InvestUK has secured a partnership agreement with Henry Global Consulting Group, one of China’s largest overseas property investors, to participate in InvestUK’s USD1 billion Education Bond, targeted at UK affordable housing.
The Education Bond is a product that allows foreign students to invest in UK affordable housing with the yield on their investment providing them with a bursary to fund their tuition fees, a share in the investment profits, as well as entitlement to apply for UK indefinite leave to remain.
Henry Global has more than USD3 billion under management and invests up to USD50 million per month into US and Canadian projects, particularly focusing on much-needed development in less affluent 'target employment’ areas. The firm invests private client funds alongside its own assets.
This agreement represents the first time Henry Global has directed its Chinese outbound real estate investment programmes towards the UK.
InvestUK chairman Rupert Gather says: "This agreement with Henry Global is a milestone in foreign direct investment into the UK, and a further vote of confidence in Britain's post-Brexit economy. We are delighted that Henry Global has selected InvestUK to be its UK investment partner and we look forward to working with them to fund Affordable Housing and the job creation that comes with it."
The agreement was signed in Beijing at the Real Estate & Overseas Investment Summit, the largest conference of its type in China. It follows the launch last month of the Education Bond by InvestUK and Gaw Capital, an international private equity real estate firm based in Hong Kong.
