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PRIVACY
Economic Development

Review of 2015 - May: Chinese investment, Felix Dennis' estate and combined authority

In May a delegation of Far East investors revealed they were eyeing projects in Birmingham, the estate of late publisher Felix Dennis was put on sale for £10m and plans started to create a new combined authority

From left: Birmingham businessmen James Ng and Anthony McCourt with Far Eastern investors Dr Ching-Chih Chen and Denise Li who met during May to discuss opportunities in the city

A group of wealthy Far Eastern investors were planning a major spending spree in Birmingham - and had huge regeneration schemes in their sights.

A consortium headed up by Denise Li, president at GlobalChina Wealth Management Company, planned to filter capital from the super-rich of China and Taiwan into property, infrastructure and energy schemes in the º£½ÇÊÓÆµ.

Speaking to the Post on a visit to Birmingham, Ms Li said the city was its principal focus, rather than London, which she said was "saturated".

While Ms Li did not reveal potential investments, the group's spending power would stretch to huge schemes like the Birmingham Smithfield development at the Wholesale Markets, regeneration around Curzon Street Station and the Icknield Port Loop residential quarter.

The estate of the late publisher Felix Dennis was put up for sale for nearly £10 million during this month - and it was just as colourful as he was.

Mr Dennis, a regular on the Birmingham Post Rich List who died last year aged 67 after battling throat cancer, moved to The Old Manor in Warwickshire in 1987.