Chinese investment ‘massive vote of confidence in Sheffield’

Chinese investment ‘massive vote of confidence in Sheffield’

Todays other news
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
The first one is in Manchester - but will the...
Grainger is selling its low-yield stock and pinning its hope...


A major Chinese manufacturing firm will invest more than £1bn in Sheffield over the next 60 years, including around £220m by 2019, Sheffield City Council has announced. 

The bulk of the funds will be invested in the city centre, and although no individual projects have yet been confirmed, much of the investment is expected to go toward building new hotels, leisure and residential properties.

The large-scale investment in the city has been described as a “massive vote of confidence in Sheffield” by local Councillor Julie Dore.

“We have the skills and the connections to drive economic growth in our city,” she added.

The money, announced after council leaders visited Chengdu, is the biggest Chinese investment deal outside London, according to Dore.

Wang Chunming, Sichuan Guodong’s chairman, has personally visited Sheffield on numerous occasions and previously said it has “real growth potential”.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The agency is also seeking other partnerships in Portugal...
There's an analysis of 13 different overseas investment hotspots...
The Spanish PM says he would like an outright ban...
With Spanish investment properties set to be taxed, is Florida...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here