Deal #4107

Location #1

Spatial accuracy level
Administrative region
Location
Nanshan, Shenzhen, Guangdong, China

Target country
China

Land area

Size under contract (leased or purchased area, in ha)
[2007] 1593

Intention of investment

Intention of the investment
Agriculture unspecified, Tourism, Industry
Comment on intention of investment
the project concerns an agricultural theme park which contains rural and agricultural demonstration objects and tourist attractions

Nature of the deal

Nature of the deal
Outright Purchase
Lease
Comment on nature of the deal
in 2007 the company offered villagers "to lease their land for 18 years at 320 RMB/mu/year ... Although there were households that did not at first wish to rent out their land, all eventually agreed. The following year, the [company] began approaching farmers with an offer of 4,320 RMB/mu in additional cash in return for a permanent transfer of the land use rights. By 2009, all the villagers had nullified their earlier leases and resigned new contracts giving up their land in perpetuity" (Liu 2013:13).

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
Comment on negotiation status
original lease agreement was extended to a transfer of land rights (see above)

Implementation status

Implementation status
[2007] Startup phase (no production)
[2011] In operation (production)

Purchase price

Purchase price
10080
Purchase price currency
Yen (¥)
Purchase price area type
for specified area
Comment on purchase price
per mu (0.067 ha)

Leasing fees

Annual leasing fee
360
Annual leasing fee currency
Yen (¥)
Comment on leasing fees
per year

Contract farming

Contract farming
Yes
On leased / purchased area
Yes

Contract #1

Duration of the agreement (in years)
18

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
[2013] 400
Current number of daily/seasonal workers (domestic)
[2013] 300
Comment on jobs created (domestic)
100 employees are hired peasants wages: 40 RMB/day

Operating company

Name of investment project
"Golden Lake Rural World"

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Research Paper / Policy Report
File
Date
2013-02-01

Consultation of local community

Community consultation
Limited consultation

How did the community react?

Community reaction
Mixed reaction

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
each household received 10080 RMB/mu (usual price in that region is said to be 3 times higher)

Former land owner (not by constitution)

Former land owner
State
Private (smallholders)
Comment on former land owner
villagers had land use rights

Former land use

Former land use
Smallholder agriculture

Detailed crop, animal and mineral information

Crops area
Grapes

Sept. 4, 2017, 6:57 a.m.

overwritten

This version

Compare with previous version

Sept. 26, 2013, 2:30 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.