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Saudi Arabia backed Eamar Developments (UK) Ltd has bought two residential blocks on Wilbraham Road for a combined price of £5.5million. Property Law specialists Jackson Barrett & Gass acted for Eamar Developments on both purchases.

The first to be acquired was 34 unit Wilbraham Court 1, previously known as Lincoln Service Flats, on Wilbraham Road for £1.25m. New build 36 unit Wilbraham Court 2 was then bought for £3.585m months later. Both properties are being managed and marketed by lettings specialist Philip James.

The figures and foreign investment may surprise some but according to Colliers (2012), Manchester has attracted more foreign property investment than the other non-London Big Six cities over the last 5 years, partly due to Manchester actively promoting strategic initiatives since 1986. Manchester’s approach to business promotion through the Business Leadership Council aligns...

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