s that kind of money.  Then we have of course the southern funds and the Middle Eastern funds to start with, the Qatari, the Abu Dhabi and others.  And then we have the Chinese, are making their first entry on the Paris market, buying a property, which is managed by Marriott.  And so the Chinese, there was a lot talk about it and nothing else happened but now they’re here for real.  And many … you know, that’s continental China and you’ve got people from Singapore, from Hong Kong also looking at the, they would focus mainly to London to start with where they are very comfortable with and Paris and the Côte d'Azur.”
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