I thank my hon. Friend for sharing that fact. Those figures were not quite on the tip of my tongue, but it does show that the level of overseas investment in the city is pricing everybody else out, leaving the centre of the city void of community life. People are spotted around the city, but do not actually live in a community.
We are not looking at the infrastructure needed to support these developments—social areas, additional staff, schools and other facilities—because that is not part of the legislation either. One concern is this: we talk about limited partnerships being agreed, but what happens after that agreement? Plans and proposals can change. Ultimately, we could end up with a very different animal to what we started with.