In an exclusive interview with Development Finance Today, Jamie Johnson, CEO and co-founder at FJP Investment (pictured above), said that it was looking to replicate its success in the UK market overseas with the introduction of new offices.
The company — which is an introducer of UK property-based investments to a global audience of high-net-worth investors — has been expanding its office presence this year, including a new London office.
Around 60% of its investors are UK-based, with the rest from overseas.
Jamie claimed that Hong Kong was the first destination it would look to open a new office, while Dubai, Doha and Singapore were also desired locations.
He hopes to open a Hong Kong office within the next six months, but stated that it was waiting until Brexit was sorted.
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“If we're going to target Hong Kong in a scalable way, then really the product that we’re going to want to take to Hong Kong is … ‘Come and invest in the UK.’
“So, we're not going to want to do that just yet, until this UK [Brexit] business is sorted out.”
Despite the international expansion, it would still focus on UK property developments.
“…We’ve come up with this project in France [and] we’ve got a project in Portugal, which we're launching in the next couple of weeks — but this is really a temporary measure; our main business is the UK.
“…So, the UK is always going to be where we want to raise our finance for.”
The firm sources funding for developments between £2m–10m with interest rates at typically 1% per month for terms between 12–36 months.