One of the most important and exciting developments in the UK today, Liverpool’s £200 million New Chinatown, is well underway and attracting international investment into the city, thanks to the commitment of local property developer North Point Global.

The development, which broke ground in April this year, will transform Liverpool’s Chinatown, creating a vibrant mixed use area with 790 residential units, a 131 bedroom hotel and120,000 square feet of commercial space. Liverpool’s large Chinese community had been an important part of the city for over 200 years and a recent increase in Chinese investors acquiring a taste for international buy to let property has attracted further ties between our city and The Orient. North Point Global, the development company behind New Chinatown, is reporting that over 50% of units have already sold to a mixture of foreign investors and local owner occupiers.

The development has been designed with influences from modern Chinese architecture, traditional Chinese design philosophy and the ancient art form of zhezhi. Underpinning the whole master plan is the idea and motif of the awakening dragon – a powerful symbol of China’s resurgence and status as a new global power. Once complete this will be a place to live, work and relax – incorporating a spa, restaurants boasting the finest Chinese cuisine and spectacular rooftop views of Liverpool’s waterfront and majestic Anglican Cathedral.

Simon Clarke, sales director of North Point Global, said:

“As a fresh new company of just 18 months old, we are proud of the impact that North Point Global is already having on the changing face of Liverpool. New Chinatown and our other concurrent projects in the area will complete the multi-billion pound redevelopment of our city and attract millions into the area in foreign investment.

“We are marketing Liverpool with huge success to property investors in China and Hong Kong, where New Chinatown has met with a passionately positive response. We also welcome interest from local owner/occupiers and have sold units to a number of local residents and business owners already. As one of the top tourist destinations in Britain and the fastest growing economy in the UK outside of London, Liverpool presents an exceptional investment opportunity right now. New Chinatown is a unique project with unlimited potential.”

With Liverpool now officially recognised as the largest growing UK economy outside of London, the development has the support of the UK Government and is one of the big ideas underpinning their vision of a new Northern Powerhouse. Real estate giant CBRE has predicted a surge of eastern investment into the UK market over the next decade and international property agent Fraser & Co, an organisation traditionally specialising in London property, is offering New Chinatown as their first major investment opportunity outside the capital, in a bid specifically targeting Chinese
investment. Liverpool off plan developments are now catching the eye internationally.

Those interested in obtaining further information about the development can go to www.newchinatownliverpool.com or make an appointment to visit North Point Global’s presentation suite at the Edward Pavilion in the Albert Dock.