Chinese investment helping alleviate Auckland housing supply crisis, consultant says

Thu, 07 May 2015

By Paul McBeth May 7 (BusinessDesk) - The Fairway Bay Gulf Harbour property development north of Auckland, a $550 million project that provides work for 500 people, would never have happened without Chinese investment, says a consultant to the development company. Top Harbour, a syndicate of Shanghai Zendai Property, Shanghai Pengxin's Jiang Zhoabai and local firm Westlake Investment bought Jamie Peters' Gulf Harbour development out of receivership in August 2012 for $35 million, transforming it into an eight-year, $550 million project th...

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