The UK is well established as one of the world’s major trading nations. According to the Centre for Business and Economic Research (World Economic League Table 2013), the UK is the sixth largest economy in the world with a GDP of around US$2.44 trillion.
With a population of 63.2 million, the UK is a major market in its own right. It is also the gateway to the European Market with its 27 member states and over 500 million consumers. While remaining an influential member of the EU, the UK retains sovereignty over its currency. This allows businesses in the UK to react flexibly to changing market conditions – a huge advantage for inward investment.
• UNCTAD’s World Investment Report 2013 confirms the UK’s strong position as a top global destination for foreign direct investment (FDI).
• In 7th place globally, the UK is ranked as an easier place to do business than many other major European economies.
• The UK Government is committed to creating the most competitive tax regime in the G20.
• The UK has a comprehensive regime to support the development and exploitation of intellectual property (IP).
• The World Economic Forum rated the UK as having the fifth most efficient labour market in the world as part of its Global Competitiveness Report 2012-2013.
Knightsbridge is one of London’s richest and most exclusive areas. Home to both the most luxurious residences and retain outlets, south of Hyde Park, it attracts millions of visitors. It is touted in the London Plan as one of two international retail centers in London, alongside the West End. Today the term Knightsbridge is used by estate agents to indicate the wider area around Harrods. As such it is made up of Knightsbridge in the North, much of Brompton for the main central part and parts of Belgravia in the East.
Mayfair is another highly luxurious area of central London, by the east edge of Hyde Park, in the City of Westminster. The district is now mainly commercial, with many former homes converted into offices for major corporations’ headquarters, embassies, and also hedge funds and real estate businesses as well as many opportunities for leisure and retail. There does, however, remain some residential property, as well as exclusive shopping and restaurants. It also touts the highest concentration of luxury five-star hotels. Rents are among the highest in London and the world.
Piccadilly is a major thoroughfare, beginning from Hyde Park Corner in the West to Piccadilly Circus in the East, firmly situated in the City of Westminster. The area of St. James’s lies to the south of the eastern section of the street, while the western section is built up only on the northern side and overlooks Green Park. The area to the north is Mayfair. Piccadilly is one of the widest and longest streets in central London. Fortnum & Mason, the Royal Academy, the Ritz Hotel, the RAF Club, Hatchards, the Embassy of Japan and the High Commission of Malta are all there. The site is also home to the the flagship branch of the major book selling chain Waterstone’s.
Kensington is a wealthy district within the Royal Borough of Kensington and Chelsea in central London. Its commercial heart is Kensington High Street. It is also known as the museum district. To the north, Kensington is bordered by Notting Hill and Holland Park; to the east, by Brompton and Knightsbridge; to the south, by Chelsea and Earl’s Court; and to the west, by Hammersmith and Shepherd’s Bush.
LCAM’s acquisitions team have experience with and knowledge of the real estate market outside London, particularly within the North-West region of the UK. Namely, Manchester, Birmingham and Bradford have been sources of exuberant profits for yearly income and capital appreciation. We have enjoyed and received many successes in the purchase and development of distressed stock where adding value has been easy.
Investing in UK is very safe as our government is one of the most stable of the world. The UK is a constitutional monarchy where the monarch is the Head of the State and the Prime Minister Head of Government. The Prime Minister leads the government with the support of the Cabinet and ministers David Cameron (from Conservative Party), is now the Prime Minister, he is based at Number 10 Downing Street in London and he is ultimately responsible for all policy and decisions. The Deputy Prime Minister, Nick Clegg MP, is the deputy head of government. He is the leader of the Liberal Democrats and was appointed Deputy Prime Minister when the coalition government was formed following the 2010 general election. His office is part of the Cabinet Office at 70 Whitehall. The Cabinet is made up of the senior members of government.