Zhongkun Group's planned $100 million investment in Iceland is a purely commercial move without any political motive, the company's Vice-President Xu Hong told China Daily on Wednesday.
Zhongkun Investment Group, a Beijing-based tourism and commercial property developer, plans to restart construction of a resort in the United States.
A Chinese real estate company has revived its ambitious plan to open an idyllic ranch in Iceland since Reykjavik has given the company the green light to rent, but not purchase, land there.
Zhongkun Group's planned $100 million investment in Iceland is a purely commercial move without any political motive, said the company.
A Chinese tycoon has signed a deal to lease land in a remote corner of northeast Iceland for 40 years, state radio reported.
Despite setbacks in his attempts to purchase land parcels in Iceland, Huang Nubo, chairman of Zhongkun Investment Group, said he will continue to explore property markets in Northern Europe and the United States.
Beijing-based Zhongkun Group Chairman Huang Nubo Wednesday said his company's plan to build a resort in Iceland was purely commercial, after the Financial Times reported that opponents of the project have warned it could be political in nature.
Despite setbacks in his attempts to purchase land parcels in Iceland, Huang Nubo, chairman of Zhongkun Investment Group, said he will continue to explore property markets in Northern Europe and the United States.
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