>Auch and Invermearan estate, home to some of Scotland’s most dramatic and picturesque terrain, is now under the ownership of a company controlled by Ming Wai Lau, the eldest son of Joseph Lau, a Hong Kong property tycoon who is one of the world’s richest men.
>In what is one of the largest property sales in Scottish history, and the latest example of the nation’s prime estates coming under foreign ownership, corporate records show the vast landholding is now ultimately owned by Profound Limited, a private firm based in the special administrative region of China.
People owning land like this is a weird concept
fucksake, are we not already owned by a plethora of foreign investors? all absentee land owners.
Are there examples of good things happening on a similar scale?
Conveniently this morning a new land reform bill looking at sales of large estates has been introduced.
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>Auch and Invermearan estate, home to some of Scotland’s most dramatic and picturesque terrain, is now under the ownership of a company controlled by Ming Wai Lau, the eldest son of Joseph Lau, a Hong Kong property tycoon who is one of the world’s richest men.
>In what is one of the largest property sales in Scottish history, and the latest example of the nation’s prime estates coming under foreign ownership, corporate records show the vast landholding is now ultimately owned by Profound Limited, a private firm based in the special administrative region of China.
People owning land like this is a weird concept
fucksake, are we not already owned by a plethora of foreign investors? all absentee land owners.
Are there examples of good things happening on a similar scale?
Conveniently this morning a new land reform bill looking at sales of large estates has been introduced.
https://www.scottishconstructionnow.com/articles/meaningful-land-reform-bill-introduced
https://www.gov.scot/news/land-reform-bill/#:~:text=The%20Land%20Reform%20(Scotland)%20Bill,impact%20on%20the%20local%20community.