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An overseas buyer paid $45m for Hahei Beach Resort on the Coromandel Peninsula, New Zealand, with approval from the Overseas Investment Office. Tasman Tourism New Zealand, a joint venture between an Australian private equity firm and a UAE-based investment company, also bought Raglan Sunset Motel for $5m. Both properties were sold by New Zealand investment group Hahei Beach Limited, which purchased them in 2015 for $13.25m and $3.88m respectively.
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