Prefabs and Chinese Students Are U.K.’s New Homebuilding GambitBy
Education bond expected to raise as much as 1 billion pounds
InvestUK and Gaw Capital to fund homes with some of proceeds
The U.K. may have an unlikely solution to its housing crisis: wealthy overseas students and pre-fabricated homes.
InvestUK, a foreign direct investment adviser, and Hong Kong-based Gaw Capital Partners plan to raise 1 billion pounds from the sale of a bond and use some of the proceeds to finance property projects including affordable homes, the firms said in a statement. Overseas students who invest at least 2 million pounds ($2.46 million) will gain permanent residence after five years…
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