Chapter 727 [Flower of France](1/2)
End of June.
The Heung Kong MTR Corporation announced that the property development rights for the Kowloon Station Phase 5, 6 and 7 stations were acquired by New Era Group.
At the same time, Chen Bin, the president of New Era Group, also announced to reporters: New Era Group will invest more than 20 billion Hong Kong dollars to complete the fifth, sixth and seventh phases of the Kowloon Station project together with the MTR Corporation.
For a time, there was a frenzy of public opinion.
Everyone in Hong Kong knows that New Era Group has already occupied Central Station, and now it has once again occupied Kowloon Station, which can be said to dominate the commercial real estate in Hong Kong.
New Era Group.
Lin Zuhui couldn't help but feel excited when he heard the news of winning the bid in his office.
He also made a very cautious bid for this bid. The price was HK$6.5 billion. The MTR Corporation would take an additional 21.5% of the equity, and the total investment was expected to be HK$21 billion.
Among them, the price tag is HK$6.5 billion, which is used to pay land compensation fees to the Hong Kong government;
New Era Group also bears all the costs of the entire project. MTR does not participate in investment or specific construction. Even so, MTR still takes 22.5% of the equity for free.
The MTR Corporation holds equity in all properties along the MTR line, including a 10% stake in Central Station. Because of this, the Hong Kong MTR Corporation is one of the few profitable metro companies in the world.
"Boss, it is said that Sun Hung Kai's price is HK$5.8 billion, and the shares given up are 20%. It is our most powerful opponent." Chen Bin said excitedly.
Lin Zuhui said with a smile: "This is not an opponent, but a defeat. But to be honest, I didn't have the confidence to win before bidding. Although I like commercial real estate very much, New Era Group obviously no longer has the same attitude as in previous years.
, is too obsessed with high-quality properties and does not hesitate to bid higher than his opponents.”
Chen Bin nodded, he knew what the boss meant. Back then, the boss was indeed a good friend of commercial real estate, and his bids were staggeringly high. However, facts also proved that the reason why the boss's bids were high was only during the trough of real estate.
The premium, people will soon discover that the high-priced properties purchased by the boss have risen rapidly, and people then discover that Lin Zuhui is a bargain hunter.
"Boss, we have officially invited bids for design plans. Do you have any instructions?"
Lin Zuhui heard this and said: "For high-rise office buildings, we should no longer pursue height. After all, the higher the building cost, the higher the construction cost. The height of about 480 to 500 meters should be about the same, which is lower than the second phase of the Guojin Building. The sixth phase
Build a twin tower..."
Over the years, Lin Zuhui has naturally become very skilled in the field of architecture, so many of his opinions are very valuable.
"Okay, I've written it down!"
"Well, don't delay the construction of this project. The first phase is to develop the "six-phase project", the second phase is to develop a shopping mall, and the third phase is to develop a skyscraper. We will strive to complete all constructions in 2008."
"OK"
Generally speaking, if other real estate developers are allowed to develop it, it will definitely take 8 to 10 years. It is not about the construction period, but they have to consider the financial relationship.
But obviously, Lin Zuhui never likes procrastination. Of course, he also completes the project according to the real estate situation.
For example, with regard to the development speed of the International Financial Center, he compressed the construction period to before the end of 2003, so as to catch up with the explosion period of real estate and tourism.
As for this Kowloon station, he completed the bidding before 2008, which is the peak season of global real estate and Lehman has not yet arrived.
After Chen Bin left, Lin Zuhui took out a newspaper and smiled when he read the news.
"Among the top five high-rise buildings in Hong Kong (including those under construction), New Era Group occupies three buildings, namely IFC Building Phase 2, the building above Kowloon Station, and Central Plaza; the other two buildings are Bank of China Tower and Central Center (73 floors).
)."
"Among the top ten tall buildings in Hong Kong, New Era Group has a total of five buildings, including the hotel tower in Tsuen Wan Plaza and the twin towers above Kowloon Station (actually two buildings)."
"New Era Group is undoubtedly the largest leasing company in Hong Kong, with a total property management area of more than 30 million square feet, all located in prime locations."
There has been a lot of news analysis. New Era Group owns more than 9 million square feet of high-quality properties in Central alone, twice as much as Land.
Wan Chai and Causeway Bay are also the eldest and second largest areas in the region. Now coupled with the high-quality properties in Kowloon, it is really enough to develop a company just by collecting rent.
Originally, Lin Zuhui thought that it would be more reasonable for New Era Group's share price to fall to HK$500-600 billion, so that his apparent wealth could be less counted.
Unexpectedly, when the Hang Seng Index fell from 19,500 points to 17,000 points, New Era Group was still firmly operating above the market value of HK$1,000 billion.
The biggest contribution here is naturally the cash flow of hundreds of billions of Hong Kong dollars and the blind worship of Lin Zuhui by investors.
No way, there is no way to increase stock holdings now.
That's fine, after all, not all of his wealth comes from his companies, only half of it.
Due to the outbreak of the Internet bubble, Bill Gates' wealth shrank, but Lin Zuhui was not greatly affected. Therefore, recently, the American media once again assigned Lin Zuhui as the "world's richest man in the millennium". His net worth is as high as 800
With more than 100 million US dollars, it is only a fraction of what Bill Gates was at his peak.
At the same time, Lin Zuhui found that it was getting easier and easier for him to make money.
In the past few days, the Hong Kong Stock Exchange has been listed with a market value of less than 10 billion Hong Kong dollars. This made Lin Zuhui instantly think of letting the family office hold less than 5% of the stock in the secondary market, intending to hold it for a long time and enjoy annual dividends.
You must know that the market value of the Hong Kong Stock Exchange is expected to reach more than 300 billion in the future, an increase of at least 30 times, not counting dividends during the period.
Including this year's subway company listing, the Lin Zuhui family office will hold less than 5% in the secondary market.
Investing in such stocks is much more cost-effective than investing in Xiangjiang Real Estate blue-chip stocks. Xiangjiang Real Estate blue-chip stocks rarely have returns of more than 300%. But these public stocks not only have great potential in terms of market value, but even every year
The dividends are very impressive.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! If the Hong Kong government had not only released 25% to 30% of the public stocks, Lin Zuhui would have wanted to hold more shares.
.......
The beginning of July, Saturday.
In Milan, the Gucci brand held the 2000 summer women's T-stage show, and Lin Zuhui also sat quietly in the audience.
On one side of him are Monica and Barings Bank President Andre, and on the other side are Gucci President Robert Poiret and Creative Director Tom Ford.
President Robert Poiret was originally a senior executive at Unilever and was invited by Barings Bank to serve as a professional manager for Gucci. After one and a half years of work experience, his abilities were recognized by Barings Bank executives and Lin Zuhui.
Creative Director Tom Ford joined Gucci as early as 1994. His talented and talented Gucci has made Gucci return to the forefront of the world's luxury goods from a brand that was almost bankrupt. It can be said that he has made a great contribution, just like the 'Lafayette' equivalent to Chanel.
Of course, in the past year and a half, the relationship between Robert Poiret and Tom Ford has been a major focus of Barings Bank; after all, Robert has a mission, which is to reduce dependence on big-name designers who are too independent.
, continuously train new designers and give new people more opportunities.
In this way, it is inevitable that there will be some small collisions with Tom Ford, and what both parties need is cooperation.
Looking at the models on the catwalk, Lin Zuhui not only lamented that he has no fashion genes, but only has one feeling for luxury goods - that is not a normal person's aesthetic.
No wonder, Lin Zuhui’s luxury clothing has always been custom-made suits; but suits are very formal after all, and no matter how expensive they are, they are still fashionable for normal people.
And he originally started out by making casual clothing - JeansWest and Giordano, so his fashion almost stayed at the mass-market level.
But having said that, beautiful women can wear anything, Lin Zuhui thought as he looked at the models on the catwalk.
Of course, Lin Zuhui was looking forward to tonight's dinner party more than watching the show now. He looked at Monica next to him and couldn't help but feel that he should not invite her to watch.
Something seems wrong. Monica has now joined the Gucci company, so it seems wrong not to come.
Monica seemed to be aware of it, and turned around to see Lin Zuhui. The two looked at each other, and Monica showed an adoring smile, which made Lin Zuhui feel like spring breeze.
This woman is still very attractive. If she walks around, she should be able to get a lot of praise.
The two of them didn't speak. After all, watching a show requires respect, not to mention reporters.
.......
Milan, Langham Hotel.
In the evening, the Gucci dinner finally began, and Lin Zuhui became the focus of the dinner.
Lin Zuhui, Andre, Robert Poiret, Tom Ford and others gathered together to discuss this Gucci matter.
"Mr. Lin, we found that we are not the only company acquiring Fendi." Robert said seriously while holding a wine glass.
Lin Zuhui showed a smile and said with a confident expression: "If nothing else happens, it must be the LVMH group. After all, they are very ambitious."
Robert was stunned. This man could be so well-informed in Hong Kong. Of course, he also felt that Lin Zuhui's analysis was very reasonable.
"In this way, two companies will acquire Fendi at the same time, and the price for our acquisition of Fendi will be much higher!"
Andre, the president of Barings Bank, said with a smile: "No, the opponent's price is much higher, and we will make a profit and exit. After all, if it is too expensive and there is money to be made, why don't we quit!"
Robert suddenly understood and said: "Yes, Fendi is not a must-have for Gucci!"
Lin Zuhui nodded, and then he said to Tom Ford: "Director Ford, next year is the 340th anniversary of the birth of Luchen Family. I hope you can design a wine label for him."
In the first half of this year, LEIT Group sold the second-class Bordeaux Chateau Roussin to Gucci.
Over the years, LEIT Group has owned Roussin Family and has not interfered with its own development, so it is dispensable; but Gucci is different. If it owns Roussin Family, it will be a strong alliance, a combination of luxury goods and famous wines.
joint.
In this way, the Gucci brand involves various products such as clothing, leather goods, accessories, perfumes, and wines.
You know, in the previous life, Luchen Family was the red wine brand of Chanel.
Tom Ford smiled and said: "I'm extremely happy!"
This talented designer still admires his boss very much.
There is nothing else to say. To be honest, in Lin Zuhui’s view, Gucci, LV, and Chanel are the three major luxury goods in the world, and other brands have to lag behind. Brands like Gucci will just sit back and make money.
.
Of course, Lin Zuhui specifically asked the senior executives of Barings Bank to pay attention to the relationship between Robert and Ford and prepare for mediation.
Although Tom Ford left, Gucci may not have a big impact. After all, Gucci has no shortage of talented designers, and there are many young designers with unlimited potential. But if Tom Ford stays, it will naturally be very extreme.
To be continued...