Luxury lodge bought illegally by Chinese businessmen goes back on sale - News Summed Up

Luxury lodge bought illegally by Chinese businessmen goes back on sale


Ben Leahy is a reporter for the New Zealand HeraldA multi-million dollar lodge boasting its own waterfall and helicopter pads - and which had previously been illegally bought by Chinese businessmen - is. That led the High Court to last year order Chinese businessmen Zhong Liang Hong and Xueli Ke to sell the property. Photo / SuppliedHong and Ke ran afoul of New Zealand law by buying the lodge in 2012 without Overseas Investment Office approval. Current owner Christopher Tanner was then able to snap up the "majestic purpose-built lodge" for $3.25m in March last year. Chinese businessmen Hong and Ke earlier bought the lodge in 2012 for $2.55m.


Source: New Zealand Herald October 22, 2020 16:02 UTC



Loading...
Loading...
  

Loading...