Taiwanese Billionaire Buys Hotel, Retail Complex on Australia’s Gold Coast for $250M

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A Taiwanese billionaire has acquired a major hotel and retail complex on Australia's Gold Coast for $250 million, marking one of the largest transactions in the area. This purchase underscores the growing interest in foreign investments in Australian real estate.

Taiwanese billionaire Lin Chen-hai has purchased the Paradise Centre and Novotel Surfers Paradise on Queensland’s Gold Coast from Abu Dhabi Investment Corp and Challenger Life for $346.5 million ($250 million), in what brokers describe as the largest purchase of a... Read More>> The post Taiwanese Billionaire Buys Hotel, Retail Complex on Australia’s Gold Coast for $250M appeared first on Mingtiandi.