Chapter 290 [Progress of Two Commercial Buildings]
At the beginning of this year, in the face of ATV's poaching offensive, TVB's hearts were in a state of flux, but Uncle Six remained unmoved.
Everyone knows that ATV is a "silver bullet" (a loss-making business). As long as TVB reduces its shareholder dividends (annual profit is 200 million) and uses money to win money, ATV will not be too successful.
Uncle Shao Liu didn't think so. Offering high salary to retain someone was tantamount to bleeding him.
Uncle Liu brought the frugal style developed at Shaw Brothers Studios to Wireless.
In his opinion, artists are all greedy. If they have 10,000, they will want 20,000, and if they get 20,000, they will want 30,000. Their greed cannot be satisfied.
Even though ATV poached TVB and poached the artists of "Happy Tonight" to pieces, Shao Liushu did not waver.
Of course, Shao Liushu also tried to poach ATV's backstage pillars, but he was disappointed. It turned out that Lin Zuhui raised his salary by 30% in advance, and negotiated with the middle and senior management one by one, so no one was left with the treasure (only the middle and senior management).
ATV has been carefully preparing for nearly five months. Although there has been some progress, Uncle Shao still doesn't take it to heart.
However, since the first episode of ATV's "Prize Doorman" was aired and the drama series "Big Era" was highly promoted, Shao Liushu couldn't sit still.
Urgently organize a high-level meeting!
"What do you think?" Shao Liushu first planned to listen to everyone's opinions.
The person sitting next to him is his confidante Fong Yihua, who is also the CEO of TVB. Therefore, some media said that "all TV stations in Hong Kong are headed by women."
Fong Yihua said: "According to my people's inquiries, "Prize Doorman" and "Big Era" are both programs hand-picked by Lin Zuhui. If you think about DreamWorks' top movies, you will know that these two programs cannot be underestimated. We should
Pay attention."
A senior executive said: "We can also follow the trend and create a comedy like "Prize Doorman". The hosts Liao Weixiong and Hu Dawei would be good!"
A senior executive echoed: "Don't be afraid of being the first, but be afraid of not laughing! We should really respond proactively and develop the same comedy (program). ATV has poached so many of us, and I believe it has no shame to accuse us of following the trend!"
Good guy, if Lin Zuhui hears this sentence, he will definitely use the Foshan Shadowless Kick!
Can it be the same?
One is poaching with real money, and the other is following the trend or plagiarizing without paying anything.
Uncle Shao Liu quickly agreed to this plan, which was to produce the same comedian program!
As for the TV series "Big Time", TVB's top executives all thought that they should wait and see. If the subject matter is good, TVB is fully capable of filming a gathering of similar subjects. The company has so many talents that there is no need to worry!
In the end, some senior officials pointed out the key points.
"Uncle Six, Lin Zuhui is none other than Lin Zuhui. He is a recognized media tycoon in Hong Kong. He must have very high attainments in the communication industry. I think our TVB should pay more attention to it. At least, we must keep the remaining people in front of and behind the scenes.
!”
When he heard that he was about to spread money, Uncle Shao stopped and said rudely: "What's the use? Their ATV business is a loss-making business. Do we, TVB, have to follow suit? When the old actors leave, we will cultivate new actors. Who doesn't love the audience?"
Watch Jade, Pearl? Love House and Crow, the audience will also accept the new characters appearing in Jade, Pearl!"
Some senior executives are disappointed!
Some people even thought: "Uncle Six doesn't want to think about himself. If he has 5 billion, he wants 8 billion. If he has 8 billion, he wants 10 billion! You all have this idea, let alone those artists with tens of millions!"
However, in TVB, Uncle Shao Liu is the king and no one can shake him!
Therefore, this matter cannot be settled!
.......
Saturday.
In the morning, Lin Zuhui, accompanied by Gao Yi (General Manager of Chinese Real Estate) and Wang Fu (General Manager of Baohua Construction), prepared to inspect two recent major projects of Chinese Real Estate - Entertainment Building and Jialan Center.
First, the group came to the construction site of the Entertainment Building on Queen's Road in Central (which has been bulldozed).
The Entertainment Building covers an area of only 5,800 square feet, which can be said to be a small building. However, after being rebuilt by Liu Luanxiong in its previous life, it was 32 stories high and had a property area of 170,000 square feet. At the peak of the real estate industry in 1996, it was sold for 3.6 billion.
The sale to Hysan Real Estate was a successful event that is most talked about by future generations.
Later, Hysan Properties resold the property for NT$2.7 billion in September 2005 and lost NT$900 million (including the rent, it made a lot, mainly because the 1998 financial crisis had a huge impact); the real person who bought it
It was the fourth wife of D God. Later, the building was valued at 5 billion to 8 billion (the timeline is different), and it was also the most valuable property of the fourth wife.
The reason why this building is valuable is because it is the banking district and retail district of Central - Queen's Road, which is the most valuable area in Central. Coupled with the long history of this building, which has been rebuilt four times, it is also
Increased its value.
When we arrived at the bulldozed construction site, it was already surrounded!
"When can Baohua Construction enter the site?" Lin Zuhui asked.
It has only been more than a month since the Baohua Construction Group was privatized. Later, New Era Group integrated its construction department with Baohua Construction, eventually forming a powerful construction company - Baohua Construction.
This company can independently complete large-scale projects such as skyscrapers, hotels, and large housing estates; it provides comprehensive services including project planning, design, drawing, electrical engineering, construction engineering, interior decoration, etc.
This is the purpose of Lin Zuhui's hostile takeover. He needs such a company so much!
Wang Fu said: "The groundbreaking ceremony is planned to be held in August, and construction can start immediately!"
Lin Zuhui nodded and expressed that he was very satisfied with this arrangement!
The design work of the Entertainment Building has been handed over to a Panamanian design company a long time ago and has been finalized. The new Entertainment Building is still 32 floors (determined by the Planning Department, otherwise there will be no problem building 50 floors), and the ground floor is a fashion store.
, a Western restaurant and a Chinese restaurant, with an office building on the upper floor. In terms of appearance, it looks like a mirage, like a castle with a corner tower in the distance, summoning the magical country described in Gulliver's Travels, and is a neoclassical skyscraper.
This chapter is not over yet, please click on the next page to continue reading! Lin Zuhui added: "The construction cost of the entertainment industry is 500 million, while the construction cost of Jialan Center is estimated to be 600-800 million. All these costs will be solved through loans!"
Gao Yi nodded and said: "There is no problem with this, the bank is very happy!"
Yes, as a real estate developer, as long as you have a piece of land, you can build high-rise buildings;
In the early stage, you can get a bank loan, and in the later stage, you can use off-plan sales.
Of course, the two buildings of Chinese Land are rentable, and the later stage will still have to be completed with the rent of Chinese Land.
After the acquisition of Legu Real Estate, the annual net rental profit of Huaren Real Estate may reach more than 700 million yuan (in 1988), which is comparable to that of a large real estate company. After all, it is also ranked among the top ten real estate companies.
At this time, Chinese Real Estate has a cash flow of 500 million on its books, while its liabilities are 2.4 billion.
Lin Zuhui plans to use the 500 million to invest in the securities industry, but the time has not yet come.
.....
After a while, everyone came to No. 1-38 Enping Road, which is expected to be demolished by the end of the year.
“I never dreamed that we could acquire this piece of land in less than half a month!”
Gao Yi said with a smile: "It's all the boss's good command! Although the overall premium was 25% at that time, I was afraid that if we negotiated in the second half of this year, the price might be even higher, and even those owners might not be willing if they see that the market is getting better.
For sale! There is also No. 1 Yun Ping Road. If the boss hadn’t taken action, the Lee Hysan family might not have sold it. After all, we have already broken into their lair.”
The entire Enping Road project cost a total of 350 million in building and construction fees;
The same commercial land, if auctioned by the Hong Kong government, may reach 400 million to 500 million.
Lin Zuhui said with a smile: "I was also surprised. At that time, I was so excited that I made money back from a future 600,000-square-foot high-end commercial building! Of course, the Lee family asked us to invest in Baohua Construction.
They lost a total of 200 million! It’s an advantage for them!”
If Li Dingchang hadn't disrupted the situation, New Times planned to control a first-class construction company with less than 300 million;
Even if it is privatized, the cost will not exceed 700 million.
Therefore, the two families are still enemies, and Lin Zuhui will have to regain his position sooner or later.
A 600,000-square-foot high-end commercial building was invested by Chinese Real Estate with real money (the total investment is estimated to be 1 billion to 1.2 billion). On the Baohua Building, Chinese Real Estate also clearly spent an extra 200 million to 3 billion.
100 million.
Then, Lin Zuhui said to Wang Fu: "Although the estimated construction cost of Jialan Center is 600 million to 800 million, in fact, in order to build a first-class commercial building, it can exceed the budget. Since we dare to come to the Li Hysan base camp, we must build it
A first-class building is majestic in this way! Therefore, you must come up with a good design draft!"
If the construction fee is high, the value of the building itself will also increase, so there will be no loss.
Wang Fu nodded and said: "Don't worry, boss, I will definitely give you a satisfactory plan!"
Currently, there are 11 buildings owned by Chinese Real Estate, which are:
Building 7 in Central District: Chinese Center Tower A and B (Admiralty), Entertainment Building (under reconstruction), Hong Kee Building, Lok Ku Building, Printing House, Lek Shing Building
Wan Chai:Harcourt Building
Causeway Bay: Royal House, Grand Center (land, unbuilt)
North Point: Lok Kei Hong
In addition to the 11 buildings, there are also rental properties worth more than 2 billion, including office buildings, shopping malls, etc.
Its asset value has reached 10.5 billion, while its liabilities are only 2.4 billion, and its net assets have reached 8 billion.
It can only be described as 'horrible'!
Before May 1989, there should be one or two waves of development opportunities, and not surprisingly, there should be land auctions at the land king level.
Therefore, Chinese real estate is still expanding!
As for the issue of high debt, Lin Zuhui still has multiple channels to reduce his holdings.
The difference from the 1987 stock market crash is that he is much better now!
There is no longer any talk of going all out, and at most the debt will just be higher.
Moreover, the combination of Chinese Real Estate, New Era Group, and the Lin Zuhui family is already very powerful if they bid. Moreover, if it is a very large project, Lin Zuhui can also win over New World and Gaosheng Real Estate to complete it.