Chapter 444 [Construction of Bank Headquarters Building]
Monday, June 10th.
In the office of Huazhi Center, Lin Zuhui was sitting at his desk, holding a pen in one hand and flipping through information with the other. Although he was at work, his expression looked very relaxed.
Since Yuan Tianfan took office as the president of Hengchang Holdings, the affairs of New Era Group have been quite orderly. There are no longer so many subsidiaries that need to be handled by Lin Zuhui. He does not need to 'do everything in detail', but '
Catch the big and let go the small'.
The organizational structure of New Era Group is roughly as follows: New Era Real Estate/Construction, Chinese Real Estate, New Era Hotel, Hengchang Holdings, and New Era Group (China), namely the five core ‘first-level subsidiaries’.
New Era Group also has a weakness, that is, it is not good at infrastructure industries, such as tunnels, railways, and landfills (garbage disposal), and has lost some infrastructure projects in Hong Kong.
However, Lam Cho-fai does not plan to strengthen his strength in infrastructure construction, so let Sun Hung Kai Properties do it.
In the previous life, Sun Hung Kai was indeed strong, and its market value was always higher than that of Cheung Kong Holdings. However, in this life, it was cut off by Lam Cho-fai. In this life, Sun Hung Kai's shopping mall network will be reduced by one-third, and Weixin Parking Group will be directly taken over by New Era Group.
Acquisition, the 'Central Plaza' brand was acquired by New Era Group, not to mention the loss in land reserves.
"Dong dong"
"Come in"
Li Ke walked in with Gao Yi, general manager of Chinese Real Estate.
Gao Yi sat respectfully on the sofa, waiting for the boss's assistant Li Ke to make tea for him, without forgetting to say thank you!
"Boss, the Jialan Center in Causeway Bay has been completely completed!"
Lin Zuhui immediately asked: "How is the leasing situation?"
Gao Yi said: "The current vacancy rate is 10%!"
A bit serious!
Buildings are generally available for leasing one year before completion. The 10% vacancy rate also shows the sluggishness of Xiangjiang's office buildings.
From 1990 to 1991, after the peak of office buildings in Xiangjiang in 1989, rents fell due to a large increase in supply. Of course, this was also due to the withdrawal of foreign capital. Therefore, some real estate developers were significantly less interested in building office buildings, and even moved some of them to
Of course, if a residential building is converted into a residential building, it will not be in a central commercial area.
The rent of office buildings in the commercial center is still 30 to 56 Hong Kong dollars per square foot per month. The price is still affordable, ranking fourth in the world. After the reform next year, foreign investment will return to Hong Kong, and the rent of office buildings will naturally be very high.
It will rise quickly. And New Era Group's office buildings are put into use one after another, so it will naturally make a lot of money.
Of course, New Era Group’s model (which focuses on rent-collecting properties) is not suitable for any real estate group in Hong Kong; since Lam Cho-fai took over, New Era Group has made nearly 10 billion in financial profits and raised tens of billions through rights issues. With such a huge
In terms of financing capabilities, the group's net assets are now only over 90 billion. You must know that New Era Group achieved its current strength by achieving a sharp increase in assets during the decline of real estate in 1987 and 1989.
Lin Zuhui still said calmly: "The general environment is like this, and it is normal for the vacancy rate to be so high. In any case, we have passed the 'always a lot of debt' stage, and the performance of rental properties is slightly poor, which does not affect the overall strength of the group
.”
Gao Yi nodded. The strategy of strengthening the development of rent-collecting properties was finalized by the boss himself. Although real estate developers in Hong Kong do not have this crazy method of borrowing large amounts of debt to invest in rent-collecting properties, because rent-collecting properties theoretically need to pay back their capital.
It takes ten years, while it only takes three to four years to develop properties. However, my boss understands finance and the general trend. Even if other real estate developers want to learn from him, they have to weigh their own strength.
Lin Zuhui then said: "Choose the opening ceremony at the end of July to make it grand!"
"OK!"
Gao Yi knows that Jialan Center is not just a 600,000-square-foot first-class commercial building, but a trophy that the boss used to teach Hysan Real Estate a lesson.
Back then, only my own boss was the one who 'sniped' other companies. Who would have thought that Hysan Real Estate would launch a counter-takeover in the 'Baohua Construction Acquisition War', causing New Era Group to lose 200 million yuan.
The money lost was second, but at that time, Hysan Real Estate was using the slogan of "walking for justice" and occupied the "righteousness", which caused its own boss to suffer a loss of reputation. Because at that time, New Era Group was engaged in a hostile takeover of the insurance company.
Chinese architecture.
However, later, his boss dug up a piece of land from Hysan Real Estate's home base, which can be regarded as regaining ground.
New Era Group acquired a 600,000-square-foot commercial building with a current value of 3 billion, which is absolutely worth every penny.
Therefore, the boss said that the opening ceremony should be grander.
The four floors below the Grand Center are shopping malls, and the building itself is in the base area of Hysan Land. Once it opens, it will pose a great threat to Hysan Land's shopping malls and office buildings.
Finally, Lin Zuhui said: "I plan to rebuild the Hong Kee Building and the Chinese Bank Building into the headquarters buildings of my banks as soon as possible. You can start making preparations and move the tenants out as soon as possible."
Gao Yi nodded happily and said, "Well, I'll coordinate everyone as soon as possible!"
There are many options for the Lin family’s bank headquarters:
The two buildings in the Wan Guo Baotong Center were originally called the Wan Guo Baotong Building and the other was the Asia Pacific Financial Building. The Asia Pacific Financial Building could be used as the headquarters of his own bank. However, Lin Zuhui did not like his bank to be too high-profile.
Guobaotong, Bank of China, HSBC, and Standard Chartered Bank are all here.
Therefore, Lin Zuhui decided to merge the Chinese Bank Building and Hong Kee Building to build the headquarters building of his own bank. The two pieces of land combined have nearly 30,000 square feet, enough to build a 400,000-square-foot super first-class commercial building.
As for the Chinese Bank, we can only find another location. Anyway, there is a small bank on the left and right.
At the same time, Lin Zuyao also arranged for the merger of Block AB of the Crocodile Shirt Building and the Chenda Group Building to build the LEIT Group Building.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! For a time, the buildings owned by Lin Zuhui were rebuilt one after another. If his companies were not strong enough, this would be unimaginable.
Especially New Era Group, nine of its buildings are under reconstruction, including:
Jialan Center has been completed
Hong Kee Building and Mandarin Bank Building are scheduled to merge and prepare for redevelopment
The Universal Baotong Center will be put into use at the end of next year (1992)
Central Plaza will be put into use in the middle of next year
It turns out that four buildings of Legu Real Estate are under reconstruction and are expected to be completed in the first half of 1993.
No. 9 Queen's Road Central will be completed by the end of this year
The construction cost of a building ranges from 500 million to 1 billion. The construction cost of 9 Queen's Road Central is 580 million (real data), the construction cost of Gloria Center is 600 million, and the construction cost of Central Plaza is more than 1.8 billion (78 floors). Kingdom
Baotong Center 2 billion (two buildings).
After Gao Yi left, Liang Zhenxun came to Lin Zuhui's office.
"boss"
Lin Zuhui nodded and said: "Ask the Securities Department to invest in the December futures contract, with an investment of three to five billion, as long as it doesn't have a big impact! Complete the investment as soon as possible within two weeks."
Why do you say it can't have a big impact? Because since the futures contract was introduced, every April, May, June, September, and December, the Hang Seng Index in these five months will most likely fall, because there are futures contracts.
drag.
For example, in early April this year it had risen to 3,900 points, but at the end of April, the futures index had fallen to about 3,650 points;
For example, it rose to 3,900 points again in mid-May this year, but fell to around 3,700 points when the futures index was delivered at the end of May;
In the same way, because June is also the futures delivery month, the overall trend this month is downward, currently over 3,600 points.
And Lin Zuhui knows that it will skyrocket by more than 600 points this year. With the results of Huaying's airport negotiations in July, Hong Kong's stock market and real estate will usher in a round of skyrocketing.
In addition, Hong Kong's economy has reversed its decline in 1991, so the stock market will rise to more than 4,200 points throughout the year.
Liang Zhenxun immediately said: "Okay, I'll get ready right away!"
New Era Group has a securities department and a financial company;
Among them, finance companies can provide installment loans to home buyers on their own, which is an area that mainland real estate companies did not cover in previous generations.
Of course, the financial companies of real estate companies are definitely not as powerful as banks, so home buyers still mainly rely on banks to provide installment payments.
News Building.
Lin Zuhui was looking at the comic draft of "Detective Conan" in his office, and he felt quite excited. Not only was it 90% similar to his previous life, it was also 70% similar. As for the plot, Lin Zuhui supported more than a dozen cases.
The team of "Detective Conan" has consulted a lot of information, and also specifically asked Hong Kong JC crime-solving experts and private detective agencies for advice. I believe that even if it is different from the previous version, it will not be that bad.
In addition, Lin Zuhui also contributed the classic line "There is only one truth". Even the classic line "The decision is you, Pikachu" in "Pokémon" was also created by Lin Zuhui.
After putting away the manuscript of "Detective Conan", Lin Zuhui couldn't help but feel overwhelmed with admiration.
In recent months, he and the management of Wanhui Comics have done a lot of work, preparing comic serial publications, acquiring toy factories, and acquiring animation production companies. It can be said that they are preparing for a big move, and the investment is very large. The current total investment is 3
More than 100 million Hong Kong dollars.
However, Lin Zuhui was also confident. He went to Zou Wenhuai to inquire about "Teenage Mutant Ninja Turtles", and he exclaimed - the comic industry is really fucking profitable.
Let's not talk about the box office of "Teenage Mutant Ninja Turtles" reaching hundreds of millions of dollars. Let's talk about a toy factory in Hong Kong - Caixing Group. Because it has obtained the exclusive global toy master franchise of "Teenage Mutant Ninja Turtles", and it is an exclusive global franchise.
And was allowed to create and promote category toys. The company's profits surged tenfold in 1990. After the "Teenage Mutant Ninja Turtles" movie became a hit at the box office, Color Star Group's net profit in 1990 was as high as 1.2 billion.
Seeing the success of "The Turtles", Lin Zuhui became more confident in "Detective Conan" and "Pokémon". Especially Pikachu toys, he believes that they can be sold all over the world!
The image of Pikachu is almost 90% similar to the previous life, because Lin Zuhui has a deep memory.
Calling Luo Bencheng, the general manager of Wanhui Comics, Lin Zuhui said: "On July 1st, our comic serial publication "Manke Show" can be officially launched, focusing on "Detective Conan". As for "Pokémon" again,
Wait a few months. After "Detective Conan" is serialized, we will quickly prepare to shoot the animation series. At the same time, we must quickly open the market in Taiwan and Southeast Asia, then fight against Japan and South Korea, and finally occupy Europe and the United States."
The predecessor of Wanhui Comics, Yulang Organization, has its own overseas comic distribution channels (cooperation). Coupled with the improvements in recent years, Wanhui Comics' overseas distribution capabilities have become very powerful. After all, "Dragon and Tiger Gate"
", "Wind and Cloud" is very popular overseas.
With these foundations and good works, "cartoons revitalize Hong Kong" is by no means empty talk.
The only worry is that the overall quality of the work may not be as good as the previous one, but in any case, with Lin Zuhui's outline and creativity, there is still great hope for achieving 70% success.
Luo Benzheng also nodded excitedly. In the past five months, Wanhui Comics has grown rapidly like a snowball. Affiliated companies, management, and chief writers have increased one after another, and his status has also risen. Fortunately, he has been responsible for Wanhui Comics over the years.
He has experience in Hui Comics, overseas distribution, Japanese cooperation and other work, so he is fully qualified now.
"Okay! The toy factory is also studying "Conan" action figures and toys, and the three "Manke SHOW" physical stores in Hong Kong are also ready to open at any time. We have initially completed the layout of the comic industry chain!"
Lin Zuhui said with satisfaction: "I have confidence in both "Detective Conan" and "Pokémon", and I hope you will strengthen your other works as well. The company invested more than 300 million yuan, which is just an initial investment, and will continue to invest in the future, mainly
It is used for overseas promotion and peripheral development.”
"The company has invested so much, and with the boss's command, I believe that the 'Cartoon Revitalization of Hong Kong' will definitely come true!"
Lin Zuhui often talks freely with the management about his ideals and aspirations, Japan's achievements and future prospects in the comics industry, and calls on everyone to work together to follow Japan's industrial chain.
He has also specially prepared to develop a TV show for comics, focusing on "Detective Conan" and "Pokémon".
It can be said that they have achieved the layout of the entire industry chain!