The latest issue of Industry Week included an article by Adrienne Selko on the advantages for companies of investing in newly developing industrial regions at an early stage of their growth in order to secure good sites and well built and well managed plant and warehousing. Does this theme suggest that there is scope for private investors in spotting the up-and-coming places with a view to residential real estate investments?
The July issue of Atlantic Monthly included an excellent assessment by James Fallows of industrialisation in the China’s Guangdong Province. Part of the article is a profile of Irish-born Mr Fixit, Liam Casey, whose business is sourcing suppliers for foreign businesses, at which he is highly skilled. However, although there are commercial real estate opportunities in Guangdong (science and technology parks, for instance), it doesn’t seem as if they will be open to overseas investors for while, and, as for residential developments, Mr Casey has been living in the Sheraton Four Points and other hotels for over 10 years. Although Shenzhen has a buzz, it is not a much loved city, business people visit but donâ’t stay; even the thousands of workers aspire to return to their own region when they’ve made enough money.