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Chapter 197 [Joint Commercial Building] (Seeking the Moon(2/2)

In this way, you don’t have to worry about someone sniping. The reason is very simple. After the stock market crash, you can take back part of it and keep it below 45%. It is enough.

In the same way, Huazhi and Cathay Pacific can also reduce their weight before the stock market crash and get it back after the stock market crash.

In this way, you can make a lot of profit by selling and buying!

...

In the afternoon, Wang Qilin brought his son Wang Jinchu to Lin Zuhui's office.

"Uncle Wang, brother, you don't go to the Three Treasures Hall for anything?" Lin Zuhui sat with the two of them on the sofa and started chatting.

Wang Jinchu is his elder brother-in-law. He has returned to Hong Kong for almost a year and has been studying at Gaosheng Real Estate. Speaking of Wang Jinchu's ability to give up the colorful world outside and return to Hong Kong to help his father, it is also thanks to Lin Zuhui.

After returning to Hong Kong, Wang Jinchu no longer missed going abroad. Lin Zuhui also introduced him to Pan Dickson, Zheng Jiachun and the rich second generation, and they were considered to have squeezed into the top second generation circle.

Wang Qilin said: "Do you still remember the piece of land I built adjacent to Electrical Road in North Point?"

"Can you remember, I worked on that project for a few days!"

The project itself was proposed by Lin Zuhui. If Lin Zuhui had not proposed it, Wang Qilin might have lost a commercial building.

Wang Qilin nodded and said with a smile: "After nearly two years of hard work, all the owners of the Electrical Appliance Road have agreed to sell it! The land was originally 15,000 square feet of residential land. Now that the Electrical Appliance Road has been successfully merged, an additional 18,000 square feet have been added.

Commercial land. We only need to apply to convert the residential land on Wang On Road into commercial land, and we can build a 20-storey Grade A office building with 500,000 square feet of rental property."

Lin Zuhui nodded. The number of floors and the proportion of the floor area of ​​the office building are all determined by the Planning Department. However, the Planning Department makes decisions based on various factors such as nearby buildings.

There is no problem in building a Class A building with a floor area of ​​500,000 square feet on that land, because three sides are streets, which means there is no obstruction, and the plot ratio can be appropriately increased. According to the building regulations, unilateral and bilateral

, three sides means the issue of land area ratio, and unilateral means that only one side is an unobstructed building.

In another situation, the plot ratio of land in Central can be infinitely higher, with buildings next to buildings. For example, the entertainment building owned by Lam Cho-fai only covers an area of ​​5,800 square feet, which means that the area of ​​the first floor can reach about 5,800 square feet.

, and it can be built to a height of 32 stories. Otherwise, this building in the previous life would not have been worth as much as 8 billion.

The location of the entertainment bank is a place with high passenger flow, which also affects its value.

"So, are you interested in participating in the joint construction? Our two companies will cooperate to build a first-class building and then use it to collect rent!"

Lin Zuhui's face was overjoyed. Although the office buildings in North Point were not as good as those in Central, Wan Chai, Causeway Bay and other places, it was still an office building worth 500,000 yuan.

"Of course it's no problem, it's exactly what I wanted!"

Wang Qilin nodded and sighed: "If you hadn't reminded me, I would not have decided to spend nearly two years merging the buildings, and I might not even have thought of merging the buildings in the electrical channel. Although there were indeed many difficulties during the period, the merging of the buildings

After I succeeded, I almost didn't sleep all night."

Isn't that right? After the successful annexation of Electrical Road, the value of the development of the residential part of Wang On Road may be nearly ten times.

A high-quality building is a real estate developer’s dream!

Wang Qilin has been a real estate developer for many years, and this is especially true.

Now he has not only become a medium-sized real estate developer, his wealth has more than doubled compared to before he met Lin Zuhui, and he will soon own a headquarters building.

He not only regarded Lin Zuhui as his son-in-law, but also regarded Lin Zuhui as a nobleman!

"This building will be the headquarters building of Gaosheng Real Estate in the future!" Lin Zuhui said with a smile.

Wang Qilin nodded and said: "Yes! I asked you to cooperate because of the land, construction fees, etc. of this project. It will require an investment of almost 500 million. It is too risky to undertake the construction exclusively."

There is no risk at all, but Wang Qilin is a veteran real estate developer and likes to diversify his investments; if one project loses money, there are several other projects that make money, so it is foolproof. What's more, this is a rented commercial building, and the period for paying back the capital is very long.

Next, the two parties briefly discussed the share ratio of the cooperation. New Era Real Estate accounted for 30% of the equity, and Gaosheng Real Estate accounted for 70% of the equity. The two parties first formed a company, then injected funds in proportion to buy Wang Qilin's land, and then the next step was

The new company will pay the land fee and undertake the construction.

As for the construction costs, naturally they will be solved through loans for the time being!

However, since it will later be used to collect rent, both companies have to arrange for fund repayment.

This is why Wang Qilin is willing to share it. It is really difficult for him to afford a 500 million investment project that cannot be sold.

In fact, assuming it is a commercial land covering an area of ​​33,000 square feet in North Point, its value will be more than 200 million.

Now, even if the land compensation fee is included, the total cost of this land is less than 150 million, which is an extremely cost-effective deal.

No wonder Lee Shau Kee likes building mergers so much, and some even take more than four or five years to succeed.

Lin Zuhui has already thought about this project. New Era Real Estate will participate in the cooperation. After the construction is completed, the 30% interest will be sold to Chinese Real Estate at a high price for rent collection.

After Wang Qilin and Wang Jinchu left, Lin Zuhui called Chen Bin who happened to be back from outside and informed him of the project.

"Currently, our company has no experience in developing commercial buildings. This time it is time to learn from it and form a strong team. Because, soon we will also have a skyscraper of our own."

As a real estate developer, only big projects can give you a sense of accomplishment, Lin Zuhui thought in his heart.

Skyscrapers, commercial complexes, convention and exhibition centers, and large-scale housing estates are all Lin Zuhui's goals in recent years. Of course, once his foundation is firmly established, he will not mind investing funds in some technology industries, provided that He has enough strength to 'wave'.

Chen Bin said with excitement: "Well, I will form a team as soon as possible!"

He is a talented person with a background in architecture. Compared to Lin Zuhui, he probably regards architecture as a part of his life.

Lin Zuhui nodded and said: "Next year, we should also have our own construction company!"

Chen Bin's face was full of surprises. The boss said this. He must have chosen a target acquisition target, but he didn't know which one it was!

He didn't ask any more questions because it involved too deep a secret.

"The company is getting stronger and stronger, and we are even going to enter the mainland. Two years ago, we were a real estate company on the verge of liquidation, which is really incredible!"

Lin Zuhui smiled faintly and accepted the flattery with peace of mind.

"This is the result of everyone's hard work! This time I will ask the Human Resources Department to recruit some senior staff to expand your Development and Property Department."

"yes!"

------Digression-----
Chapter completed!
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