Chapter 215 The Beginning of the Supermarket Layout
After greetings for a while, Liao Liewen and his team left. Yang Wendong did not stay long, it was not suitable. He is very busy now.
After they left, Zheng Zhijie came closer and said with a smile: "Yang Sheng, this acquisition is completed, and together with the land and properties in Kwun Tong, our Changxing Industrial has become the largest property owner in Hong Kong. "One of the Chinese real estate companies."
"Haha, that's true." Yang Wendong nodded and said, "If the Liao family hadn't been in urgent need of funds, they wouldn't have been able to buy several buildings in this location. . ”
Buildings in Central, Hong Kong are not without transactions during the real estate boom, but occasionally there may be multiple competitors.
It is easier to obtain during times of economic crisis, or when the consortium holding the property encounters financial problems.
Admiralty, Wan Chai, and Causeway Bay are slightly better, but they are still a bit difficult. Even if you want to buy enough land to build your own, it is not easy.
Zheng Zhijie continued: "Located on Des Voeux Road in Central, the original area of Liu Chong Hing Bank Future Building was 360,000 square feet, including a three-story shopping mall below, and an office area of 255,000 square feet on the 22nd floor above;
< br>The building on Hennessy Road has a total of 16 floors and a total area of 230,000 square feet. It is currently fully leased, and the current annual rent is more than 400,000.
The two buildings in Causeway Bay have an area of 400,000. .”
Zheng Zhijie introduced them one by one, and Yang Wendong also listened to the information. In fact, he roughly knew these before, but now that he has it, he may make certain changes if necessary.
"Okay," Yang Wendong asked after listening: "We have suddenly added 1.5 million square feet of commercial area on Hong Kong Island. How can we rank among the top on Hong Kong Island?"
Zheng Zhijie paused and said: "I estimate that at the level of ten or twenty, Land, Swire, Wheelock, etc. must be much more than us, as well as some other smaller foreign banks.
These Because foreign companies may have been operating in Hong Kong a hundred years ago, they have a lot of properties, and many of them are even large areas of land. Once these lands are developed, they can be exchanged for several times the building area.
In addition, there are also. Some earlier Chinese families, such as the former richest family, the He family, or the once-famous Li family, Hu family, etc., these people also have a lot of land. Outsiders don’t know the exact amount and can only roughly guess.”
"Well, yes, we still need to work hard." Yang Wendong smiled.
In this small area of Hong Kong, Crouching Tiger, Hidden Dragon, no one knows how many low-key wealthy families there are.
For example, in the 1980s, the Wheelock Group was acquired, and the world knew that Wheelock, one of the four major foreign banks in Hong Kong, was actually controlled by a Chinese family, but they just didn't care.
Zheng Zhijie added: "However, we are in Kwun Tong. Not counting the industrial land of Changxing Industrial, the commercial land I acquired in the past six months has almost 2 million square feet. Many of them are pure land or Old buildings with lower floors. "
"Let's not count those now," Yang Wendong said nonchalantly: "We will develop them into properties later, but the land still needs to be acquired.
The same is true in Tsim Sha Tsui. Although there is not a large area of land like Kwun Tong, smaller ones can also be considered. ”
High-end properties on Hong Kong Island, acquired now, will not lose money in 1966, and they only need to be properly closed at the peak of 1964; and large-scale land in Kowloon Peninsula will not be lost now. No matter how much it is worth, it won’t fall much in 1966.
These two assets are his current key acquisition targets. The funds are also limited, and he needs to select the most suitable targets.
What he is not very involved in are ordinary high-rise buildings in ordinary locations. These were the key acquisition targets during the 1966 crisis. By then, his funds will inevitably There will be more.
“Okay, I will focus on acquiring land or large-scale old buildings. "Zheng Zhijie also knows the boss's purpose.
One is optimistic about the future economy of Hong Kong, and the other is that Chang Hing Industrial will focus on investing in Kwun Tong and Tsim Sha Tsui. If it achieves industrial results, it will also stimulate the local economy, which will eventually lead to an increase in local land and housing prices.
As the initiator of all this, Changxing Group has no reason not to take a share of the pie. It has to be a big one.
Yang Wendong added: "Old Zheng, the funds given to me by HSBC and Standard Chartered are 5 million Hong Kong dollars more. During this period, land prices in Hong Kong are still at a low level, and the run on Liao Chong Hing Bank has also begun to impact banks. System.
I estimate that real estate companies in Hong Kong will face a wave of financing difficulties soon. See if there are any suitable opportunities to acquire one or two buildings on Hong Kong Island, or something similar to the Lanya Cinema. Old buildings with large areas are also OK.”
For ordinary small properties, such as ordinary shops and single-story office buildings, Yang Wendong would not reject them. If they can acquire them, Changxing Real Estate will also buy them. acquisition.
But these are not worthy of Yang Wendong's attention. He would rather own a building on Hong Kong Island, even if it is not in Central, as long as it is not too far away. And in this era, the location of the building will not be bad, because the location of the building will not be bad. It's worth building a building.
"Okay, I will continue to pay attention to the real estate market in Hong Kong Island." Zheng Zhijie nodded and said: "It's just that the sale of the entire building may not happen. Maybe we can release the news and the success rate will be higher. But in this case, the initial say is no longer in our hands."
"It doesn't matter, in the end. As long as we can get the building." Yang Wendong didn't care about this gain or loss, and said: "Even if others make noise, it is impossible for our family to be interested. There will still be competition in the end."
Smart. Yang Wendong is certainly not the only one who is optimistic about real estate and will be interested in high-end properties on Hong Kong Island.
Even if many wealthy people don't have confidence in Hong Kong's future, it will only make Hong Kong's housing prices rise even more.
This is the reason why house prices can rise tenfold after 10 years even though they were already high after 1985.
"Understood." Zheng Zhijie asked again: "Yang Sheng, 6 of these 7 properties have been built, and the one on Des Voeux Road is still under construction. We still need to invest funds.
I calculated that it will cost about 400,000 yuan, not counting the interior decoration. Liao Chuangxing was originally building a bank building, and the decoration budget was about one million Hong Kong dollars, which was relatively luxurious.
We need to make the future headquarters of Changxing Group. It is up to Yang Sheng to decide on the decoration. "
" Let's go and see it." Yang Wendong didn't think too much, he was there before. I have seen this property under construction from the outside, but because I am not the owner, I did not go in.
"Okay, I'll arrange the car." Zheng Zhijie said.
Yang Wendong added: "Ask several other business leaders to come with them. Although they will not work there in the future, we will leave an office for them."
" Okay." Zheng Zhijie agreed again.
At noon, Yang Wendong, Zheng Zhijie, Wei Zetao, Zheng Yuhua, Qin Zhiye and others also came to Des Voeux Road.
Yang Wendong looked at the building in front of him and couldn't help but said: "This Liao Baoshan really knows business. She built a few floors downstairs into a large shopping mall. In this location, the rent will be much higher than that of an office building in the future. .”
In this era, there were also shops in office buildings, usually on the ground floor, but the area was the same as upstairs.
The "Liao Chuangxing" building in front of us has a larger area underneath, maximizing the use of the entire floor area. This idea is much stronger than in the past, and it is also the normal model for future real estate business.
Zheng Zhijie said with a smile: "Yes, we will have our own shopping mall in the future."
Yang Wendong asked again: "Has Liao Chuangxing's investment promotion been completed?" "Part of it has been done. "It's not completely completed yet." Zheng Zhijie shook his head and said, "Liao Liewen told me that Lane Crawford wanted to rent the second floor of the shopping mall, but due to price reasons, the agreement has not been reached.
It is said that several Japanese department store companies also wanted to bid for this place. Later, there was a run on Liao Chong Hing Bank and the entire construction site closed down, and the matter ended. "
"Well, let's not talk about it for now. Yang Wendong said with a smile: "We will run this shopping mall ourselves in the future." "
Zheng Zhijie said: "Yang Sheng, we can indeed find ordinary merchants in the mall ourselves, but among department stores, it is best to rent them out. There are specialties in the industry, and the operation of department stores is more cumbersome. Yes, one or several companies are not large enough and cannot achieve results at all. "
"You are right, but wait a little longer. Yang Wendong paused and said: "Anyway, with such a high-quality location, even if you want to rent it out in the last few days, you are not afraid of running out of customers." ”
This is also the attractive part of the Central location. All the wealth in Hong Kong is concentrated here, whether it is industry, trade, finance or even shipping. As long as these related people make money and do not send it overseas, then in the end The city will flow into real estate, and Central is the core of the real estate industry
"Okay." Zheng Zhijie nodded and agreed.
"Don't worry, I have my own ideas." Yang Wendong said again: "Let's go in and have a look."
No one is doing department stores, so naturally we have to make better supermarkets. .
Nowadays, the supermarket industry has gradually begun to expand in scale in North America and Europe. The most famous supermarkets in the past, such as Wal-Mart, Auchan, Carrefour, and Metro, were all born in the 1960s and 1970s.
Although Hong Kong's economy is not as good as Europe and the United States, Hong Kong Island is close to the Western economic level, and the entire Hong Kong is developing extremely fast.
If possible, you can try to build a supermarket. It happens that you also have some suitable properties.
However, this industry requires scale to make profits and the bargaining power of the supply side. In the first few years, I just learned slowly. When my capital scale is large, I will be able to expand.
The only bad thing is that the Hong Kong market is too small.
......
The crowd then walked around inside the building.
Yang Wendong said: "Old Zheng, when will the building resume work?"
"In three days." Zheng Zhijie replied: "Mainly because I want to recall the workers and some technicians who had stopped working. They are familiar with this place and let them It was much more stable for them to continue building the association.
But before, due to the economic problems of Liao Chong Hing Bank, many people went to other construction sites after the shutdown, so it was necessary. It will take some time to find them. Even after three days, it can only be said that some of them will come back, and the others will take more time." Yang Wendong nodded and said, "Decoration. If so, it doesn’t need to be as planned by Liao Chong Hing Bank, but it shouldn’t be too bad, just above average.
The shopping mall on the three floors downstairs can be decorated a little better.”
Zheng Zhijie replied: "Okay, as for the decoration information, I will invite external bids again."
"Yes." Yang Wendong said again: "Let's change this building to Changxing Building, which will be the headquarters of our future group company. "
After working hard in Hong Kong for more than three years, I finally have a large property of my own in the core location of Central.
Zheng Zhijie smiled and said: "I understand, I will change it immediately."
……
Having purchased a large number of properties from Liao Chuang Hing Bank, Yang Wendong's previous layout can be considered a success.
As for its banking business, Yang Wendong has no current interest.
As an investor who knows the future, he knows what investment is the most cost-effective. Even if he wants to become a bank, it is not the right time now.
Even if it was just an investment, Hang Seng Bank, which suffered a run a few years later, was much better than Liu Chong Hing Bank.
At this time, Zheng Zhijie walked in and said: "Sheng Yang, the Hong Kong government has just announced that it will join hands with HSBC and Standard Chartered to inject 30 million loans into Liao Chong Hing Bank and promise to bear the deposits. The run will be reduced immediately. .”
"It is probably because several other banks have also been run on, and the Hong Kong government is also afraid of the domino effect." Yang Wendong asked again: "What price did Liao Chuang Hing Bank pay?"
Zheng Zhijie said: "I don't know the details. , but I heard that most of the branches of Liao Chong Hing Bank were forced to be sold to HSBC and Standard Chartered. "Sure enough!" Yang Wendong nodded and said, "HSBC and Standard Chartered cannot help in vain." >
In a few years, Hang Seng Bank will encounter the same run on Liao Chong Hing Bank, and HSBC took the opportunity to annex Hang Seng.
It is naturally the same now, but instead of focusing on the entire bank, it focuses on many branches.
Yang Wendong actually had his eye on these properties before, but the Liao family didn't want to sell them at all. They would rather sell the future headquarters than branch properties.
These are the roots of Liu Chong Hing Bank. If the headquarters is gone, it can be built again when it comes back. If the branches are gone, everything will be lost.
"Yes, in this case, Liao Chong Hing Bank will be completely finished." Zheng Zhijie nodded and said: "I guess the funds we gave him, as well as the funds he obtained from selling other properties, are still not enough to cover the run. , in the end, I had to sell myself to HSBC. "
"Forget it, it has nothing to do with us." Yang Wendong shook his head and said: "If Liao Chuangxing survives, we may be able to continue to cooperate in the future.
But if they can't play anymore. , then there is nothing we can do.”
The bankruptcy of the Liao family can be said to be the end of an era. If Liao Baoshan had been more stable, her achievements in the original history would definitely exceed those of Li Jiacheng, Li Shauji and others.
It’s a pity that there is no if in the world.
"Yes." Zheng Zhijie asked again: "Yang Sheng, now that Liao Chuang Hing Bank is no longer available, which bank should we mainly cooperate with next?"
...
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(End of this chapter)