‘The largest commercial land development in the history of Xiangjiang!’--"True News"
Just when Xiangjiang was speculating on whether Hopewell International-Wheelock was really going to develop the former Huangpu Dockyard site, the official newspaper of Jiaku, Zhenbao, published such a front-page headline!
This is equivalent to official recognition!
The sensation caused by this incident in Xiangjiang did not stop because of the report by "True News", but became even more lively.
The Whampoa Dockyard is located at the old site of Hung Hom and covers an area of 19 hectares, about 2 million square feet, which is larger than the land originally acquired by Zhulu Real Estate in East Tsim Sha Tsui. Everyone knows what this means for commercial development of such a piece of land.
As long as this old site is developed smoothly, then Wharf's Harbor City, New World's New World Center, Zhulu Real Estate's Zhulu Plaza, plus Hehe International-Wheelock's Whampoa Commercial Center will connect the entire East Tsim Sha Tsui.
If the business atmosphere is good, Tsim Sha Tsui East may become the second commercial center in Hong Kong after Central in ten or twenty years.
Among these four commercial centers, Zhulu Plaza and Huangpu Commercial Center are both owned by Jiaku.
At this time, Hehe International-Wheelock has not officially announced the construction status of Huangpu Commercial Center, but some clues can be seen just from Zhulu Plaza.
A total investment of 10 billion Hong Kong dollars was invested in Zhulu Plaza, with a 10-year construction period. Construction started in October 1975. It is now 1979, nearly 4 years have passed, and Zhulu Plaza has completed nearly 40% of the construction period, not counting
Shops, department stores, hotels and other buildings, including only commercial buildings, have nearly 6 million square feet of rentable property. According to the current rent of commercial buildings in East Tsim Sha Tsui is HK$18 per square foot per month, then only the current Zhulu Plaza
The annual rent has reached HK$1.296 billion.
This is only 40% of the rental income. When the construction of the entire Zhulu Plaza is completed in the future, the total will be 17.25 million square feet.
According to Chu Huan's calculations, when the time comes to the late 1980s, the rent of commercial buildings in East Tsim Sha Tsui will be HK$80 per square foot per month, and the annual rental income of Zhulu Plaza alone will reach 165.6
billion Hong Kong dollars.
Of course, if daily maintenance is deducted, the net profit will reach HK$14.0076 billion per year!
This rent will double in future generations, and if other properties in Zhulu Plaza are included, it will exceed the 50 billion Hong Kong dollar mark in future generations.
However, the current Xiangjiang media must not know this number, but they also have their own analysis.
First of all, there is no height limit policy in the construction of Huangpu Commercial Center, and the land area of the former Huangpu Dockyard exceeds Zhulu Plaza. This leads to the construction area of Huangpu Commercial Center to exceed the 20 million square foot mark. As for how much,
That depends on the final architectural structure of Huangpu Commercial Center, but in any case, the construction of such a large piece of land.
Regardless of the initial capital or after the final construction is successful, the annual rent will reach an astronomical figure.
When thinking of this, all the Xiangjiang media were shocked. If this was the case, based on this year's rent calculation alone, the Huangpu Commercial Center of Hehe International-Wheelock and the Zhulu Plaza of Zhulu Real Estate would bring 400 yuan to Jiaku every year.
billion Hong Kong dollars in rent.
This is only the rent of these two projects. If you add Zhulu Real Estate and other commercial buildings owned by Hehe International-Wheelock, this is simply an appalling figure.
Before this, everyone thought that the most profitable industries in Jiaku were fantasy comics and Wolf Smoke games. At this time, these talents discovered that Chu Huan was already guarding a gold mine.
Secondly, such a large project affects not only Hehe International-Wheelock, but also all aspects of the real estate industry, including raw materials, construction, sand and gravel, cement, as well as later decoration, office supplies, etc.
Even after it is completed, shops, hotels, merchants in the mall will move in, etc.
The profits generated from this have shocked all walks of life in Hong Kong.
It is precisely because of this situation that the threshold of John Qiao's office was almost trampled to pieces, and the door of Chu Huan's office was also visited by many people, hoping to conduct business with Hehe International-Wheelock.
cooperate.
"Ah Huan, our previous cooperation at the Shangri-La Hotel in Zhulu Plaza has proven to be very successful. Now the Huangpu Commercial Center project must have a hotel. You are also a shareholder of the Shangri-La Hotel. Regarding the operating status of the hotel, you should
You know, I believe our cooperation this time will definitely be more successful!"
Guo Henian appeared in Chu Huan's office at this time, and he came to see Chu Huan this time because he actually came to deal with the Huangpu Commercial Center.
Shangri-La Hotel is the first completed project of Zhulu Plaza. It has been operating in Xiangjiang for nearly three years. Although it is still not as famous as Peninsula Hotel and Mandarin Oriental, Shangri-La Hotel and New World Regent Hotel
It has become a new hotel symbol in Xiangjiang.
Regarding this situation, Guo Henian has always wanted to expand the Shangri-La Hotel in Xiangjiang, but has never found a better opportunity. Now that the Huangpu Commercial Center project is about to be launched, it is an excellent choice for Guo Henian.
Chu Huan sat there with a helpless look on his face. He smiled and said to Guo Henian, "Uncle Guo, I'm afraid we won't be able to cooperate this time!"
Guo Henian showed a hint of disappointment, but still tried hard: "Ah Huan, are you cooperating with a big hotel group?"
Chu Huan has a close relationship with the Kadoorie family of the Grand Hotel Group. This is known throughout Hong Kong. As a member of the Hong Kong super consortium established by Chu Huan, Guo Henian naturally understands the relationship between Chu Huan and the Kadoorie family better.
It’s related.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Chu Huan shook his head and said: "No, this time our Jiaku wants to set up a separate hotel group to be responsible for this matter!"
Guo Henian showed a look of vigilance. Although Chu Huan's Jiaku has now entered the hotel industry, it is more cooperating with other hotel groups, including their own Shangri-La Hotel, the Kadoorie family's large hotel group, Chu
Everyone has their own shares.
When everyone was cooperating, Guo Henian naturally hoped that Chu Huan's funds could enter. But if Chu Huan entered the hotel industry by himself, according to the land reserves of Zhulu Real Estate, Hehe International-Wheelock in Xiangjiang and the land reserves held by Chu Huan,
The number of commercial buildings has made Guo Henian feel that competition may become more intense in the future.
"It seems that from now on, we will not only be partners, but also rivals!" Guo Henian said helplessly.
Chu Huan said with a smile: "Uncle Guo, don't you always focus on Xiangjiang? There are many cities around the world that can build more hotels, and there are not only high-end brands of hotels in the world.
, in fact, the low-end brand hotel market is also very large!”
Nowadays, no matter who enters the hotel industry in Xiangjiang, they are actually aiming at the high-end market of the hotel industry. Everyone hopes to make their hotel the most famous hotel in the world.
This is actually the same as the current consumption level in Xiangjiang. Compared with the world, the consumption level in Xiangjiang is considered high-end. Naturally, most of the people who come here to travel are rich, so in the high-end area of Xiangjiang
The hotel market has always been a battleground for the Xiangjiang hotel industry!
Guo Henian's eyes lit up when Chu Huan said that, and he immediately asked: "Ah Huan, what do you mean, you want to turn the hotel in Huangpu Commercial Center into a mid-to-low-end hotel?"
If this is the case, then there will be no competition between the two parties!
Chu Huan shook his head and said: "We plan to build the hotel in Huangpu Commercial Center into a world-class hotel!"
Guo Henian: "......"
Then what you just said is of no use at all.
Chu Huan continued to talk to Guo Henian: "Uncle Guo, I don't mean Xiangjiang. Didn't I just say that Xiangjiang is too small? We should not just focus on Xiangjiang, Southeast Asia, Japan, and South Korea.
, the same can be said for places like Taiwan!
Although Hong Kong’s tourism industry is now very developed, I believe that as the world situation improves, there will definitely be more places suitable for building hotels!”
Guo Henian still didn't understand what Chu Huan meant at first, but he soon guessed what Chu Huan meant.
Asked: "Do you already have other choices besides these places?"
Guo Henian knew about Southeast Asia, Japan, South Korea, and Taiwan, and everyone else knew about it, so Guo Henian knew that Chu Huan would definitely not say these things without any reason.
Chu Huan nodded and said: "Uncle Guo, you should know that our Jiaku is currently preparing to build four hotels in our hometown, right?"
Guo Henian smiled bitterly again and said: "Ah Huan, of course I know this, but the four hotels you built in your hometown are not mid- to low-end hotels anyway, right?
And according to the current situation in my hometown, only high-end hotels can have a market in my hometown, and it is impossible for mid- to low-end hotels to have their own market!"
Naturally, the economy of my hometown has not developed, but it is precisely because of this that the tourism industry has not yet officially emerged in my hometown at this time. The foreigners and Hong Kong and Macao businessmen who went to my hometown during this period were basically wealthy people looking for markets.
, and if ordinary old family members go out, they prefer to stay in cheap guest houses instead of hotels.
So at this time, the mid- to low-end hotel market in my hometown is not suitable!
Chu Huan said: "It's not suitable now, but it doesn't mean it won't be suitable in the future. Uncle Guo, our business is not about the present, but the future. Of course, if the market in my hometown develops in the future, the market for high-end hotels will definitely be
It will be better, but I believe that the mid- to low-end hotel market will also develop with that period.
You have to know that your hometown is a vast land with abundant resources and countless historical monuments. Tourism will definitely be a very important pillar industry in your hometown in the future. If the tourism industry flourishes, more ordinary people will go to your hometown by then. The mid- to low-end hotel market
It will develop naturally!”
Guo Henian shook his head and smiled bitterly, "Of course I understand what you said, Ah Huan, but if we make plans now, it's still too early. Your Jiaku has the capital, but we don't!"
Chu Huan spread his hands and said: "Then I have no choice, but if Uncle Guo wants to enter the hotel market in his hometown in the future, we, Jiaku, are really willing to help!"
Guo Henian also understood at this time that what Chu Huan said to him was actually just one sentence. This time, he did not want to take others to the hotel in Huangpu Commercial Center.
"We'll talk about the rest later, but Ah Huan, if you need partners in the hotel industry in Xiangjiang in the future, don't forget us!"
Chu Huan smiled and said: "This is natural!"
After Guo Henian left, Xu Yi came to Chu Huan's office.
We are still talking about building a world-class hotel in Huangpu Commercial Center.
"Boss, we have no problem with funds, but management is a big problem!" Xu Yi said straight to the point.
As mentioned before, although there are many hotels in Xiangjiang, in fact, there are only two top hotel management teams in the world. One is the large hotel group that Chu Huan is currently cooperating with, and the other is Jardine.
of Mandarin Oriental.
What Chu Huan wants to do is actually a chain of high-end hotels, so a professional management team of his own is a must!
This chapter is not over yet, please click on the next page to continue reading! This cannot be accomplished by recruiting a team from Jiaku. This team also needs to have professional hotel management capabilities.
Chu Huan said without paying much attention to this: "Don't worry, it will happen sooner or later. What you have to do now is to recruit a team in Jiaku to make them familiar with the business of the hotel industry, so that they can also do it in the future." Better integration with the new team!”
Xu Yi nodded and said: "I know!"
.
Sha Tin Racecourse, Kowloon!
At this time, there were two racecourses in Hong Kong, one was the old racecourse in Happy Valley, and the other was the Sha Tin Racecourse that was officially opened last year.
At this time, Chu Huan, HSBC Bank's senior manager Roy Bentley, and general manager Shen Bi were sitting in the VIP room, changing cups and cups, and there were loud cheers outside the venue.
"Director Chu, we haven't chatted together like this for a long time!"
Roy Bentley was holding a wine glass and preaching with a smile.
Chu Huan smiled and said: "This is actually not important at all."
Roy Bentley and Shen Bi looked at each other, and Shen Bi asked with a smile: "Then what is important in Director Chu's mouth?"
Chu Huan said: "Of course it's important that the three of us can still sit here and drink and chat!"
"Haha!" Roy Bentley and Shen Bi both laughed.
"Yes, the most important thing is that we are sitting together drinking and chatting now!" Roy Bentley even said loudly.
"Director Chu, we had some unpleasantness before. This time I borrowed flowers to offer you Buddha's apologies. I hope you, Director Chu, can put aside the past grudges and we can continue to cooperate in the future!"
Shen Bi held a wine glass and preached to Chu Huan.
This time Shen Bi was convinced. Chu Shifeng's hundred-day banquet finally made Shen Bi understand the gap between them and Chu Huan.
After a long discussion with Roy Bentley, Shen Bi and Roy Bentley also reached a consensus that there should be no more meaningless fights between them and Chu Huan.
Deliberate targeting like before must never happen again, because the two sides are no longer on the same track. In Hong Kong, if other industries want to develop, they cannot do without the help of HSBC, but if HSBC wants to To expand their influence in Xiangjiang, and more importantly, their influence in the world, HSBC cannot do without Chu Huan's help.
Let go of all the previous meaningless competition and maintain a cooperative relationship in a business field. The competitive relationship is the most important to HSBC at this time!
Chu Huan held the wine glass, smiled and said to Shen Bi: "Since Mr. Shen said so, I will accept your apology, Mr. Shen. I hope that Mr. Shen's apology this time will not be like the previous ones. Apologize like that, just talk but not do anything, after all, my patience has its limits!"
Accepting Shen Bi's apology calmly, without the kind of pleasantries before, this is Chu Huan's status in Xiangjiang today.
Then the two of them drank the wine in one gulp and looked at each other holding the wine glasses and smiled!
Let go of grudges with a smile?
Whether it's Chu Huan, Shen Bi, or Roy Bentley who didn't say anything, the three of them actually have doubts about this matter!
But as Chu Huan said, Chu Huan now does have the strength to tell Shen Bi that this is the last chance he gives to HSBC.
If there are those little tricks behind the scenes, the two sides may really start a war.
And that was actually a devastating blow to both Xiangjiang and HSBC!
It seems that Jiaku has already surpassed HSBC by several equal levels at this time, but as long as the British are in Hong Kong, HSBC will be an irreplaceable consortium in Hong Kong. In fact, let alone the British, they will wait until Hong Kong returns in the future. In the embrace of my hometown, Bank of China has entered Xiangjiang, but for the people of Xiangjiang, they still trust HSBC more.
This is a kind of habitual trust accumulated over many years!
"Director Chu, I'm afraid the investment in Huangpu Commercial Center this time will exceed that of the previous Zhulu Plaza, right?"
Roy Bentley began to ask Chu Huan about Huangpu Commercial Center.
In another time and space, Li Jiacheng invested a total investment of 4 billion Hong Kong dollars to develop Huangpu Garden. However, in Li Jiacheng's hands, Huangpu Dockyard was developed into Huangpu Garden, a building complex that combines residential and commercial centers.
The reason for this was that Li Jiacheng did not have sufficient funds at the time, and he could only rely on Huangpu Garden to raise more funds for the group.
But Chu Huan is different now. He wants to build the old site of Huangpu Dockyard into the largest commercial center in Xiangjiang. In addition, the real estate market in Xiangjiang is booming and the cost of construction has risen even more. So at this time, Chu Huan wants to develop the old site of Huangpu Dockyard. In anyone's eyes, this will be an investment that exceeds all previous real estate projects in Xiangjiang.
Chu Huan faced Roy Bentley's inquiry and said with a smile: "That's true, but now the investment funds for Huangpu Commercial Center have not been released because the design draft has not been released, so there is no way to have an accurate estimate of the total investment. Figures, but our company believes that the entire investment will not be less than HK$15 billion!"
It’s really not a big project, Chu Huan doesn’t know how to do it!
The earliest investment of HK$1 billion in Huaye City was the largest real estate investment project in Hong Kong at that time. Then it reached HK$10 billion in Zhulu Plaza. Now the total investment in Huangpu Commercial Center exceeds HK$15 billion. .
I really don’t know what kind of earth-shattering projects Chu Huan will make in the future.
"Director Chu, our previous cooperation on Zhulu Plaza was very successful. Now I think we should have better cooperation on such a large project!"
Roy Bentley preached with some excitement.
At that time, Zhulu Plaza invested HK$800 million in the early stage, but at that time Chu Huan, firstly because of capital requirements, and secondly for the development of other projects, took out loans from four banks: HSBC, East Asia, Hang Seng, and Standard Chartered to complete the initial funding of the project. need.
Now Roy Bentley obviously hopes that this cooperation can continue.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! This is actually the reason why Chu Huan agreed to meet and reconcile with Roy Bentley and Shen Bi.
The cash in Chu Huan's hands at this time, not to mention the upfront funds for Huangpu Commercial Center, was actually the funds needed for the entire project, and Chu Huan was able to come up with it.
Even though Chu Huan has completed investments in several projects in Australia, Canada, BG in his hometown, and cooperation with political figures in various countries during this period, it is expected to spend more than 12 billion US dollars. Under such circumstances, Chu Huan still has sufficient cash flow in his hands.
But next, Chu Huan has an investment to make. This investment will require Chu Huan to invest at least 5 billion US dollars, and it is an investment that lasts for one and a half years. Therefore, Chu Huan decided to ensure that he has sufficient cash flow in his hands. To deal with possible problems without delaying preparations for the Wharf takeover war that may break out in the next six months.
So at this time Chu Huan decided to take out a loan for the Huangpu Commercial Center project!
"If necessary, we naturally hope to get some loans from your bank, but there is one thing I also want your bank to make some contribution to!"
Chu Huan said with a smile.
Others are begging banks to get loans, but Chu Huan is different. If Chu Huan shouts now that Jiaku needs a loan, banks all over the world will probably line up to see Chu Huan at this time. I hope Chu Huan can be there their bank loans.
In this matter, Chu Huan is the party A.
Roy Bentley's expression changed slightly and he asked, "Does Chairman Chu mean Jardine's shares?"
Although Chu Huan had previously bought 5% of Jardine's shares from HSBC, as time went by, HSBC became one of Jardine's shareholders again and held a small amount of Jardine's shares.
Chu Huan smiled and shook his head: "Even if I want it, I guess it's impossible for you two to sell it, right?"
Roy Bentley and Shen Bi showed awkward smiles. After all, they had just staged a scene where they laughed away their grudges. Now they are begging Chu Huan for a loan, but they still cannot agree to sell the Yi they hold. and shares to Chu Huan.
Business relationship is a very complex relationship.
Both Chu Huan and HSBC understand that Jardine's shares have been involved in HSBC's core investments and are non-transferable unless Chu Huan comes up with more attractive conditions. For example, if Chu Huan now sells Jardine's stock price at They will definitely agree to buy the shares of Jardine Matheson from HSBC at ten times the price.
But lower than this price is not in line with HSBC's interests, so even if both parties have forgotten their grudges, HSBC cannot agree to this matter.
If it were shares of an insignificant company, I believe HSBC would not be like this.
"What do you mean, Director Chu?" Shen Bi asked tentatively.
Chu Huan smiled and said: "I want Bank of East Asia!"
At first, Chu Huan's Jiaku acquired Bank of East Asia with great fanfare. However, because the cost was not proportional to the income, Chu Huan finally stopped the acquisition of Bank of East Asia. In this process, HSBC also secretly helped Bank of East Asia.
So at this time, Chu Huan's old matter was brought up again, which had to make the two giants of HSBC fall into tangled emotions again.
When they got involved in the acquisition battle between Jiaku and Bank of East Asia, it was because they understood that if Chu Huan was allowed to enter the local banking industry in Hong Kong, then with the support of Jiaku, this local bank would be in a position to compete in Hong Kong.
There is only one target bank, and that is their HSBC.
"You two, to put it bluntly, HSBC cannot stop Jiaku from entering the local banking industry in Hong Kong. Now that more than a year has passed, HSBC should be well prepared. If now
If HSBC still can't help with this matter, then I will really start to doubt your attitude just now!"
He Cucheng shook the red wine glass in his hand and spoke lightly.
The opening of Alder Commercial Bank Xiangjiang Bank is actually Chu Huan's entry into the financial industry in Xiangjiang. As for a local commercial bank, for Chu Huan at this time, it is already the last piece of the puzzle for his layout in the financial industry in Xiangjiang.
.
As Chu Huan said, Jiaku's entry into Hong Kong's local banking industry is a general trend and no one can stop it.
Now Chu Huan has given them more than a year to deal with this matter. Regardless of whether this was the idea at the time, at least this is the situation.
Therefore, it is much more acceptable for HSBC that Chu Huan proposes this thing that is more likely to succeed than asking them to sell their shares in Jardine Matheson.
Roy Bentley asked tentatively: "Director Chu, if we, HSBC, help Director Chu complete this acquisition, can Director Chu allow us, HSBC, to hold a part of the shares in Bank of East Asia?"
Although Roy Bentley knew that such a request was almost impossible, he still wanted to give it a try!
Chu Huan smiled and said: "Of course!"
Roy Bentley and Shen Bi's expressions changed drastically. This was not the Chu Huan they knew. How could they agree so easily?
"But if you get something, you have to pay!" Chu Huan said in a leisurely manner: "I know that your bank has been studying the acquisition of European banks, but if you want to acquire a European bank that can match the identity of HSBC,
Then there is definitely a question mark over HSBC's own funds.
If you want to solve this problem, then HSBC needs to issue new shares. If you two can agree to let Jiaku designate this part of the stock for acquisition, I will agree to HSBC’s request to become a shareholder of Bank of Asia!”