Chapter 261262 [Planning for Li Chaoren's project]
After the Spring Festival, it is already late February.
At the beginning of the new year (lunar calendar), Lin Zuhui obviously feels that he is not as eager for quick success and quick profit as before. There are also talents in all his companies, and he does not need to worry about everything.
Although his subsidiaries have many plans starting from April, Lin Zuhui has no sense of urgency at all, as if he has a winning ticket and everything will come naturally.
February 22nd, Monday.
Liang Botao came to the chairman's office of New Era Real Estate. For him, Lin Zuhui was more important to him than Li Chaoren.
His cooperation with Li Chaoren can only be regarded as the 'icing on the cake', not to mention that Li Chaoren also has Du Huilian, Liang Botao's 'boss' at Wan Guo Baotong. When he and Lin Zuhui met, Lin Zuhui's career was far from developed.
It can only be said that it has just emerged, which determines that the relationship between the two will become stronger.
In terms of strength, Lin Zuhui is definitely not as good as Li Chaoren, not even half as good; but Liang Botao knows that Lin Zuhui has a lot of cash in his hands (guess), plus Lin Zuhui is young and courageous enough, and the most important thing is: Lin Zuhui
In terms of grasping the general trend, he is more accurate than Li Chaoren and can be called a genius.
Lin Zuhui warmly welcomed Liang Botao, the expression on his face was like a spring breeze, and his temperament was even better than before.
Liang Botao also carefully noticed that Lin Zuhui had some changes at this time, as if he was hiding his edge, but the threat to others was actually greater.
The assistant made tea for the two of them and closed the office door.
Lin Zuhui said with a smile: "For us Chinese, now is the new year. Since it is a new year, we should also have new goals. What about you, what are your plans?"
Liang Botao thought for a while and said: "We have some plans. After considering it with Du Huilian, the two of us are planning to set up a private investment bank!"
Lin Zuhui nodded. He remembered that Peregrine was established this year.
He said seriously: "Now that the market is not good, the new company should raise more money and increase its share capital, so that it can be strong. The share capital still has interest, so it can survive even if the market is not good. If the share capital is small, then it can survive
Coupled with the poor market, the survivability is reduced." At the end, he added, "You don't have to worry about money, I can support you. You also don't have to worry about hot funds. The shares I hold will be used when you grow up in the future.
Take the initiative to dilute.”
Liang Botao was greatly moved by Lin Zuhui's words. He could tell that Lin Zuhui's investment in him was not for profit, but purely as a reward for his "service" in the past few years.
"Okay, Du Huilian and I are planning it as soon as possible!"
He and Du Huilian had a lot of connections, so naturally he could not only raise money from Lin Zuhui, otherwise there would not have been eighteen princes to help him in his previous life.
The two chatted for a while about the organizational restructuring of New Era Real Estate, and then Liang Botao got up and left.
After a while, the three carriages came to Lin Zuhui's office again. The three of them were in good spirits.
After sitting down, Chen Bin took the lead and said: "Boss, in the past three months, the Hong Kong government has approved a total of 350,000 square feet of land in the New Territories, and our New Era Real Estate has acquired 200,000 square feet."
A lot of land in the New Territories is approved by the government at about 300,000 square feet every quarter, and real estate developers need to hold land exchange rights letters to exchange. The current price of land exchange rights letters in the New Territories is between 950 yuan and 1,000 yuan per square foot.
interval.
Lin Zuhui said: "There is no need to be so ruthless in land exchange. You can buy more if you buy the New Territories Land Exchange Rights and Interests Certificate!"
Chen Bin replied: "Not many real estate companies are changing, so we take more. Henderson Land changes almost 100,000 square feet every quarter, and we are almost the only ones changing."
Lin Zuhui nodded. It's the same whether you change early or late, as long as you have the land exchange rights certificate. However, the government approves so many every quarter, so you need to wait patiently.
He said with some worry: "New Era Real Estate has only purchased 1.5 billion worth of land and old buildings in the past three months. It is still a bit slow. You know, in one wave, we bought more than 4.5 billion yuan." cash! Therefore, you should complete the purchase as soon as possible before the end of May."
Liang Zhenxun immediately said: "Boss, there is news from the subway company that the property rights of Lantian subway station will be auctioned in early April. That is a big project and requires a lot of funds to start!"
Lin Zuhui also immediately became interested and said: "Okay, it's time for us to win a large housing estate project! I plan to contact Baoli Technology to bid for this project together. Of course, they are just a recruiter!"
Everyone nodded, they also knew what Lin Zuhui meant, which was to attract Chinese investors to make plans for future investment in the mainland.
Several people chatted about the company's development. During this period, Lin Zuhui said: "Don't worry about the company's funds. A 2 billion loan can be easily obtained. Not only that, in late April, I will let New Era Group issue 10% of new shares. Privately increase shares to me personally. At that time, the company will receive about 800 million in cash."
Several people were not surprised, because before the stock market crash, Lin Zuhui reduced his holdings by 10% and now increased his holdings by 10%, and the boss even made a profit from the difference.
As for the reason for the private placement of shares at the end of April, it is because Lin Zuhui currently holds 34.9% of the equity of New Era Real Estate. If it exceeds 35%, he needs to launch a comprehensive acquisition, and it needs to be acquired at the highest price in the past six months, which is obviously too much.
But if by the end of April, the price at which Lin Zuhui launches a comprehensive acquisition must be the highest price after the stock market crash, investors will not be so stupid to sell to Lin Zuhui. The major shareholders have increased their holdings, and the stock price cannot rise sharply immediately.
After everyone left, Lin Zuhui was thinking about the property rights above Lam Tin MTR Station, which would later become Laguna City. This land can build 28 residential buildings with 28-34 floors, providing 4,100 residential units and about 3 million square feet. of floor area.
But this project requires careful planning, because if the bid is successful in April 1988, it is expected to be available for sale in the first half of 1989. But exactly in May 1989, real estate will plummet by 30% to 35%, and it will not be until May 1990. In the past month, housing prices have only returned to the levels of a year ago.
In other words, the best way is to cover up the land and wait until January 1990 to start construction. This requires considering the strength of New Era Real Estate. After all, the land compensation fee of Li Chaoren and CITIC in the previous life was 1 billion, and the subway company's The bidding price is unknown; coupled with the construction fees for bank loans after construction starts, these will generate a lot of interest.
"No matter what, there's nothing to hesitate about. Anyway, I must grab Li Huagua's career!"
The current Li Chaoren's strength is three to four times that of Lin Zuhui. It must be wonderful to be able to snatch food from his tiger's mouth!
Li Chaoren's plan for four major housing estates in the 1990s may be cut off by one of the four major estates planned by Lam Cho-fai, turning it into a plan for three major housing estates.
However, it doesn’t seem to be that easy to grab, so you need to plan carefully.
........
Lin Zuhui received Xiao He, the person in charge of Baoli Technology Xiangjiang, in his office.
He said directly: "Does your company intend to invest in the real estate industry in Xiangjiang?"
Xiao He's eyes lit up. As a Chinese-funded enterprise, who wouldn't want to invest in the real estate industry in Xiangjiang?
However, Chinese-funded enterprises in Hong Kong have only entered Hong Kong in the past few years, and the real estate industry has not been able to operate at all. Even large enterprises like Hua Yuan have handed over the development rights of Tin Shui Wai (Kingwood Villas) to Cheung Kong.
Moreover, the contract between the two parties is very beneficial to Cheung Kong: Cheung Kong holds only 49% of the shares and Huarun holds 51%. However, according to the agreement between the two parties, Cheung Kong guarantees that Huarun will earn at least 750 million in profits. However, if the property price exceeds a certain level, Cheung Kong's profit share will increase from 49% to 75%. (In fact, Cheung Kong later won 75% of the profit share, earning a total profit of 13 billion)
"If we can cooperate with New Era Group, I am willing to persuade the company to invest cash!" Xiao He said quickly.
Last time, others were unwilling to take you to play. Now that others are willing to take you, you have to express your opinion quickly.
Lin Zuhui said with a smile: "At the beginning of April, the Xiangjiang Metro Company will put out a tender for the property rights of the Lantian Metro Station. The one with the highest bid will win! A conservative estimate is that the land fee alone will cost 1 billion, and the bidding price is also over 600 million. If you, Baoli Technology, are interested, you can participate in the bidding together with our New Era Group."
Xiao He was immediately shocked. This project was too big.
You know, the investment in Lijing Garden in the capital is only tens of millions, and the land prices, commodity prices, and labor prices in the capital are too cheap.
"How many percent of the shares can we get?"
"Then it depends on how much cash you can put out! This is what I think. We can refer to the Tin Shui Wai project for cooperation. Our New Era Real Estate guarantees that you will make hundreds of millions of profits from this project. And if the property price exceeds how much, the new How much will Times Real Estate’s profit ratio exceed!”
This cooperation is very beneficial to the New Era Land Group. It only needs to pay the bidding price and land payment fee; all subsequent construction costs, etc., will be solved through loans. Assuming that the bidding price and land payment fee are 1.6 billion, Baoli Technology holds 30% of the shares. It requires 480 million in funds.
New Era Group can guarantee that Baoli Technology will make a profit of RMB 500 million on this project (the rate of return of a guaranteed profit without loss is considered very high), and the construction period is calculated as five years (for large housing estates); if the average sales price of the property rises to RMB 2,500 per square foot (currently 1,000 to 1,100 yuan), then New Era Group’s profit will increase to 80% (it should be 70%).
Lin Zuhui knew that the housing prices in Hong Kong in the 1990s, after February 1991 (the end of the Gulf War), the housing prices in large housing estates like this could rise to 3,000 yuan per square foot. If the properties at Lam Tin MTR Station are managed properly, It can earn more than 5 billion yuan.
At this point, Lin Zuhui definitely has an advantage over Li Chaoren, and he will not hesitate to pay hundreds of millions more in land compensation fees to ensure he wins the bid.
When Xiao He heard that this business was a sure profit, he was immediately tempted and said: "Okay, I will go back to discuss it with everyone immediately, and we will discuss it in detail then!"
Lin Zuhui nodded. For such a large investment, Baoli Technology really needs to prepare.
On the contrary, New Era Group will not even consider it. Even without Baoli Technology, Lin Zuhui is bound to win.
Once Li Chaoren gains strength in his project, he must seize it.
Even his confidante (Zou Kaixuan) has been robbed, what else can't be robbed?
.......
.......
At the end of February, Huazhi Center was officially opened, and the current vacancy rate is only 10%.
At this time, the vacancy rate of office buildings in Central has dropped to 2~5%, and office buildings are extremely scarce (a vacancy rate does not mean that there is no shortage); at the same time, the rent of office buildings in Central has increased significantly.
Huazhi Center (Twin Towers) is located at Admiralty Station in Central. The rent is as high as 28 to 32 yuan per square foot. The floor area of Huazhi Center is 900,000 square feet, and the annual rent is more than 300 million. Net profit
Generally, it is 80%, and the annual net profit is about 240 million yuan.
Office buildings are indeed the most profitable, Lin Zuhui thinks so!
According to the current increase in office rents, it may take five or six years to pay back the rent, and the property value will double in three years!
nice!
New Era Group was the first to move into the 48-storey Tower A of the ‘Huazhi Center’, occupying a full seven floors of office buildings.
On the day the Huazhi Center was put into use, an opening ceremony was held. Many of Lin Zuhui’s friends and partners came to congratulate him.
"Uncle Tong, isn't this business great?" Lin Zuhui said to Zheng Yutong with a smile.
New World also has a 20% interest in Huazhi Center. Less than a year and a half after buying Huazhi Center, office rents in Xiangjiang have increased by 20% to 40%, and the value of Huazhi Center has naturally increased.
Zheng Yutong said with a smile: "You have owned Chinese Real Estate for two years, and its asset value has increased more than ten times, and it has become one of the top ten real estate companies in Hong Kong. It's amazing!"
People around me nodded, saying that Chinese Real Estate is really great. As a subsidiary of a real estate company, it ranks among the top ten real estate companies in Hong Kong (based on market value), which is the number one.
Amid the congratulations from everyone, although Lin Zuhui responded with a smile, he was actually very calm in his heart.
There are only a few buildings here, why is it so easy for me to be satisfied?
"Thank you. I was lucky enough to escape the stock market crash. Otherwise, I would have been forced into debt by the bank!" Lin Zuhui said modestly.
Zheng Yutong, a veteran real estate executive, immediately said: "Chinese people can earn this amount by buying real estate and collecting rent, and the banks will force you to borrow money. They are crazy!" He held out five fingers and smiled.
The debt of Chinese Real Estate is only 1.5 billion, but this year it can earn almost 600 million in net rental profits. Zheng Yutong is conservative!
"Ha ha"
Everyone was chatting happily downstairs, and soon the ceremony began. After the celebration, they were taken to the building for a tour.
...
afternoon.
Sitting in his 1,000-square-foot office, Lin Zuhui looks content and has the temperament of a landlord.
Deeply in love, he lifted his feet onto the valuable desk, looking like Ge You was lying down.
Rent collection in Xiangjiang is really the most profitable business in the world. If he didn't consider improving his influence, he wouldn't want to bother with media, set up a Leit Group (number of employees), and become the largest renting company in Xiangjiang.
Very good!
It wasn't until there was a knock on the door that Lin Zuhui withdrew his thoughts and legs and prepared himself to behave like a chairman.
Gao Yi walked into the office respectfully and said: "Boss!"
"Sit down, Li Ke makes tea!"
It can be seen that the boss is in a good mood. Of course Assistant Li will take the initiative to make tea, but the boss takes the initiative to shout out, obviously he is in a very good mood.
He was in a good mood. With the opening of the China Real Estate Center, Chinese Real Estate's status immediately emerged. As the general manager of Chinese Real Estate, he naturally felt honored, Gao Yi thought.
Then Gao Yi reported to Lin Zuhui on the progress of the design draft of the "Entertainment Building" and that Chinese Real Estate purchased another 300 million high-quality rental properties, mostly office buildings by floors.
After listening to the report, Lin Zuhui said: "I have very high requirements for the design of the reconstruction of the Entertainment Building. It must be built as a representative building of Hong Kong. There is no need to consider the specific construction first. We will have our own professional construction immediately."
The company will leave it to its own company when the time comes."
Gao Yi was a little surprised. Although New Era Real Estate also has the ability to develop office buildings, it can only serve as Party A and has to contract out the construction aspects.
Moreover, the construction investment of the Entertainment Building is very high, about 500 million yuan. You must know that after completion, it will only have a floor area of 170,000 square feet. It is a high-cost beautiful building. The total investment including the land is 900 million yuan.
It seems that the boss has his eye on a listed construction company and is preparing a 'sneak attack'.
"Well, I understand."
Next, Gao Yi told Lin Zuhui some exciting news.
"Boss, I heard from others that the Cui family, the major shareholder of Legu Real Estate, intends to put it on the market!"
Gao Yi knew that his boss was very familiar with the real estate in Xiangjiang, so he didn't bother to introduce Legu Real Estate!
Lin Zuhui's eyes lit up, what a fat chicken leg (industry)!
Legu Real Estate is a listed company, formerly known as Legu Real Estate Printing Company. In 1978, after the printing business was sold to a director, it was renamed 'Laku Real Estate'. Its main business is to rebuild properties in the Xuechang Street area of Central District (
Old building, can be rebuilt), the properties include: Lok Kwu Building in Central, Printing House, Lok Shing House, Lok Kee House in North Point.
Legu Real Estate has always had a stable management style and is an unpopular stock with good profitability. Although the four buildings are old-fashioned buildings, they all occupy a good area, ranging from 10,000 to 20,000 square feet, but their total area is
The value is also over 1 billion.
The market value of Legu Real Estate after the stock market crash seems to be only about 600 million!
"How are they going to put it on the market?"
"I don't know yet! But according to my prediction, the Cui family will probably invite various real estate companies to bid for the acquisition in late April! After all, the Cui family holds 43.25% of the shares. If the new owner acquires all the shares, it will have to make a comprehensive proposal.
acquisition.”
Lin Zuhui nodded, that makes sense!
Only after late April did everyone dare to relax, otherwise the 35% critical line would be a strict curse.
"The bidding and acquisition is fair! If we get 43.25% of the Cui family's shares, we will immediately initiate privatization and merge it into Chinese Real Estate."
"Well, I think so too. If those four buildings are rebuilt, they will be a huge asset!"
Lin Zuhui remembered something and said to Gao Yi: "When you talk about reconstruction, you can pay attention to the properties around Hongji Building and see if you intend to sell them. If there is a plan, we can buy them and let Hongji Building be rebuilt in the future!"
But you don’t need to pursue it too much to avoid being jacked up!”
Many old buildings in Xiangjiang only cover an area of about 10,000 square feet, so buildings are merged from time to time. Once they are combined to cover an area of more than 20,000 square feet, their value will increase exponentially. Spend a little more construction cost,
It's just a drizzle.
Gao Yi nodded and said, "Well, I will take it to heart!"
Merging buildings is not an easy task and may take several years. Landmark spent ten years to merge the former site of Holland Bank and Lee Lee Bank in Ice House Street with only more than 10,000 square feet. Through the purchase of Guangdong
Bank Building (8 Des Voeux Road Central) and Kiu Yee Building merged the four properties into one, and only obtained more than 30,000 square feet of land. During this period, Land also wanted to buy the adjacent Hengchang Building, but unfortunately it could not
As expected. This building became the famous '9 Queen's Road Central' in later generations, with a height of 38 floors, a floor area of more than 360,000 square feet, and a huge shopping mall on the ground floor.
Therefore, we can also propose the merger of Hong Kee Building and wait for the opportunity slowly!
If successful, you can obtain a Grade A Central office building with an area of more than 300,000 square meters, and its value will increase several times or even ten times.
The most important thing is that Hong Kee Building is in a good location, just on Connaught Road, which is also a prime location in the Central District. The most valuable thing in the Central District is the avenue, also known as the financial center, where every inch of land is truly valuable.