FIRST Pacific Davies (FPD) has set up a specialist department and formed an association with British estate agency Savills to tap growing Hongkong interest in the British property market. The aim is to offer local investors a full range of properties, but FPD will focus on finding buyers for high-profile, multi-million pound ''trophy'' buildings. The move follows a surge of interest in British property among Hongkong investors and involvement by both FPD and Savills in major transactions concerning Chinese buyers. FPD was recently connected with the sale of London's landmark Battersea Power Station to its new Hongkong owners, the Hwang family, while Savills masterminded a multi-million-pound sale of property, including Docklands residential development The Anchorage, to a high-profile mainland Chinese bank. FPD managing director Mr Godfrey Blott said: ''With British property at the bottom of its current cycle, interest rates low and sterling weak, Hongkong investors have the best climate in decades to profit from UK property. ''There are some exciting investment opportunities available, with yields well into double digits and the likelihood of considerable capital appreciation as the economy emerges from recession.'' FPD has hired investment specialist Mr Andrew Pang, who worked in the British property market for five years, to build FPD's British investment business. He will work alongside business development manager Mr Frank Marriott and Mr Blott, who also both have backgrounds in the British market. The FPD team will work in conjunction with senior personnel at Savills' head office, including residential director Ms Victoria Mitchell and commercial director Mr James Dean, who are among the most experienced estate agents in central London.