www.lorec.co.uk

LONDON

2015 Edition

a WUKPG company

LOREC is a dynamic, boutique investment consultancy with offices in the heart of Shanghai and central London. Our dedicated team provide an exceptional service advising high net worth Chinese investors looking to invest in UK real estate.

LOREC solely focuses on working with renowned property developers to provide exclusive offers on the best residential developments in Central London and Manchester alongside developments and investments acquired through WUKPG. LOREC’s association with education and immigration companies of the highest calibre enables us to provide an all encompassing service. Our China based consultancy team of UK origin are fully immersed in Chinese culture, fluent in Mandarin and consequently have a comprehensive understanding of the ever changing and demanding expectations of our clients’ requirements.

LOREC focuses on hosting biannual summits in Shanghai and Beijing attracting Chinese entrepreneurs and delegates keen to understand the attraction for UK education, immigration and to invest overseas in UK real estate. LOREC summits are attended by keynote speakers, including lecturers from London universities, post graduates who have studied in the UK, leaders in UK government, China Britain Business Council (CBBC), immigration and property lawyers, heads of global real estate surveyors and global tax advisors. This ensures we only attract the right Asia Pacific clients looking to invest on a continued and long term basis into quality UK real estate.

LOREC focuses its core business on the acquisition of freehold residential developments in London, up to 50 apartments either built or off plan, with a purchase price of £1 million to £50 million for their private Asia Pacific clients.

EXPERT. TRUSTED ADVICE”

FROM LONDON...

Oliver Lipson, CEO

“

..TO SHANGHAI

n Up to date and expert knowledge of the UK property market.

n Comprehensive knowledge of local property tax and purchasing costs for overseas buyers.

n Better acquisition power through existing relationships with UK developers and agents enabling the best deal for our clients.

n Assistance with annual UK property tax returns.

n Exclusive access to allocations of new UK developments.

n Ability to secure preferential discounts with developers through LOREC’s buying power.

n Continued local point of contact between buyer and developer.

n LOREC will undertake a full snagging checklist and measured building survey post completion, on behalf of the buyer.

n Post-completion services; - Source professional tenants - Property management set up - Assistance with onward sales

n Provision of independent market valuation on completion.

WHY INVEST THROUGH LOREC?

GLASGOW EDINBURGH

NEWCASTLEUPON TYNE

LEEDSMANCHESTER

SHEFFIELD

NOTTINGHAM

BIRMINGHAM

LONDON

LONDON, UK

NEW YORK

ST. PETERSBURG

AUKLAND

BEIJING

CAPE TOWN

SÃO PAULO

MOSCOW

GENEVA

DUBAIMUMBAI

TOKYO

HONG KONGSHANGHAI

STOCKHOLM

SANTIAGO DE CHILE

MEXICO CITY

MADRID

SYNDEY

LOS ANGELES

WHY INVEST IN LONDON?London, the capital of England and the UK, is a leading global city. Its prominence as a leading city is demonstrated through its financial centre, tourism, transport, the arts, commerce, education, healthcare and media.

With 300 theatres, 500 cinema screens and 12,000 restaurants, London has a wealth of history and culture.

At the 2011 census, the population of London was 8.17 million, making it the most populous European City. London’s population is expected to exceed 10 million by 2031.

2011

2031

22%

With five major international airports, serving over 330 destinations, London is one of the best connected cities in the world.

London has a world-class transport system. Greater London is served by 12 Tube lines and 3.5 million passenger journeys are made on the tube every day. In addition London benefits from The Docklands Light Railway (DLR) and an interconnected local train network.

The UK government has launched a ‘Road Investment Strategy’, investing in the national road network to provide a world-class strategic network.

For more information about London Transport visit: www.tfl.gov.uk

London benefits from a wide selection of independent schools offering a high standard of education. The capital is home to over 40 universities, the largest concentration of higher education in Europe.

London is the world’s leading financial centre for  international business and commerce and generates more than 22% of the total UK Economy. The UK has the 5th largest economy in the world (2nd largest in Europe) by GDP.

WHY CHINESE INVESTORS LOOK TO THE UKChinese investment has risen over 1500% in London commercial and residential real estate since 2010, increasing from £54m to over £1bn at the end of quarter three 2013, reports JLL, so that London now receives more than half of all Chinese investment in Europe. Approximately 60% of the £4 billion Chinese invested in the UK last year was destined for London, with 40% (or £1.6 billion) dedicated to other locations. Chinese buyers seek out London property for many of the same reasons that motivate other international buyers.

THREE KEY MOTIVATIONS

n London property is considered a safe place to store and create wealth over the long term, and a convenient entry point for Europe. A survey by Knight Frank found that 47 percent of development experts say that the “safe haven” effect is the biggest draw for international property buyers.

n London is a global educational capital, with excellent secondary schools and universities that are open to overseas students, and where English the No. 1 foreign language in China is spoken.

n Due to the UK’s long history as a globe-spanning power, London is better known and understood in China than are other European countries.

Chinese investment in London property has increased over 1500 percent since 2010, to a new total of more than £1 billion per year. Chinese buy 27% of new London homes and account for 17% of the total value of all residential property transactions in London. An estimated 60% of purchases are investments, while 40% are for occupation. Overall, Chinese buyers spent US$30 billion on international property in 2012.

CHINESE BUYER TYPES

Entry Level Buyer

The typical entry level investor is seeking property investments that range in value up to approximately £500,000. There are more than 60 million middle class Chinese with the theoretical means to purchase entry level property in London. According to current trends, this number could increase by two thirds within the next 12 years.

Premium Buyer

The premium buyer are those with more than £900,000 in assets, are a large and growing buyer group in the UK. This buyer group is largely responsible for the fact that Chinese buyers account for 30% of all new London home purchases and 28% of all prime London property sales. With China’s domestic property market slowing, we anticipate these buyers will increase their purchases of UK property, leading to more high-net-worth transactions in London. Although we expect London to continue to attract more than half of all Chinese residential property investment into the UK, the investment growth in the rest of Britain will be more rapid in relative terms.

High-Net-Worth Buyer

High-Net-Worth buyers look for property valued at £20 million and above. Though relatively few in number, this is a significant group, with the potential to influence pricing. There are more than 700,000 high-net-worth individuals in China, holding investable assets valued at £2.1 trillion (RMB22 trillion). Approximately 5 percent of their investable assets, or £100 billion (RMB 1.1 trillion), are allocated to overseas real estate markets. The number of Chinese high-net-worth individuals is expected to rise by 137% over the coming 10 years.

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LONDON PROPERTY IS CONSIDERED A SAFE PLACE TO STORE AND CREATE WEALTH

WORKING IN ASSOCIATION WITH

ADDITIONAL SERVICES

n UK real estate lawyersn UK money transfers (for residential

property acquisitions)n UK tax advice (through Baker Tilly)n Search services for relocation to the

UK (including rental searches)n Bespoke construction and

interior design servicen Translation servicen UK viewing toursn Concierge service

One Tower Bridge

One Blackfriars

One Tower Bridge Bedroom

One Blackfriars Foyer

OURSERVICESn UK Property Investment and developmentn UK Property Lettings & Management n Immigration Visa Servicesn Mortgage & Banking Servicesn Education Advisory & Student Accommodation Placement

CGIS OF TYPICAL UK DEVELOPMENTS INTRODUCED TO CLIENTS THROUGH WORKING IN ASSOCIATION WITH BERKELEY GROUP

EDUCATION ADVISORY & STUDENT ACCOMMODATION PLACEMENT LOREC understand and appreciate the importance of international study and education which forms the underlying foundation for long-term Chinese investment into the UK. We have formed a strategic partnership with well-placed educational advisory companies enabling Chinese students to benefit from a UK education.

BE Education was founded in 2003 with the aim of helping Chinese students gain entry into the most reputable schools in the UK. BE have experienced great success in the past 10 years and consequently have opened up offices in Shanghai, Beijing, Chengdu, Shenzhen, Changzhou and Oxford (UK) preparing China’s young future leaders for success in an increasingly interconnected world. 

BE Education work alongside local and foreign governments, top universities such as Oxford, Imperial and Dartmouth, and the most famous boarding schools in the world such as Eton, Charterhouse, Tonbridge and Institut auf den Rosenberg. Their corporate partners include multinational and international companies such as Harrods, Selfridges, JLL, Savills, HSBC and LOREC and it is through this partnership that LOREC are able to provide the best educational services for VIP clients.

New Oriental Vision Overseas was established in 2008 as a subsidiary of New Oriental Education and Technology Group Ltd and is dedicated to providing professional counselling and recruitment services to students who desire to study abroad.

New Oriental is recognised as the most reputable popular language training service provider in China and it is for this reason LOREC has partnered with New Oriental Vision Overseas. We passionately believe and strive to achieve together, CEO and founder of New Oriental, Michael Yu’s vision “Roads are formed when people walk towards the same destination, we are here to make roads for more people who need them”.

By 2014, New Oriental had helped over 13 million students through an extensive network of 55 schools, 6 industrial organisations and 500 training centres. New Oriental Vision Overseas employs over 1500 councillors and has grown from 2 centres in 2008 to 30 in 2014, specialising in providing the following services;

Counselling on student requirements University enrolment and suitability assessment Visa and placement application and processing Settlement services

PROPERTY LETTINGS & MANAGEMENT LOREC have established a successful partnership with Brunsfield, providing an ongoing Property Letting and Management service.

ABOUT BRUNSFIELD

Brunsfield specialises in the letting and management of properties in London for private UK and overseas-based investors.

Brunsfield’s approach is to act fairly in their dealings with investors and tenants alike in providing a service based above all on performance, value and attention to detail. They believe that property management should be considered as an integral part of the investment process rather than as an afterthought and that pro-active, rather than reactive management will increase both rental returns and resale values.

Brunsfield understand that every management cost will ultimately affect net income, making sure that decisions are made with the client’s best interests and investment aims in mind. A pro-active approach will keep rents rising over time and Brunsfield hold a natural bias toward the longer term. Good communication with tenants is a key part of their approach as is an effective and quick response to maintenance issues using trusted and reliable contractors. Brunsfield is a member of the Property Ombudsman scheme and the Institute of Residential Property Management.

MORTGAGE & BANKING SERVICES LOREC has a strong working relationship with the Bank of China (UK) and can offer exclusive mortgage rates, money transfers and UK Bank accounts.

PREMIUM RETAIL BANKING

Without travelling to the UK, the banking services you can apply for:

n Enquiry & Consultancyn Multi-Currency Account Openingn Money Remittancen Mortgage Application

Why choose BOC (UK) Ltd?

n Culture and Languagen No UK Visa Requiredn Overseas Income Acceptedn International Money Transfer

FOR FURTHER INFORMATION VISIT: WWW.LOREC.CO.UK

IMMIGRATION VISA SERVICES We pride ourselves on being able to provide to our clients a full end to end service model and advice across all types of UK Immigration categories. Regardless of whether you are an investor, a businessman or a student wanting to relocate to the United Kingdom we can help you with:

n Tier 1 Investorn Tier 1 Entrepreneurn Tier 4 Studentn Plus other immigration routes

We work in partnership with Faegre Baker Daniels LLP, an international law firm, with on the ground support in China and a high level of expertise in the United Kingdom.

PAUL TERRY London Investment Consultant

Paul has worked in the London residential investment market for over ten years. Born and raised in Westminster, Paul has an extensive knowledge of the city and is able to keep abreast of the ever changing market and new investor hot spots. Paul is focused on sourcing freehold residential developments as well as overseeing specific search / relocation requirements for clients looking to live, work or study in the UK.

“Working with an established network of agents, surveyors, architects and developers allows for a high quality service.”

ZHU YU Client Liason Manager

Fluent in Mandarin, Zhu is a constant point of contact for LOREC’s growing number of Asia Pacific clients. A qualified lawyer, Zhu has a strong track record in both academic and commercial fileds.

“To be fully immersed in Chinese culture helps us to understand our clients’ ever changing expectations and requirements.”

WENDY WILKES Office Administrator

Wendy provides administrative support to the development team, co-ordinating LOREC’s day-to-day operations.

“I am proud to be part of a dynamic team, providing a unique and all-encompassing service for an exciting clientele.“

JAMES LLOYD BA(Hons) MSc Asia Pacific Director

Originally from the UK, James relocated to Shanghai in 2014 to head-up the Asia Pacific office. After completing an MSc in Real Estate Development, he gained a wealth of experience working for Chinese company Sunbright Properties overseeing over £100 million of property investment and new build developments across the UK. A student of Mandarin, James taught English at a number of Chinese schools before joining our team.

“Good communication and flexibility is essential to building strong, long-term relationships with our clients.“

DANIEL LLOYD LLB (Hons) Development Director

Daniel has been with WUKPG, the parent company, since 2010. As Development Director, Daniel oversees all residential land development opportunities. This includes feasibility and construction cost reports, through to detailed planning applications and project management of all “turn key” developments.

“A smooth operation from start to finish ensures developments are completed on budget, on time and to the high specification and finish LOREC demands.”

MEET THE TEAM

OLIVER LIPSON CEO

Oliver has 17 years experience in UK residential and commercial property development, with a comprehensive understanding of all aspects of the property industry. He founded LOREC in 2014 to help fulfil the growing demand for Chinese investment in the UK property market.

“The key to success in this industry is a balance of timing, finance and being able to react appropriately when necessary.”

CONTACT INFORMATION

UK Enquiries

Oliver Lipson CEO

E oliver@lorec.co.ukM +44 (0) 7977982099 T +44 (0) 207 1124912

China Enquiries

James LLoyd Asia Pacific Director

E james@lorec.co.ukM +86 156 1891 9365 T +86 (0) 21 8017 7851QQ1514085418

London office2nd floor, Berkeley Square House, Berkeley Square, Mayfair, London W1J 6BD

Shanghai officeSuite 2307, 27F Kwah Center House, 1010 Central Huaihai Road, Xuhui District, Shanghai 200021, People’s Republic of China

Hong Kong officeSuite 2302, 23F Caroline Centre, 28 Yun Ping Road, Hong Kong www.lorec.co.uk