Logistics chief briefs Chinese business leaders on West’s industrial hotspots
Property News - Logistics chief briefs Chinese business leaders on West’s industrial hotspots
Colliers International logistics chief Tim Davies was among city business leaders invited to brief a high powered delegation from the Chinese city of Shenzhen.
The event was organised by the West of England China Bureau supported by INVEST Bristol & Bath and HSBC to explore closer trade links between China and the UK.
A number of leading local organisations were represented including Gregg Latchams, Burges Salmon, Clarke Willmott and the University of Bristol.
The high powered delegation included business leaders from a number of key industrial and commercial sectors in Shenzhen including electronics, investment, property, communications, banks, manufacturers and the region’s wine industry.
Tim, who heads up Colliers International’s Bristol office, outlined the top five deals across the region’s industrial, office and retail sectors before being quizzed on a wide variety of commercial property issues – especially on yield variations between different types of property.
He said: “This event was a real eye-opener in terms of the insights offered to business people thinking of trading with China. Although the event itself had been quite formal the question and answer session became particularly animated as members of the delegation were very specific in terms of the type of property they might be interested in and the returns offered.
“They were also interested in finding out what tax advantages, if any, might be gained from investing in Bristol and the West.
“It was an ideal opportunity to meet people from a city described as China’s Silicon Valley and get some idea not only of the different ways our Chinese equivalents operate but also of the sheer scale of the business opportunities in cities like Shenzhen.”
Tim said the firm’s global presence had already given Colliers International essential insights into overseas trade opportunities. He believes working more closely with agencies such as the West of England China Bureau will further stimulate the rapidly developing market.
“Given the money being spent in central London the UK is clearly seen as a safe haven for financial investment. We wanted to make sure the Shenzhen delegation went home knowing that the Bristol and Bath areas also provide similar opportunities to Central London – not perhaps on the same scale but definitely in terms of quality.”