PCL Residential Report May 2011
“One of the safest ways to make money out of China and other emerging economies is to own things their new rich will want to acquire. The last twenty years have shown that liberalisation and privatisation of previously “closed” economies leads to a transfer of wealth from state to individual. Much of that new private wealth then bleeds out of its country of origin into mature, prime real estate markets, the most sought-after and best understood of which is Prime Central London residential property.
“Amongst other things an investment in PCL is thus an asset-backed, cash generative, liquid, transparent, legally watertight way to play rising wealth in emerging economies”
Founder and Fund Manager of The Prime London Capital Fund