Chinese have purchased two Auckland islands to set up a six-star luxury resort

#auckland #luxuryresort #manukauharbour The Chinese business is always on the lookout to extend their opportunities and it has been reported in nzherald.co.nz dated 30 January 2015 that they have bought two Auckland islands linked to the mainland in a $41.5 million deal.
The resort being planned would be a $130.6 million six-star luxury resort and native reserve.
The islands are Pararekau Island and Kopuahingahinga or Lee Island with a total area of 27ha – both are alongside each other and connected and are standing in the Manukau Harbour across from Wattle Downs.
It is understood from the report that Lee Island Investments (NZ) would set up a six star luxury resort on the land. The resort would include suites, restaurants, entertainment and business facilities on Pararekau Island. On the other hand, Kopuahingahinga Island will become a native reserve.
It may be noted that other countries are also buying up land in the region to set up businesses. Some of these are –
Sweden's Southern Pastures Limited Partnership
Thailand's TCC Assets, International Beverage Holdings and Interbev Investment
French owned Cloudy Bay Vineyards
Canadian Government's Cumberland Dairy Farm
Japan's Pan Pac Forest Products