After completing the inspection in Jiangcheng, Lin Zuhui returned to Xiangjiang and did not go to Zhejiang Province to inspect Qiandao Lake.
Nongfu Spring is an investment plan in the second half of the year or early next year, so there is no need to rush, because first of all, the domestic mineral water market is not yet mature, and secondly, Zhong Shoufu only launched Nongfu Spring in 1996 in his previous life, so there is plenty of time.
.......
Wednesday, April 8th.
Xiangjiang, Huazhi Center.
Lin Zuhui was in his office, thinking seriously about the problem.
Today, the family-run investment consultant sent back a piece of news from America that gave him a taste of 'money'.
The news is: Canada's Olympia & York Company, which has a high reputation in the international financial community and a sound business style, announced yesterday that it has asked 91 large commercial banks to postpone the repayment of tens of billions of dollars in debt it owes, and requested a grant.
New huge loans were taken to tide over the difficulties. As soon as the news came out, it immediately caused panic and uneasiness among creditors.
Based on this news, Lin Zuhui knew that the opportunity for bargain hunting in commercial real estate in Europe and the United States was coming soon.
There is absolutely no bank that can lend money to Olympia & York, and this company is expected to file for bankruptcy protection in May.
The so-called "bankruptcy protection" means that regardless of whether the debtor has solvency, when the debtor voluntarily files an application for bankruptcy reorganization with the court or the creditor compulsorily files an application for bankruptcy reorganization with the court, the debtor must propose a bankruptcy reorganization plan, including the time limit, method and possibility of debt repayment.
Arrangements are made to reduce the interests of certain creditors and shareholders. This plan must be given a certain amount of time to propose, and then be approved by the creditors and confirmed by the court. The debtor can continue to operate. This is the concept of reorganization, also called bankruptcy protection in Chinese.
However, with so many banks involved, this bankruptcy protection will not pass, and Olympia & York is left with the only option of bankruptcy.
Historically, the company declared bankruptcy at the end of the year.
Olympia & York, owned by the family of Canadian billionaire Paul Richman, owns numerous office buildings and high-rise buildings in the United States, the United Kingdom and Canada. The commercial real estate in New York City alone is equivalent to 8 Empire State Buildings.
The scale of the later world-famous London's Canary Wharf Financial CBD (Europe's Wall Street) is currently being developed by this company.
bidige.
This company provides 2% of the New York City Municipal Government's real estate taxes. The company's total assets are around US$20 billion. Because it is not listed on the market, it has long been the leader among private real estate companies in the world.
The prosperity and decline of the economy are often reflected by the situation of the real estate industry. When the economy is booming, construction sites are busy with cranes, hard-shell hats, and workers' sweat...but when the economy is in recession, there are empty office buildings everywhere.
, the outside is covered with auction posters.
At this time, the new high-rise buildings could not find tenants, and the landlords had no tenants, and bad consequences occurred one after another. Not only did the construction workers lose their jobs, the demand for cement, masonry, steel and glass was greatly reduced, and the banking industry was soon implicated.
.
In recent years, the Western economy has generally been stagnant. Troubled by this, countries such as the United States, Canada, the United Kingdom, and Japan have experienced a surplus of commercial real estate, land prices have plummeted, and commercial real estate markets have collapsed one after another.
Famous American real estate tycoons such as Donald Trump and John Portman were forced to sell off their real estate properties to pay off their debts.
Generally speaking, the vacant area of office buildings is a barometer of the rise and fall of the commercial real estate industry. The current vacant area of office buildings in the United States is unprecedented in history, with almost 1 square meter of every 5 square meters being vacant.
Normally, if the vacancy rate of a building reaches 17%, the homeowner will suffer losses. However, in 1991, the average vacancy rate of office buildings in Los Angeles, USA, was as high as 25.2%, and the vacancy rate of buildings in the business districts of Houston, Chicago, and New York City was as high as 25.2%.
They are all around 20%.
In this way, of course no one will be willing to buy those skyscrapers, the decline of the real estate industry will be inevitable, and worker unemployment will also increase.
The signal is coming!
What should I do?
Lin Zuhui has always wanted to be the overlord of the world's commercial real estate. Now is the opportunity and the best opportunity to buy at the bottom.
He called Liang Zhenxun and planned to make financial arrangements. This kind of commercial real estate investment must be based on New Era Group as the flagship, and personal funds can also participate appropriately.
No matter how high the return on real estate is, it will not be as high as the profit from gold speculation at the end of the year.
Lin Zuhui knew that in September this year, Soros shorted the pound in large quantities. The pound depreciated all the way. Even though the British government used a large amount of foreign exchange reserves to defend the pound, it ultimately failed miserably and was forced to withdraw from the European exchange rate system. And Soros became the biggest winner.
Profit of nearly 1 billion US dollars.
After Britain withdrew from the European Exchange Mechanism, gold surged in 1993, rising by nearly 30%.
To do gold futures, you must have high leverage. If you use 20 times the leverage, you can get six times the profit. As long as the amount of funds is sufficient, the risk of leverage is small enough. For example, if he invests 2 billion Hong Kong dollars, he may still have 6 billion.
The reserve fund can be used to cover positions at any time.
"Boss!" Liang Zhenxun walked in and greeted him respectfully.
Lin Zuhui nodded and motioned for him to sit down.
"We will arrange a rights issue to raise funds later this month to raise 3 billion; we will issue convertible bonds to raise 2 billion. We will strive to complete the fundraising of 5 billion in April and May."
"The boss plans to invest in New York commercial real estate?"
Lin Zuhui nodded and said: "We take what others give up. Canada's largest commercial real estate company, Olympia York Company, is currently on the verge of bankruptcy. This shows that office buildings in Europe and the United States have almost reached the bottom. And our New Era Group now has sufficient funds and building profits are rolling in.
, the situation is very good; in addition, Xiangjiang is too small, we only need to develop step by step, and we will be the number one real estate group."
Liang Zhenxun said worriedly: "However, the rate of return in Europe and the United States has always been very poor, and now you are preparing to enter the mainland."
Lin Zuhui liked his subordinates' questions and advice very much, although he would not listen.
"The reason for the poor return rate is that we didn't buy the bottom! Office buildings in Europe and the United States have fallen like this in the past few years. I don't believe that Europe and the United States are so advanced in technology. Will office buildings still fall to cabbage prices?"
"This is impossible! In any country with a stable political situation and a small real estate bubble, it is definitely profitable to invest in real estate. But how much does the boss plan to invest?"
Lin Zuhui thought for a while and said: "It depends on the situation. You are right to remind me. If I can't buy something cheap, I will definitely not invest."
He does know Buffett's real estate investment direction in his previous life. It was the only time he invested in real estate. He emphasized that he only invested in properties around New York University City.
In fact, Lin Zuhui also has an idea, that is, whether he can partially purchase Olympia York Company's 16 million square feet building in New York.
The future is that it is cheap enough!
Anyway, I have to prepare for a trip to New York!
"Okay, I'll prepare to raise funds right away. But we now have more than 6 billion in cash on our account, which is quite generous."
"It doesn't hurt to raise more funds. I have prepared 1.5 to 2 billion funds to subscribe for stocks and bonds. Just go ahead and do it!"
Liang Zhenxun was surprised in his heart, how much money did this boss make?
7.5 billion Hong Kong dollars were spent on banks alone, and rights issues amounted to billions and billions every year, which is simply unbelievable.