Christchurch: HOTELS with Chinese investment pending

A major Chinese construction company is eyeing joint-venture prospects in Christchurch.

PrimeTV News China 2 12-4-13PrimeTV News China 1 12-4-13

### stuff.co.nz Last updated 11:33 12/04/2013
Chinese ‘very interested’ in key Christchurch project
By Lois Cairns – The Press
Christchurch Mayor Bob Parker, who is in China visiting Christchurch’s sister cities, met representatives from Beijing-based company Huadu Construction this week and says they are interested in being part of a major development planned for Christchurch.

Parker said he could not reveal details of the development at this stage as negotiations were still under way, but it would be a significant project for the city.

Earthquake-recovery officials have been overseas previously seeking expressions of interest in key projects for Christchurch’s rebuild, including the new convention centre.

Asked about the possible scale of investment, Key said “the sky’s the limit” for some of the groups they were in talks with, some of which were experienced in PPP investment.

Prime Minister John Key said the business delegation he was leading in China this week had met groups interested in investing in construction, such as building hotels, where New Zealand had long accepted foreign investment. Christchurch could form part of these discussions.
Read more

****

Anonymous provided this link…

Starplus Homes staff ‘in the dark’
Some Hamilton tradespeople and contractors are understood to be owed hundreds of thousands of dollars by Chinese building company Starplus Homes. Read more

Posted by Elizabeth Kerr

Images: PrimeTV News 12.4.13 [screenshots]

23 Comments

Filed under Architecture, Business, Construction, Design, Economics, Geography, Media, Name, People, Politics, Project management, Property, Site, Tourism, Town planning, Urban design, What stadium

23 responses to “Christchurch: HOTELS with Chinese investment pending

  1. A note of caution to our Dunedin cargo-cultists. Further, Otago’s tertiary education industry, how easily tainted.

    ### stuff.co.nz Least updated 08:39 19/05/2013
    ‘Suitcases of cash’ in kiwifruit scandal
    By Tony Wall – Sunday Star-Times
    Suitcases of cash changed hands as a businessman paid kiwifruit marketing company Zespri millions of dollars in a scam to avoid duty in China, a Fairfax Media investigation has found. […] NZ Kiwifruit Growers Incorporated is conducting an inquiry, but many growers are concerned it will be a whitewash. Its chief executive, Mike Chapman, said China was a complex and difficult place to do business and it was not a market that was easily understood by New Zealanders. “Nothing in China is black and white, but the media has portrayed [this case] as black and white,” he said.
    Read more
    http://m.stuff.co.nz/dominion-post/business/8690898/Suitcases-of-cash-in-kiwifruit-scandal

    Related story:
    http://m.stuff.co.nz/business/farming/cropping/8686533/Something-rotten-in-our-kiwifruit-exports

    Sting busts more ghost-writers
    Star-Times uncovers more firms willing to pen essays for student cheats
    http://m.stuff.co.nz/national/education/8690279/Sting-busts-more-ghost-writers
    [it’s not restricted to just ‘one culture’ trying it on]

    Dunedin economic development strategy…

    We know how naive DCC is – it bought us a loss-making stadium without necessary diligence, believing little men in suits and their used car sales pitches (none so despicable as St Farry of St Clair), running up the tab against ratepayers’ properties.

    The mayor, his rat-pals at DCHL, and the sick suits at COC will sell us down the Yangtze, brown and muddied – not a drop of crystal water to our name.

    You think I’m into amateur dramatics ?

    No-one in office believed us about the stadium before it was built. We’ve been proved right on every count since.

    Note the OAG/DIA whitewash currently in progress for Delta. S&P is poised to downgrade DCC’s credit rating if a serious conflict of interest is proven amongst the suits, that include Coburn, Boult, McLauchlan et al.

    Maybe the red carpet will hide those stains a while, using the politically bent OAG – this doesn’t mean the claim on ratepayers’ property isn’t coming, it’ll just cost each of us more when it arrives.

    The council’s $700m-and-growing consolidated debt means desperation attracts ‘more floating junk’ with the sister city; and cutting red tape away for looters wanting a tower hotel and apartment building at our waterfront. God knows what else follows.

  2. As one of their own – Confucious – says, “If you are to sup with the devil have a very long spoon.”

  3. Hype O'Thermia

    And as health advisors say – re meningococcal meningitis, but it’s good advice for everyday life,
    Meningococcal bacteria are passed on via saliva.
         Dont share:
    food, dips, icecreams drinks, bottles, straws. lipstick or lip gloss, toothbrushes, cigarettes, don’t suck the end of a shared pen or pencil
    Don’t use anyone else’s lip gloss or lipstick

    And take care who to brown-nose, we don’t want Dunedin catching something expensive and potentially incurable because of a few ‘important’ people’s recklessness.

    Not again.

  4. ### stuff.co.nz Last updated 14:50 27/08/2013
    New design for Hotel Grand Chancellor site
    By Alan Wood -The Press
    A 50-metre-high accommodation, office and retail complex is being proposed to replace the Hotel Grand Chancellor. The hotel was one of Christchurch’s tallest buildings before it was demolished after the February 2011 earthquake.
    Panel chairman Ken Gimblett and and other panel members questioned the group and Christchurch City Council representatives about the proposed 50.1m height of the replacement building.
    Stuff link

    Proposed Grand Chancellor replacement [Press graphic 28.8.13][Press graphic]

  5. Elizabeth

    As relates to the post at top of thread:

    International development and construction expertise joins forces with local partners

    ###scoop.co.nz Wed, 12 Nov 2014 at 11:27 am
    Christchurch development boosted by new company
    Press Release: Convergence

    Quality commercial and residential development in Christchurch has been boosted by a newly-formed company, the NewUrban Group. NewUrban is a joint venture between Beijing-based Huadu Group (Huadu) and local Christchurch businessmen John Fairhall and Bert Govan. The new company combines Huadu’s experience in the upper end of China’s property development market with the proven local property market expertise of Fairhall and Govan. Owned by the Wang family, Huadu is one of China’s larger privately-owned, family-run property development and construction companies, with experience in the commercial, residential and municipal property sectors. […] Looking for people who shared his passion for innovation and commitment to finding creative solutions, Mr [Zhiguo] Wang and his son Jianping Wang, met with a number of people in the Christchurch property market. Govan, Fairhall and the Wangs recognised they shared similar values and could see the considerable benefits they could bring to Canterbury and wider New Zealand property industry by working together. […] One of NewUrban Groups’ projects currently underway is Lintrathen Gardens – a residence and townhouse development at 140 Glandovey Road, Fendalton. Designed by leading architect David Sheppard, from award-winning firm Sheppard and Rout, the innovative design incorporates protected trees into the overall landscaping plans. The project is currently at the resource consent phase with the construction of two streamside residences due to commence in the New Year.
    Read more

  6. Elizabeth

    More than hotels….. (to compete with / TROUNCE the Dunedin backwater)

    █ Guoxin International – China’s largest tendering and procurement company with a focus on major government projects, particularly in infrastructure development.

    ### ODT Online Wed, 23 Sep 2015
    Chinese capital to aid Christchurch rebuild
    A giant Chinese company has today revealed plans to raise a US$2 billion fund to help with post-earthquake Christchurch’s rebuild. Mayor Lianne Dalziel has signed a non-binding “letter of co-operation and friendship” on behalf of the Christchurch City Council with Guoxin International today. It could see a major injection of capital in to the city’s rebuild projects.
    Read more

    Related Post and Comments:
    10.1.15 Christchurch rebuild, slants

  7. Hype O'Thermia

    Profits go offshore.
    Jobs aren’t plentiful in NZ, so the Kiwi peasantry will have to queue up for the chance to work for foreign-owned farms and firms, who give a shit about the NZers’ ability to live on the wages offered. Why pay more than they’d pay back home?
    Living wage?

    • @Hype O’Thermia
      September 23, 2015 at 8:28 pm

      You say ‘Profits go offshore.’
      You might also care to note thiis:

      Prof Goodhart, speaking at a forum held by Lombard Street Research.

      Prof Goodhart and Manoj Pradhan argue in a paper for Morgan Stanley that this was made even sweeter by China’s spectacular entry into the global trading system.

      We all know what happened. Multinationals seized on the world’s reserve army of cheap leader. Those American companies that did not relocate plant to China itself were able play off Chinese wages against US workers at home, exploiting “labour arbitrage”. US corporate profits after tax are now 10pc of GDP, twice their historic average and a post-war high.

      Ms Dalziel has opened a very wide door.

    • photonz

      Despite jobs not being plentiful, we still have to bring in people from overseas to work on our vineyards, in our orchards, doing the Christchurch rebuilt etc, because there’s just not enough New Zealanders willing to do that work.

      As for the Chch rebuild – when it started there were so many well paid jobs that it lifted the average for ALL Canterbury wages by 12 % in just one year – that’s a 6x faster increase than the national average.

  8. Peter

    ‘a non-binding “letter of co-operation and friendship” on behalf of the Christchurch City Council with Guoxin International’. In other words, both sides are ‘co-operating and friendly’, but it is non binding. Don’t you love such communiques.
    Of course nothing in it for this Chinese company. Just an act of charity. Thanks.

  9. Calvin Oaten

    Why can’t Dave Cull get these grand deals? On second thoughts, I suspect in the long term we’re better off without them. I can’t help wondering why
    would a Chinese corporate do this if not for an end game of profit and control. Never picked Chinese business for being philanthropists. I guess it is a case of ‘watch this space.’

    • photonz

      So you mean…. shock horror, surprise, surprise…….Chinese companies want to make profits too, just like companies in NZ and every other country on the planet?

      • Hype O'Thermia

        Shocked and horrified that anyone past the slow group at kindergarten is naive enough to believe this is an act of unselfish generosity by the Chinese.
        OF COURSE there’s something in it for them! They were in the fast-learner group at kindy and they haven’t gone backwards. Wish I could say the same about NZ’s leaders.
        Or – could it be that the aforementioned leaders think we’re slow enough to believe them when they get us to sit quietly on the mat and listen to their imaginative stories about how things work, out in the big wide world?

      • Calvin Oaten

        No, not ….shock, horror, surprise, surprise…..I don’t expect Chinese companies want to not make profits on their investments. It’s just that I wish our naive local people in positions to entertain these Chinese investors would be more circumspect and consider all options for financing before selling off titles to our heritage. As a matter of interest photonz, do you think if a NZ company could do the reverse and buy into a large chunk of Imperial China’s real estate with title and profits ceding to a foreign country? I very much doubt it.

        • Peter

          Calvin. If the Chinese flick us a cute panda to keep John and Bronagh happy, would that reassure you?

        • photonz

          Actually for nearly ten years I’ve had shares in funds that own Chinese companies, and yes, I get the profits in dividends back here in NZ.

          I’ve also owned shares in NZ companies who own factories in China. Methven – the previously Dunedin based tap maker is one.

          In addition, many of the 2 million New Zealanders who are in Kiwisaver will also have money in Chinese companies. Some Chinese companies (like Alibaba) are even directly listed on foreign stock exchanges like the NYSE.

      • Peter

        The point is photonz is we should treat such ‘generous offers’ with caution wherever they come from. Not a cargo cultist myself.

        • photonz

          That’s the problem.

          Instead of treating each deal on its merits, many people just think anything any Chinese company is involved in is automatically very bad, yet similar deals that have happened in the past with Australian, American or British companies have largely been ignored as no big deal.

          How far have our attitudes come from forcing Chinese miners into barrels and rolling them down the streets of Naseby for fun?

  10. Simon

    Single people don’t do anything for charity. They are to busy partying up.

  11. Peter

    photonz. Read my reply again. I said deals wherever they come from should be treated with caution. Not just from China.
    Interestingly I heard a comment from Robert Patman re TPPA on Ch39 News tonigjt. He believes Canada, USA and Japan have been ganging up on NZ re dairy exports. Good friends too!

    • photonz

      Peter – sorry, I was probably a bit ambiguous. The last comment was not aimed specifically at you.

      I’m sure everyone in the TPP negotiations is trying to get the best deal they can, while leaving as much protection in place as they can, whether they are friends or not.

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