Property News · February 18, 2020

Joint venture to go ahead with US$12.2 million Western Australia resort aimed solely at Chinese tourists


A joint venture between an Australian and a Chinese company will go ahead with the development of a A$18.2 million (US$12.23 million) resort project in Western Australia targeting solely Chinese tourists. Dyno Zhang’s Shanghai-based Macro Capital Limited, a licensed fund manager in Australia, and Sam Barnett’s Pearllargo are partnering on Kaleidescope Resort, a five-star resort with 68 rooms close to the Hutt Lagoon, a large pink lake popular among tourists. The project is to be built on 311…

Source : South China Morning Post
Read more…Joint venture to go ahead with US.2 million Western Australia resort aimed solely at Chinese tourists

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