Manchester property investment firm expands into Middle East
Manchester based property investment house The Blackmore Group has opened an office in the Middle East.
The firm has opened in Dubai and is planning to launch others in Japan and Hong Kong this year to expand its international presence.
Chief executive and founder of The Blackmore Group Phillip Nunn said the expansion will create opportunities for international investors to invest in UK real estate.
It will also see the launch of the Manchester-based real estate company’s Blackmore Bond to the international market.
The Dubai office will offer a marketing and administration function and will be a focal point for international business partners and investors to discover the opportunities provided by The Blackmore Group through its bond.
The office will be led by Mark Aitchison, head of International for The Blackmore Group.
Mark has worked in Dubai for 11 years, previously working with UK property and investment companies helping bridge the gap between the UK and global markets.
He has built strong networks across the Middle East, Asia, Europe, Africa and South America.
The rapidly expanding company also has its sights on Japan and Hong Kong.
The Tokyo office is due to open in May and Hong Kong later this year will see The Blackmore Group continue its push in Asian markets to attract international investors.
Mark Aitchison, head of International for The Blackmore Group, said: “We are expanding our operations to meet the increasing demand from international investors. There is a lot of appetite in these markets to invest in UK property.
“Fixed income is a hot topic right now for global investors. Dubai acts as the International HQ due to its location, time zone and transport links.”
Phillip Nunn added: “The Blackmore Group’s Dubai office will be the focal point for investors in Dubai and the Middle East to reach out to the UK real estate market. Hong Kong will focus on China and further afield.”
Built on an institutional model, The Blackmore Group is a dynamic company capable of maximising market opportunities by combining a blend of investment management experience and real estate expertise.
In 2017, the Group launched the Blackmore Bond to invest in UK property development and has completed 18 projects. A further £200m worth of developments are in the pipeline for Manchester-based property company.
The Bond offers investors the opportunity to be part of The Blackmore Group’s growth. The fixed bonds provide strong, fixed returns, with investors receiving security over the assets of the company.
Mr Nunn added: “Having grown rapidly, we are committed and equipped to build The Blackmore Group into one of the largest and most innovative firms in real estate investment management.”
The Blackmore Group has a diverse portfolio of high growth, premium assets, each painstakingly researched and managed by a team of property and financial services experts.
