Thailand's Oaks Hotels given all-clear to buy Auckland's Metropolis apartments

Mon, 09 Jan 2017

By Rebecca Howard Jan 9 (BusinessDesk) – New Zealand’s Overseas Investment Office has given Thailand’s Oaks Hotels and Resorts NZ a green light to buy the Metropolis Apartment Complex in central Auckland. Oaks Hotels and Resorts NZ, a unit of Minor International, plans to introduce its Avani brand to New Zealand by upgrading the complex, Land Information New Zealand said today after publishing the November decision. The OIO is an autonomous operational unit of LINZ, with statutory responsibility for investigating, approving and making rec...

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