In today’s competitive globally-focused commercial landscape, having a stable, business-friendly platform has never been more important, and the Channel Island of Jersey is finding it consistently ticks the right boxes across a broad range of business sectors.
Locate Jersey, part of the Economic Development Department within the Government of Jersey, is the body responsible for promoting, attracting and retaining inward investment for Jersey by focusing efforts on economic growth and supporting high value individuals and their families who are looking to relocate.
Key players spot advantages of collaborating with local investors
The Greenlandic venture company, Greenland Venture, has expanded its activities in recent years. It no longer limits itself to investing in national companies but is now also collaborating with international companies that are interested in investing in Greenland and Greenlandic businesses. Last year, Greenland Venture signed a high-profile contract that increased its stake and investment in True North Gems Greenland, which has just now opened Greenland’s very first ruby mine at the Aappaluttoq deposit south of Nuuk.
One of the biggest recent developments in auto industry site selection took place in the summer of 2014 when BMW announced plans to build a $1 billion manufacturing facility in San Luis Potosi, Mexico. When the plant comes online in 2019, it is expected to churn out some 150,000 units per year.
The announcement came less than two years after Audi had announced its own plant in Mexico, a $1.3 billion facility San Jose Chiapa, where the Q5 luxury SUV will be produced this year. These dual announcements were significant for several key reasons. First, the high-profile decisions of BMW and Audi showed a strong vote of confidence in the ability of Mexico to produce high-end luxury automobiles. For a while, Mexico was considered primarily as a low-cost destination for manufacturers to crank out compact and sub-compact cars. The two luxury, German automakers quickly dispelled that myth, both citing faith in the capabilities of the Mexican workforce and its established heritage in the auto sector.
A few miles across the English Channel from France and Belgium you’ll find the South East of England, one of the country’s most attractive and prosperous regions. It’s also home to Basingstoke, an economic powerhouse that punches well above its weight, surrounded by beautiful English countryside but still within an easy hour’s reach of London.
Over a century after Thomas Burberry, founder of iconic fashion brand Burberry, opened the doors to his first store, this once market town saw the sixties and seventies remap its core to help accommodate the London overspill, resulting in its rise as a place of economic importance in the UK with many world known brands like The AA, AXA Wealth, De La Rue, Sony, Fujitsu and Motorola making it their home.
Property investors and business leaders, no matter where they are in the world, know all about London. It’s a ‘must be there’ location for many leading global businesses.
From an investor point of view, it has provided significant returns for many property investors. Stable and consistent capital appreciation and yield delivery contribute to London’s reputation as a global investment haven.
With values and demand for property, both commercial and residential, now ahead of pre-recessionary levels, price rises have put city centre property beyond the comfortable reach of an ever growing demographic of housebuyers, renters and indeed the commercial occupiers who have helped make the city what it is today.