Guernsey and Jersey are fast becoming seen as the jurisdictions of choice for Asian funds.
A recent article from Guernsey Finance highlighted that international investors are increasingly seeking reputable jurisdictions that are well regulated, conveniently located and have service providers with experience and knowledge. Investment into London's booming real estate is especially sought. Furthermore, according to a recent article in Estates Gazette, Jersey's convenience and appeal are also unlikely to dim for international investors, particularly in Asian markets.
Richard Divall, head of Europe, Middle East and Asian investment at Colliers International, points out, Asian money has dominated London investment and this will increasingly be channelled through the Channel Islands.
He says: "In 2013, Asian capital dominated the London investment market and this continues with second- and third-wave Asian capital including Chinese and Taiwanese Insurance Companies and cash rich developers. Malaysian KWAP bought an 80% share of Uxbridge Shopping Centre, UOL bought the Heron Plaza site from Gerald Ronson and there is a huge focus on Canary Wharf."
Richard is confident that Jersey's reputation will allow the Channel Islands to win more than its fair share of this tide of Asian money and that investors will join the many others for whom the Jersey shore is undoubtedly appealing.
Michael Morris, head of UK Property at Collas Crill, said: "It is not only the proximity of the Channel Islands to London that makes Guernsey and Jersey so attractive for individuals and corporates. We have earned our chops over the last 50 years and have significant real estate expertise on both islands, covering real estate and fund administration, taxation and the financing of UK property."
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