Chapter 685 Transaction
Buying this Nocton estate, Barron mainly wanted the 8,000 acres of land here.
"Land is the only thing in the world worth working for, fighting for, and dying for, because it is the only eternal thing."
This is the story of the heroine Scarlett's father in the famous novel "Gone with the Wind" by American writer Margaret Mitchell, looking at the dusk-shrouded Tara Manor from afar, and telling Scarlett a passage Classic quotes.
In fact, until now, land is still one of the most important assets.
And according to research data from survey agencies, half of the land in England is owned by less than 1% of large landowners, which has not changed for centuries.
Among them, nobles and gentry own 30% of England's land; 18% is owned by various enterprises; 17% is owned by a series of oligarchs and banker upstarts; 8.5% is owned by the public sector; and the royal family owns 1.4%.
The vast majority of ordinary people own little or no land at all.
Those who own homes in England own a combined 5% of the land.
In fact, this is not just the case in England, but in the whole of England, and even more so in Scotland.
At the peak of the Devonshire Dukes' family in Barron, they had eight extremely huge estates in England and Ireland, covering an area of more than 200,000 acres!
However, many manors later had to be sold for various reasons - especially in Barron's grandfather's generation, a considerable part of the land had to be sold in order to pay the high inheritance tax.
Now, after Barron has sufficient funds, he naturally hopes to use part of the funds to carry out a plan to hoard land.
After visiting like this, Barron is quite satisfied with this manor. It can be seen that the land is relatively fertile and has been taken care of more carefully.
During the conversation, Barron learned that Earl Edward Montagu owned four manors, and the other was Carrington Manor, which was not far from Nocton Manor and was also in Lincolnshire. , covering an area of about 6,500 acres, slightly smaller than Nocton Manor.
"The land here in Lincolnshire is very good. The situation at Carrington Manor is similar to that here. If I have time next year, I can take you to see it, Your Highness."
After the visit , they returned to the main house of the manor, and Count Montagu prepared a sumptuous dinner specially for Barron.
“This dry red is very good, Mr. Earl, I wish you good health.”
“This is still a collection of our family wine cellar. I am glad that you like it.”
"What if I want to buy both estates?"
Hearing Barron's question, Edward Montagu looked at his wife and said with a smile:
"Originally, I only planned to sell this manor, but if your highness, the Duke, you want Buy it, then I can sell it all to you and give you a satisfactory price..."
At this time Barron just nodded slightly and continued to listen to Earl Montague.
Sure enough...
"But, I also have a small request, Your Highness the Duke."
"Please say..."
"To be honest, the reason why I am willing to sell this manor is because I have suffered some losses in my previous investment, but I think the current stock market has shown signs of recovery. So I hope I can persist..." Earl Montagu looked at Barron, paying attention to his expression, and said:
"I just want to know what you think. What is the law? Of course, if possible, there will be some remaining funds after the sale of my two estates, and I hope to invest them in your Mars fund."
And Barron. It was pretty much what he expected. The reason why he was willing to sell the manor and asked to see him was that the Earl of Montague hoped to build a relationship with Barron.
Not to mention that if we can know the true views of Barron, a well-known investor, on the market, it can provide important support for Earl Montague's subsequent investments. Even the Mars Fund is not so easy to join now. To invest.
Yes, at the beginning, Barron even needed to find ways to attract investors for the Mars fund, but this fund has developed to this day and has become very popular because of its continued excellent profit performance.
It can be said that ordinary people are not qualified to buy shares of this fund at all. The current Mars fund will basically no longer open its investment window to the public. Those who can be allowed to join this fund must also Barron only has relatively close connections - many politicians in key positions will have certain funds invested in the Mars fund.
This fund is also very attractive to many wealthy people, but the investment amount available to many people is also very limited.
Although the current investment return of the Mars Fund cannot be compared with the original time - at that time, the return on investment was often several times or even ten times per year.
However, the current rate of return of this fund is still much higher than that of some other private equity funds.
“My views on the investment market are similar to yours, Mr. Earl. I also think that the market has entered an upward cycle of recovery, but this still needs a process, but what is certain is that, The lowest point for many stocks has passed..."
Barron's view on the investment market is not He felt that there was something to hide. After all, this would not involve some investment details. He had shown optimism more than once about his views on the market trend. However, just like in a bull market, some people would also lose money, and There are many of them who have the same views on the economic cycle and different operating methods, and the results will be very different.
“As for the Mars Fund, I wonder how much money you can invest?”
“I hope to get an investment quota of 50 million pounds, Your Highness the Duke.”
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"That's no problem. I can leave these shares to you, but I need to wait until September..."
After all, September is the annual settlement time of the Mars fund. The investment window was previously opened in September, of course. , some investors who redeem funds will also do so during that time period.
......
"Are you agreeing too easily?"
On this day, Barron and Yulia stayed at Nocton Manor. , in the bedroom, after putting on a loose skirt, Yulia couldn't help but said to Barron.
"Hasn't our goal been achieved? We bought two of Earl Montagu's estates at a very suitable price. As for agreeing to allow him to invest in the Mars fund..."
Barron said softly:
“Their family itself is worth making friends with. There is nothing better than this connection of interests. It’s stable.”
During the dinner, after Barron agreed to Earl Montagu’s request, he seemed very happy and immediately finalized the deal with Barron regarding the two estates in Lincoln County. , two pieces of land with a total area of 14,500 acres were sold for 235 million pounds, which is considered a relatively cost-effective price.
(End of this chapter)