China push to buy 45 year old Liddell coal plant

The Chinese conglomerate that controls Australia’s largest cotton farm has approached Malcolm Turnbull’s office to ­express interest in buying the Liddell coal-power plant in the NSW Hunter Valley. UPDATED: Tony Abbott and Barnaby Joyce have both used the Coalition partyroom meeting to urge Malcolm Turnbull to do more to keep the Liddell coal power station…

Chinese lining up for Australian agriculture businesses: HSBC

HSBC says asset hungry Chinese businesses are lining up to invest in Australian agriculture because of food production quality and tariff reductions under the free trade agreement between the two countries. The global banking giant is expanding its operations in Australia to play a much bigger role in the sector and to strengthen its connection to…

Strategic issues at play in Chinese Port of Newcastle deal

China’s “One Belt, One Road” initiative has attracted global suspicion as a potential means by which the country may gain strategic control of trade links. It is in that context that last week’s report by Andrew White in The Australian, noting the transfer of ownership of 50 per cent of the Port of Newcastle from…

Hong Kong investor pays $6.48m for Byron’s Lawson Arcade

A Hong Kong based private investor has paid $6.48 million on a tight 4.7 per cent yield for Lawson Arcade, a prized retail asset in the heart of Byron Bay, one of Australia’s most popular beach resorts. Teska Carson Director Michael Ludski, who brokered the deal with Byron Bay Property Sales’ Kath Vaubell, said the…

Chinese buyers pay top dollar for Hawkesbury properties

The sale of Windsor’s Lachlan Court building to a Chinese buyer is part of a trend happening around the Hawkesbury. The $9.5m figure achieved was only possible by marketing it overseas, selling agent David Lee from Leaders Estate Agents at Gladesville told the Gazette on Thursday. “Local developers could only come up with $6m,” he said….

Aussie Farmers Direct to close fallen victim to competition from cheap imported products sold by its opposition.

GROCERY delivery company Aussie Farmers Direct has been placed into voluntary administration and the company will close immediately, leaving its 260 employees without a job. Company directors believe the national food and groceries delivery network has fallen victim to competition from cheap imported products sold by its opposition. The home delivery service struggled to compete…