Japanese Get OK to Buy New Zealand Golf Links
- Share via
Reuters
WELLINGTON, New Zealand — The New Zealand government Friday conditionally allowed a Japanese investment firm to buy a premier golf course, overturning a ruling in September by the previous Labor government.
“Today I have given approval to the sale of the Wairakei Golf Course,” Lands Minister Rob Storey told a news conference. “Jobs, investment and an enhanced perception of New Zealand are major factors in this decision.”
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
