Investors originating from china have indulged in two islands situated in the heart of New Zealand, a luxury tourist resort will be built and implemented there. These two island sit side-by-side and neighbours to the city of Auckland and worth a total of $30.2 million Dollars!. Along side the deal,the Chinese Rainbow company was handed the right to purchase a 81 percent stake in a company by the name of Lee Island Investments (NZ). Lee Island Investments (NZ) are planning to develop a six star luxury resort on the land impregnated with restaurants,suites, entertainment and business facilities. The islands will exist as a native reserve. The resort is estimated to cost an investment of 130.6 million New Zealand dollars.
Note - New Zealand's Overseas Investment Office sold the islands and concreted the deal with China's Rainbow Holdings NZ.
