Treasury in talks for second Chinese site

Irish developer Treasury Holdings is in talks to buy a second “substantial'‘ site in China for a major development.

6th August, 2005

The company, which is owned by Richard Barrett and Johnny Ronan, signed a joint venture deal worth €1.2 billion with a Chinese firm earlier this year to develop a 900-acre site near Shanghai. Treasury is in negotiations with Chinese officials over a second site in a city north of Shanghai. “We're not announcing anything yet, but we're in detailed negotiations there,” said a source close to Treasury. The source said the site was intended for...

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