"Mr. Lin, welcome to Canary Wharf!" Richman, the president of Canary Wharf Group, greeted him warmly.
Lin Zuhui smiled and said: "Haha, Mr. Richman, every time I come to London, I will come to the office here. I have always watched the development of Canary Wharf, and I am very satisfied with your leadership over the years. I
I believe that Canary Wharf will become Europe's 'Wall Street' under your management."
Richman is an expert in project planning. If it weren't for his crazy expansion back then, he would really be a giant in the real estate industry.
The Canary Wharf project has achieved great success under his development over the years:
In 1995, London's status as a new financial and business district was confirmed.
In 1996, Citibank signed a pre-lease agreement for 56,000 square meters of office buildings (currently Canary Wharf has a total of 1.1 million square meters of office space, and some land has not yet been developed).
In 1997, the Anglo-French summit was held in Canary Wharf.
This year, HSBC signed an agreement for a 110,000-square-meter headquarters office building.
Meanwhile, the Canary Wharf project already has 80 shops and restaurants and 20,000 people working again.
At this time, Canary Wharf has the 'DLR Quay Light Railway Line' and the 'Airport Line'; by next year (1999), there will be three railway lines running together, namely: Jubilee Metro Line (Canary Wharf Station), DLR
Extension line, jubilee line extension line is open.
The leasing rate of the entire Canary Wharf is already 60% (including pre-leasing). I believe that once the subway is opened, the leasing rate will soon reach over 90%.
Because of this, the New Era Group's acquisition of the other 50% of the equity this time will probably cost nearly 13 billion Hong Kong dollars (about 1.3 billion pounds); the other 50% of the equity is mainly in the hands of Citigroup, HSBC, Richman, etc.
Citigroup and HSBC are also major tenants of Canary Wharf. Of course, their rents are very low and their lease terms are as high as 10 years. Because of the introduction of such financial giants, Canary Wharf’s name as ‘European Wall Street’ is truly worthy of its name.
Bahrain Bank, a subsidiary of Lin Zuhui, also moved its headquarters here and rented a 30,000-square-meter building. Bahrain Bank cannot use so much office space, but Lin Zuhui's other companies have moved into this building one after another, so there will be no waste at all.
Everyone was inspecting and talking at Canary Wharf.
Seeing that Canary Wharf was already on the right track, Lin Zuhui became more determined in the idea of a wholly-owned acquisition. Of course, Canary Wharf will still be listed, otherwise how will it continue to expand.
You must know that Canary Wharf can also build 500,000 square meters of commercial area; at the same time, because this area has confirmed its commercial status, there is a large amount of land around it, which is dozens of times the size of Canary CBD.
Residential apartments, commercial buildings, etc. can be developed.
In fact, it is equivalent to building a "new city" in this area. Now that the business is close to success, Lin Zuhui will naturally participate in the subsequent projects.
"Mr. Richman, assuming that New Era Group and various consortiums reach equity purchase agreements, I hope you will continue to lead this project. As a reward, when Canary Group goes public, you will receive 2% of the equity."
Canary is now worth 2.6 billion pounds, and 2% of the equity is at least more than 50 million pounds, which is obviously a very big reward. This is also Lin Zuhui's consistent style, which is to use "local talents" to avoid causing acclimatization. And Canary
There will be investment promotion, second-phase projects and other important developments in the future of Que Wharf. It is very important to retain Richman.
"Thank you Mr. Lin for your trust, I am willing to continue to manage this project!" Richman said without hesitation.
If it hadn't been for Lin Zuhui's help, he would not have obtained 10% of the equity in the Canary Wharf project. In addition, he also hoped to complete the entire Canary Wharf project, so this would be a complete explanation for himself.
Lin Zuhui nodded and said: "Well, after we sign agreements with various consortiums, we will sign specific agreements with you. By the way, I plan to start the second phase of the project after the acquisition, especially the remaining two high-rise buildings.
Construction needs to be carried out one after another.”
There are three skyscrapers in the entire Canary Wharf, and only one has been completed so far. The entire Canary Wharf plan is: 6 buildings exceeding 90,000 square meters, 12 buildings ranging from 30,000 to 60,000 square meters, and 3
10 buildings below 10,000 square meters.
The total property is about 1.6 million square meters, which is about 30% larger than the 12 million square feet of property that Lin Zuhui acquired in Manhattan.
Richman was stunned and immediately said: "Should we wait any longer? The current occupancy rate is only 60%. Although many financial giants are interested in leasing, it is probably after the millennium and everyone is waiting for the subway line to be completed."
Lin Zuhui said: "If we buy your equity with 1.3 billion pounds, then the entire Canary Wharf Group will have no debt and can completely borrow money to complete the remaining projects. At the same time, we are all very interested in this project.
Confidence, in this case, it will naturally be completed in advance, which will be more conducive to leasing. Moreover, once it is listed, the group will have a large amount of funds available. At that time, it can acquire land in the surrounding areas and enter the field of real estate development. "
Richman listened very carefully and admired Lin Zuhui. To put it bluntly, Lin Zuhui used the Canary Wharf Group to launch real estate activities in London and build a British real estate giant.
In fact, New Era Group has developed several residential projects in London, providing almost 1,300 residential units. Moreover, because London housing prices have risen well in recent years, these projects have very good returns.
"I understand, Mr. Lin's idea is very good!"
Lin Zuhui nodded. He may not interfere with Richmann's specific work, but he must still follow his own direction. According to the three-year construction period, the second phase will be completed in 2001. I believe that full rent will not be a problem.
This chapter is not over, please click on the next page to continue reading! Three days later.
New Era Group reached an agreement with Citigroup, HSBC and other consortiums to acquire their Canary Wharf equity for a total price of HK$13.5 billion. These consortiums invested in this project with an annual return of about 16%, which is obviously a very cost-effective deal
.They are not real estate developers themselves, and they will not always hold shares in Canary Group, so they want to cash out through listing.
For a time, it aroused great public opinion in Europe.
In the UK, major newspapers have reported that the overall public opinion is very positive about New Era Group's large-scale investment in the UK. What's more, the British are still obsessed with Hong Kong. Now that New Era Group has invested heavily in the UK, these people have something to say.
As for Lin Zuhui's large-scale investment overseas, it is of course non-existent whether mainland officials are jealous or not.
Lin Zuhui is already a world businessman. Global investment is his trademark and he will not be limited to a certain country.
What's more, mainland officials also understand that Lin Zuhui's investment in the mainland is huge, with New Era Group alone having about 70 billion; not to mention investments from Xiaomi Technology, Leit Group and other companies.
.......
In an office building in London, Lin Zuhui was having talks with Yuan Tianfan, Times Shipping President Morris, and Vice President Wang Tianming.
Morris is the CEO hired from the shipping giant 'Mediterranean Shipping Company'. He has 20 years of rich management experience in this industry, which is exactly what 'Era Shipping' needs. Wang Tianming is the original president of Xiangjiang Shipping and belongs to the new era.
The group's prime-age faction, the returnee faction.
The predecessor of Times Shipping is "Heung Kong Shipping". After reorganization, it will start again and will strive to become a world shipping giant. At present, its business includes shipping and container terminals, of which container terminals are Asia Container Terminals Company. Of course, it can only
It is considered an associated company.
"How are the talks about the acquisition of Thames Port going?" Lin Zuhui asked.
Morris quickly said: "The British side expressed that they would consider leasing to us if they have the conditions. The lease term is 25 years. The specific conditions are..."
Lin Zuhui listened for a while and felt that there was no problem, so he said: "Promise them to complete the signing as soon as possible!"
Morris nodded and said, "Okay, boss."
Today's New Era Group is a high-roller wielding a "money stick". What they want is the effect of "buy, buy, buy."
In this acquisition of Thames Port, Times Shipping is the acquirer. In the future, Times Shipping will develop its port business and it will no longer be in the name of Asia Container. After all, Asia Container has too many shareholders.
Times Shipping has formed an overall plan and consists of three core businesses: sea/air transport, port/tugboat, and logistics/transportation. The three sectors complement each other and develop collaboratively.
In terms of ports, in addition to its associated company, Asia Container, it will also acquire global ports on a wholly-owned basis to form a port network in Europe, America, Asia and Africa.
Lin Zuhui said: "Then the port of Rotterdam in the Netherlands, the port business in South Korea, and the port business in the Americas must be carried out as soon as possible. There is an old Chinese saying that 'the three armies must first move forward with food and grass'. Since we want to develop shipping and logistics, port business will naturally be
Go first."
Morris said seriously: "Okay, there is not much problem with the port of Rotterdam in the Netherlands. As for the ports in South Korea and South America, they are also good opportunities due to the impact of the Asian financial crisis. Considering some factors, it is okay if we can hold a controlling stake first
, we will consider full shareholding later.”
Lin Zuhui said with satisfaction: "Yes, Times Shipping takes shipping as the core, and port flow and logistics are auxiliary effects. In terms of shipping, it also involves route channels, so it has to adopt the acquisition method. At the same time, Asia Finance
The impact of the storm will continue to affect shipping conditions. I predict that 1999~2001 will be the trough of world shipping. If we build a huge fleet during this period, once shipping prices rise, we will become one of the top ten shipping giants in the world."
Everyone heard how heroic they were. The world's shipping giants did not develop over decades or hundreds of years, but my own boss built a shipping giant in just a few years. He was obviously an outlier.
Of course, New Era Group has this strength.
This acquisition of Thames Port is more or less related to Lin Zuhui's influence.