This year, Canary Wharf Group has welcomed the opening of the "Docklands Light Railway Extension Line", "Canary Wharf Metro Station" and "Metro Extension Line". From then on, the only problem that has plagued the Canary Wharf Group is transportation.
, then it is easily solved.
The entire Canary Wharf currently has 12 million square feet of commercial property and 4 million square feet of commercial business under construction. The value of these properties will skyrocket.
New Era Group has spent more than 3 billion US dollars on this project. After more than six years of construction, it has finally ushered in the payback period. The current valuation of Canary Wharf Group has reached more than 6 billion US dollars. After all,
It holds the entire Canary Wharf property and has the advantage of successively developing surrounding areas.
On this day, the Canary Wharf subway station was officially opened. Lin Zuhui and London Mayor Peter Levin attended this event. Others present were Canary Wharf Group CEO Richman and others.
At the rostrum of the ceremony, Peter Levine delivered a speech. The Canary Wharf area has been clearly designated as London's new financial CBD. As early as more than five years ago, the London government wanted to prevent the unfinished project from affecting London's investment.
environment, we formulated various strategies and carried out work in all aspects, from transportation to publicity.
When London's Canary Wharf Group gave a speech, Richman naturally took the stage, and Lin Zuhui only attended as a guest.
Richman's speech was very contagious. He first said that three large groups, Morgan Stanley, Credit Suisse, and Clifford Chance, have leased three buildings with a total of 1.8 million square feet of property. Canary Wharf is expected to reach leasing levels by the end of the year.
The rate was 99%; later, Richman said that the Canary Wharf Group would complete the remaining 4 million square feet of property in 2002; finally, he also said that the Canary Wharf Group would fully participate in the development of areas around Canary Wharf.
construction.
Richman's speech immediately painted a very good picture of the prospects of Canary Wharf and its surrounding areas, which is naturally what the London government wants to see. To put it bluntly, Canary Wharf was originally an abandoned wharf. If it weren't for external capital,
This place must still be a mess.
Sitting at the guest table, Lin Zuhui was also thinking in his mind.
Canary Wharf Group is New Era Group's flagship real estate group in Europe. It plans to list it in the first half of 2007 and sell part of its properties. In this way, Canary Wharf Group will own after the Lehman outbreak.
A large amount of cash was used to buy the bottom, and it was completely promoted to the largest real estate company in Europe.
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Lin Zuhui’s investments in the UK are almost all real estate and related:
The two shopping malls invested by Amazon Shopping Center are the ‘Amazon Shopping Center’ in Canary Wharf and the ‘Amazon Shopping Center’ in White City, London (the former site of the 1908 Franco-British Exhibition).
There are also Langham Hotels and Ritz-Carlton Hotels, which own several five-star luxury hotels in the UK.
There are also terminal projects. There are two terminals in total, namely Port Phillis, the largest container group port in the UK, and Thames Port.
As for the telecommunications industry, it will be sold this year, so I won’t consider it.
There is also a department store company, but it is under the Leit Group.
Other scattered investments are not included.
To sum up, the UK can continue to increase investment for two reasons:
The first is, of course, the relationship between Hong Kong and the United Kingdom, and the long-term relationship established by Lin Zuhui in the United Kingdom;
Second, the UK is an important country in Europe. It is a strategy to use the UK as a bridgehead and invest in the entire Europe.
After the ceremony, Lin Zuhui came to Richman's office. The two were not really subordinates, and Richman was more like his partner.
Lin Zuhui attaches great importance to Lichtmann's important position in the Canary Wharf Group, because others have been planning this project since 1986, and their abilities, connections, etc. cannot be replaced by someone casually.
"Mr. Lin, what are your plans for the listing of Canary Wharf Group?" Richman asked with concern.
Lin Zuhui promised that when the leasing rate of the first phase of Canary Wharf reached 99%, he would give Richman 2% of the shares, which would be a fortune of hundreds of millions of dollars. Richman was naturally very concerned about it. Of course, he returned the money every year
With an annual salary of 3 million US dollars plus various subsidies, it can be considered a considerable income.
"It's still early for the listing, but if you need to cash out, you can always tell me." Lin Zuhui said with a smile.
Richman asked tentatively: "To what extent does Mr. Lin plan to develop the Canary Wharf Group?"
Lin Zuhui replied: "The second phase of Canary Wharf has not yet been completed and leasing has been completed, and there is still a large area of land around Canary for development, so the prospects of this company are unlimited."
Richman said: "That's true! But with the strength of your group, you don't even have to consider going public, right?"
Lin Zuhui spread his hands and said: "That may be the case. In short, the future is unpredictable, but I will not treat you badly, the founder of Canary Wharf."
Richman has great power in the Canary Wharf Group. New Era Business Management only dispatched financial audits and supervision, leaving the rest to him.
Richman said at this time: "I am getting old, and to be honest, I plan to really retire, so not only do I want to cash out, I also want to resign as CEO of Canary Wharf."
Lin Zuhui was stunned for a moment. Looking at Richman again, the others seemed to be in their early 70s.
After thinking for a while, Lin Zuhui said: "Okay, if you want to cash out, when the leasing rate reaches 99%, we are willing to pay you US$120 million to redeem the 2% equity you should have received; as for resigning as CEO
Regarding the matter, I hope you will give me a certain amount of time to find a replacement."
Richman said happily: "Of course there is no problem! If Mr. Lin hadn't helped me back then, my life would not be so rich."
At that time, Lin Zuhui also redeemed 10% of Lichtmann's equity. Although it later returned to Lin Zuhui, he received at least about 150 million U.S. dollars in income. In addition to the high salary over the years, and the last 1.2
The dividends of 100 million US dollars are much better than those of other bankrupt rich people in their later years.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Haha, we are a win-win cooperation! Finally, I still hope that you will continue to be a consultant to the Canary Wharf Group. I am willing to give you 1 million US dollars per year.
The consulting fee does not need to take up too much of your energy."
"Why not!"
The two quickly reached a verbal agreement and started talking and laughing.
Richman also very much agreed and recognized some of Lin Zuhui's ideas and plans; and Lin Zuhui also very much hoped to continue to use Richman's abilities and connections in the UK, so he gave him 1 million US dollars per year.
Consultancy fees.
........
The next day, Lin Zuhui, accompanied by Steven, the president of Amazon Shopping Mall, inspected White City, London.
The so-called White City in London is the site of the 1908 Franco-British Exhibition. Because many of the buildings here were painted white, it was later called the 'White City'.
Lin Zuhui held the design draft in his hand, drawing on a large area of land, and exchanging opinions with Steven and other senior officials. He was very professional.
"If the first phase of the project can build a shopping mall of 1.8 million square feet, we will have to reserve land for future expansion." Lin Zuhui said.
"Well, this land is big enough, there is no problem at all."
Shopping malls in Europe and the United States are relatively short because there is no shortage of land anyway.
Then Lin Zuhui said: "As we enter large shopping malls and self-built shopping malls, we need to pay attention to a problem. Generally speaking, when building shopping malls, all commercial properties focus on retailers and the shopping mall itself.
But I hope that we will always put customers first and consider more the conveniences they need when they come to our shopping malls, such as reasonable layout so that they will not feel like they are walking into a maze, such as places to rest, children's play, bathrooms, etc.
A series of issues must be customer-centered.”
Steven and other executives nodded. Although the management of Amazon Mall is in their hands, they understand that the soul of Amazon Mall is the boss.
Amazon Shopping Center has an advantage. Compared with Westfield Shopping Center, it is much better in advertising and marketing, because there is also an Amazon website, which is an emerging technology company with a market value of 50 billion; while Westfield Shopping Center has to spend huge sums of money to strengthen its brand
Its reputation is far less famous than that of Amazon Shopping Mall.
"Okay, I remember what the boss said!" Steve said very seriously. This boss is not only very professional, but also very good at layout. He admires it from the bottom of his heart.
After communicating with everyone about "Amazon in White City, London", everyone returned to the office building for a meeting.
Amazon Shopping Center has been preparing to enter Europe more than two years ago, and currently has two projects: one is Amazon in Canary Wharf, and the other is Amazon in White City, London.
Among them, the Amazon in Canary Wharf is still under renovation and will not open until Christmas this year; and the Amazon in White City, London, is still under planning and is expected to be around 2004.
Naturally, Amazon Shopping Center will not be satisfied with these two projects, but a good opportunity has recently emerged.
Amazon European headquarters office building.
In the conference room, everyone was sitting together for a meeting.
Recently, a public tender for the Broadmarsh Center in Nottinghamshire, England, attracted competition from a number of commercial real estate companies; among them were six competitors including Amazon Shopping Center and Westfield Shopping Center.
Broadmarsh Centre, part of the Postal Service Pension Fund.
Lin Zuhui read the information in his hand and said directly: "We need to cheer up for this project. There are two aspects of it that deserve our full efforts:
First, sniper Westfield Shopping Center to enter the UK and even Europe. Everyone knows that Westfield has established a branch in the UK, but has never had a suitable opportunity. France had an opportunity that year, but it failed in the end. So as long as we win, it is equivalent to sniping
Our biggest rival has developed.
Second, if we can gain the trust of the British Postal Group, it means that there will be another cooperation. As far as I know, the British mepc plc property investment and property development company still has many shopping malls in its hands, and the holding company
The two companies in this company are the British Post Pension Fund and the British Telecom Pension Fund. Therefore, winning the 'Broadmarsh Center' is equivalent to continuing the cooperation."
Upon hearing this, everyone nodded in agreement and admired Lin Zuhui's long-term vision.
Steven said: "This time six consortiums compete. Although our Amazon shopping center is well-known, our foundation is slightly lacking; however, we have more than 80 successful examples in the United States, and I believe we are also very competitive. Nottingham
The business district will see explosive growth. Nottingham is located in the center of a transportation hub with an attractive geographical location and a population base of 1.1 million. It is expected to grow by 8% per year in the next ten years, exceeding the UK national level."
Lin Zuhui did not care about the details and said directly: "You will formulate a specific bidding plan. Sincerity and decisiveness are very important. I hope you can succeed! In the next ten years, European and American commercial real estate will still be a golden period, so Amazon will not stop its expansion actions. The group can
Investments of more than US$2 billion are spent annually.”
At present, the asset value of Amazon Shopping Center is approximately more than 12 billion U.S. dollars, with an annual profit of more than 700 million U.S. dollars, and a profit rate of 6%, which is a very good performance. 6% is not a rate of return. After all, the assets are more than 12 billion U.S. dollars, but
New Era Group has not invested that much money, so asset appreciation must be factored into the rate of return. Lin Zuhui predicts a rate of return of more than 15%, which is considered very high.
Steven nodded, feeling confident immediately.
Two days on the weekend.
Lin Zuhui was on vacation in a luxurious manor in London, naturally spending time with his family.
As he gets older (34 years old), Lin Zuhui delegates more and more power to his subordinates. In the past, he would not sign contracts worth several billions, and now he will not sign contracts worth less than 20 billion. He has even participated in some large-scale investments.
If it's less, he probably won't object if he thinks it's profitable.
After all, with his current wealth, even if he had ten prodigal sons, he wouldn't be completely ruined.