Chapter 261~262 [Planning for Li Chaoren's project](2/2)
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afternoon.
Sitting in his 1,000-square-foot office, Lin Zuhui looks content and has the temperament of a landlord.
Deeply in love, he lifted his feet onto the valuable desk, looking like Ge You was lying down.
Rent collection in Xiangjiang is really the most profitable business in the world. If he didn't consider improving his influence, he wouldn't want to bother with media, set up a Leit Group (number of employees), and become the largest renting company in Xiangjiang.
Very good!
It wasn't until there was a knock on the door that Lin Zuhui withdrew his thoughts and legs and prepared himself to behave like a chairman.
Gao Yi walked into the office respectfully and said: "Boss!"
"Sit down, Li Ke makes tea!"
It can be seen that the boss is in a good mood. Of course Assistant Li will take the initiative to make tea, but the boss takes the initiative to shout out, obviously he is in a very good mood.
He was in a good mood. With the opening of the China Real Estate Center, Chinese Real Estate's status immediately emerged. As the general manager of Chinese Real Estate, he naturally felt honored, Gao Yi thought.
Then Gao Yi reported to Lin Zuhui on the progress of the design draft of the "Entertainment Building" and that Chinese Real Estate purchased another 300 million high-quality rental properties, mostly office buildings by floors.
After listening to the report, Lin Zuhui said: "I have very high requirements for the design of the reconstruction of the Entertainment Building. It must be built as a representative building of Hong Kong. There is no need to consider the specific construction first. We will have our own professional construction immediately."
The company will leave it to its own company when the time comes."
Gao Yi was a little surprised. Although New Era Real Estate also has the ability to develop office buildings, it can only serve as Party A and has to contract out the construction aspects.
Moreover, the construction investment of the Entertainment Building is very high, about 500 million yuan. You must know that after completion, it will only have a floor area of 170,000 square feet. It is a high-cost beautiful building. The total investment including the land is 900 million yuan.
It seems that the boss has his eye on a listed construction company and is preparing a 'sneak attack'.
"Well, I understand."
Next, Gao Yi told Lin Zuhui some exciting news.
"Boss, I heard from others that the Cui family, the major shareholder of Legu Real Estate, intends to put it on the market!"
Gao Yi knew that his boss was very familiar with the real estate in Xiangjiang, so he didn't bother to introduce Legu Real Estate!
Lin Zuhui's eyes lit up, what a fat chicken leg (industry)!
Legu Real Estate is a listed company, formerly known as Legu Real Estate Printing Company. In 1978, after the printing business was sold to a director, it was renamed 'Laku Real Estate'. Its main business is to rebuild properties in the Xuechang Street area of Central District (
Old building, can be rebuilt), the properties include: Lok Kwu Building in Central, Printing House, Lok Shing House, Lok Kee House in North Point.
Legu Real Estate has always had a stable management style and is an unpopular stock with good profitability. Although the four buildings are old-fashioned buildings, they all occupy a good area, ranging from 10,000 to 20,000 square feet, but their total area is
The value is also over 1 billion.
The market value of Legu Real Estate after the stock market crash seems to be only about 600 million!
"How are they going to put it on the market?"
"I don't know yet! But according to my prediction, the Cui family will probably invite various real estate companies to bid for the acquisition in late April! After all, the Cui family holds 43.25% of the shares. If the new owner acquires all the shares, it will have to make a comprehensive proposal.
acquisition.”
Lin Zuhui nodded, that makes sense!
Only after late April did everyone dare to relax, otherwise the 35% critical line would be a strict curse.
"The bidding and acquisition is fair! If we get 43.25% of the Cui family's shares, we will immediately initiate privatization and merge it into Chinese Real Estate."
"Well, I think so too. If those four buildings are rebuilt, they will be a huge asset!"
Lin Zuhui remembered something and said to Gao Yi: "When you talk about reconstruction, you can pay attention to the properties around Hongji Building and see if you intend to sell them. If there is a plan, we can buy them and let Hongji Building be rebuilt in the future!"
But you don’t need to pursue it too much to avoid being jacked up!”
Many old buildings in Xiangjiang only cover an area of about 10,000 square feet, so buildings are merged from time to time. Once they are combined to cover an area of more than 20,000 square feet, their value will increase exponentially. Spend a little more construction cost,
It's just a drizzle.
Gao Yi nodded and said, "Well, I will take it to heart!"
Merging buildings is not an easy task and may take several years. Landmark spent ten years to merge the former site of Holland Bank and Lee Lee Bank in Ice House Street with only more than 10,000 square feet. Through the purchase of Guangdong
Bank Building (8 Des Voeux Road Central) and Kiu Yee Building merged the four properties into one, and only obtained more than 30,000 square feet of land. During this period, Land also wanted to buy the adjacent Hengchang Building, but unfortunately it could not
As expected. This building became the famous '9 Queen's Road Central' in later generations, with a height of 38 floors, a floor area of more than 360,000 square feet, and a huge shopping mall on the ground floor.
Therefore, we can also propose the merger of Hong Kee Building and wait for the opportunity slowly!
If successful, you can obtain a Grade A Central office building with an area of more than 300,000 square meters, and its value will increase several times or even ten times.
Chapter completed!