Chinese mogul to snap up Fota Island for €20m

The fourth richest man in China is on the brink of a €20m-plus deal to buy the prestigious Fota Island Golf and Hotel resort in Cork.

Chinese mogul to snap up Fota Island for €20m
Mon, 03 Dec, 2012 - 00:00
Tony Leen, Sports Editor

Documents are due to be signed this week between Nama, the receiver, and Beijing-based Reignwood Group for a sale of between €20m and €22m for the 500-acre resort.

The Chinese conglomerate has registered a trading company in Ireland, Fota Investment (Ireland) Ltd, in recent weeks.

You have reached your article limit. Already a subscriber? Sign in

Continue reading for €5

Unlock unlimited access and exclusive benefits

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

School bus School transport services at risk after Easter over fuel price surge, operator warns
Latest: Storm Dave grounds flights as powerful winds continue to lash Ireland Latest: Storm Dave grounds flights as powerful winds continue to lash Ireland
Fields of Ireland Public warned not to cut hedgerows during bird nesting season
CourtsPlace: ChinaPlace: CorkPlace: BeijingPlace: IrelandPlace: Pine ValleyPerson: Chanchai RuayrungruangPerson: ChanchaiPerson: Andrew YauPerson: Jack NicklausPerson: Bill ClintonPerson: Tony BlairPerson: Arnold SchwarzeneggerPerson: Diego MaradonaPerson: Marcus MagnierPerson: MagnierPerson: John FlemingPerson: MahonyEvent: Irish OpenEvent: Irish OpensEvent: World Golf ChampionshipsOrganisation: Fota IslandOrganisation: Fota Island Golf and HotelOrganisation: NAMAOrganisation: Reignwood GroupOrganisation: Fota Investment (Ireland) LtdOrganisation: ReignwoodOrganisation: Red BullOrganisation: Fleming Construction GroupOrganisation: FotaOrganisation: Colliers InternationalOrganisation: Cohalan DowningOrganisation: PricewaterhouseCoopersOrganisation: Colliers’
A man has died in hospital following a crash in Co Longford last weekend (PA)

Man dies in hospital following Co Longford crash

READ NOW

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited