Integritas Property Group, which describes itself as one of the fastest-growing property developers in the North West of England, is opening a new office in Dubai.
The move is aimed at bringing foreign investment into the region, which is seeing a regeneration boom.
The new office - located in Business Bay, one of Dubai’s central business and commercial hubs - will serve as a base for IPG’s existing investors in the Gulf Cooperation Council and Middle East regions.
From working with first-time to seasoned investors who want to explore diversifying into the UK real estate market and ultra-high net worth investors for Joint Venture Partnerships, IPG’s new Dubai office will be a base for the group to expand across Middle East. Leah Higginson and Lori Driscoll, who both have extensive experience in global investment management, have been recently appointed to manage this new venture.
IPG chief executive Mitchell Walsh says: “We are excited to be expanding our international presence with the opening of a new office in Dubai. Over the last 18 months, we have seen an increasing demand from our Middle Eastern investors and wanted to ensure that we were able to offer them the best possible service.”
Leah Higginson, global investment manager, continues: “IPG’s Dubai office will showcase the immense potential of the UK's property market, which has consistently attracted a diverse array of property investors, including those from overseas. The UK's property market offers stability in the economy, a secure and well-regulated legal framework for property investment, currency hedging against fluctuations in the GCC currencies alongside a consistent track record of performance in terms of rental yield and capital appreciation.
Liverpool, the home of IPG, is also seen an emerging hot spot for landlords, with annual apartment rental rates surpassing the national average rental increase, 10 per cent, signifying a significant upturn in the city's real estate sector.
IPG will initially promote its Sovereign Point development, situated in Liverpool, UK, while actively seeking investment opportunities for Dubai investors within its other units across all its developments.