The surge of Asian investors flooding into London is driving up rent and house prices, as well as reigniting interest in long-neglected properties and neighbourhoods, according to German publication, Die Welt (18 January 2014). One example is the Ram Brewery in South West London, which was the oldest British brewery until it closed and was sold in 2006. Now eight years later, the property has been purchased for € 723 million by the Greenland Holding Group Co., which plans to build 661 new apartments, a 36-floor skyscraper, 9,500-sq. ft. of restaurants and shops, a museum and a mini-brewery there. With London widely regarded as a safe harbour, Chinese investment is expected to increase by a wide margin – Chinese investment in London real estate rose 175% alone in 2013. According to Simon Henry, Co-CEO of, the main factor driving this surge is the desire to diversify their portfolio abroad. Other driving factors include tightening regulations in China's domestic property market restricting investors to only two apartments per household, London’s stable conditions and increasingly affluent customers, as well as its reputation as a city that offers top-notch education opportunities. Besides the Greenland Group, other Chinese investors include Dalian Wanda, which intends to build a new luxury hotel on the South bank of the Thames, and also the Chinese Vanke Group.