Chapter 311: Settlement
Xu Liang smiled and took a list.
“These are the lists of unfinished buildings in Beijing and Shanghai that I have compiled. There are 9 buildings in total, covering an area of 890,000 square meters. Your task is to buy them all.”
"An unfinished building?"
Sha Zhigang took it and looked at it. There were many names he was familiar with on it.
Jinfei International Apartment, Zhongyu Building, Jingtai Autonomous City, etc.
"The 'Fuhua Apartment' brand was established under Xuanwu Fund, and all the unfinished buildings that were renovated were put into it, and labeled with signs such as Fuhua Apartment No. 1 and Fuhua Apartment No. 2. "
"You mean to turn all unfinished buildings into long-term rental apartments?"
"Not bad"
Long-term rental apartments. You can get returns from real estate appreciation and rental returns, killing two birds with one stone.
"Remember, our main focus is on furnished apartments, so the grade of decoration should not be too bad, and the decoration style should be unified, mainly simple and modern. Of course, if the user is willing to sign a long-term contract, the other party can also decide the decoration style themselves. < br>
In the future, Xuanwu Fund’s main investment direction will be apartments and residential real estate.”
“Yes.”
After agreeing, Sha Zhigang said: “Mr. Xu, we are Xuanwu. The fund currently has limited human resources and it is difficult to complete the acquisition of 9 real estate projects in a short period of time, so I want to cooperate with the investment bank and outsource the specific acquisitions.
This will cost more money.
But now that real estate is on the rise, the longer we delay, the higher the cost of our acquisition will be.
So, outsourcing will save money. "
Xu Liang nodded approvingly, "It's good that you can think of this. I agree. "
The opinion was affirmed, and Sha Zhigang said happily: "Mr. Xu, if you want to acquire all 9 real estate projects, you will need at least 5 billion in funds, even if bank loans can be used for later construction. But we only have 500 million U.S. dollars, and we have to set aside part of it for the "Hongmeng Headquarters Project."
So there is a lack of funds. ”
"You don't have to worry about funds. Thanks to the publicity of Forbes some time ago, many Sunshine Funds, pension funds and asset management institutions are now seeking to invest in us, so we will soon raise the second phase of Xuanwu Fund. Not a problem."
"Then I have no problem."
Xu Liangdao: "Fuhua Apartment needs to be registered as a real company, so from now on, in addition to cooperating with investment banks to acquire these. You still need to recruit qualified personnel to fill in the skeleton of Fuhua Apartment.”
Xu Liang nodded and turned his eyes to Lu Jue.
"Lao Lu, this land auction is good, we have won both pieces of land."
Lu Jue said quickly: "Without your sufficient financial support, Taihua would not have been able to successfully acquire C9 and B9 two pieces of land.”
He didn’t mean to be modest at all.
The price of land auction is money. With Xu Liang’s permission, anyone can win two pieces of land.
Xu Liang nodded with a smile and handed over a piece of paper.
"This is your next goal."
Lu Jue took it and took a look.
There are only six names on it.
Modu World Financial Center.
Yangcheng Zhongcheng Square.
Silver City Center.
China's No. 1 Mall.
Haitian Plaza.
Gongzhufen Commercial Building.
Except for the World Financial Center and Midtown Plaza, which are pure office buildings, the other four are shopping malls + office buildings, or shopping malls + apartments.
Four are in Beijing, one is in Magic City, and one is in Yangcheng.
Lu Jue found that his projects were also unfinished.
“I will transfer the funds for the acquisition of the property to you, just do it with confidence and boldness. ... Also, in the future, Taihua Real Estate will have four business formats.
First, Taihua City includes office buildings, shopping malls, hotels, apartments and residences. The B9 plots in Yuandu and Shuangjing blocks will be developed accordingly.
In addition, you can participate in the 'Hongmeng Headquarters Project' and build one. Taihua City.
Second, Taihua Plaza, the 1st to 5th floors are shopping malls, and the above are office buildings.
Yindu Center, Huaxia No. 1 Mall, Haitian Plaza and Gongzhufen Commercial Building all follow this procedure.
Third, Taihua Global Center is a pure office building. We just took the Guomao C9 plot and developed it accordingly. There are also Shanghai Magic City World Financial Center and Yangcheng Midtown Plaza.
We at Taihua Real Estate do not do purely residential real estate. ”
Residence is a business that makes money, but it can also easily lead to trouble.
His private investments are not intended to be overly involved.
As for the old buildings spun off from New Dream, as well as the later acquisitions, they do not belong to Taihua Real Estate.
It is Hongyan No. 2 Real Estate Investment Fund.
Also under the umbrella of this fund is the Jiulongyu Tourism Development Company invested by Xu Liang in his hometown of Yidu. "Understood."
Lu Jue nodded quickly.
"Lao Sha, tell Lao Lu later about the progress of the 'Hongmeng Headquarters Project'. The next time you meet with the government, you two will go together."
"Yes. .”
“Which of you has any questions?”
Xu Liang asked.
The two shook their heads.
“Go.”
After the two left.
Xu Liang took out a piece of paper and counted on it.
He doesn’t care about Hanhua Capital, mainly Hongyan, which is his own money.
After the last profit from the US stock market, plus the US$250 million in Yahoo Japanese equity mortgage loans.
The entire Red Rock Fund can control US$2.77 billion.
It is divided into two funds: Private Equity No. 1 and Real Estate Investment Fund No. 2.
Except for Tencent and Yahoo Japan, which were earlier investments, this time it mainly invested in seven companies: Apple, Amazon, NetEase, Sohu, Moutai, Wuliangye and Standard Chartered Bank.
NetEase, Sohu, Moutai, and Wuliangye are nothing. With three times the leverage, not even a fraction of the US$70 million has been used up.
Mainly Apple, Amazon and Standard Chartered Bank.
The first two used leverage, each holding 15% of the shares, and spent approximately US$1.8 billion. With three times the leverage, they only spent US$600 million.
Standard Chartered Bank spent the most because it did not use leverage.
Nearly 400 million US dollars have been spent so far.
After deducting these, there is still US$1.7 billion.
The new dream project has already spent 2 billion Chinese coins.
The Guangqumen land parcel and the Guomao land parcel add up to 4.7 billion Chinese dollars.
RMB 200 million for Taihua City, Fengtai City, and Fengtai Taihua City have just started to negotiate. Taking into account the low land prices in Fengtai, the cost will be controlled at around 1.5 billion.
China's No. 1 Mall covers an area of 55,000 square meters and has a construction area of 540,000 square meters. Because it is not a new building, and it has lost 8 years of service life, and a part of the building has been sold, plus Check out the government’s preferential policies for unfinished buildings.
The price to buy this building will not exceed 500 million.
Yindu Center, Gongzhufen Commercial Building, and Haitian Plaza all have a construction area of about 250,000, and their locations are similar.
According to the current cases of revitalizing unfinished properties, the investment is around 250 to 400 million.
The Shanghai World Financial Center may be the most expensive, and the appetite of Japanese people is not easy to satisfy. However, according to the current property price increase of 30%, 2.3 to 3 billion Chinese dollars should be enough.
Zhongcheng Plaza is about 500 million Chinese dollars.
Calculated in this way, the acquisition funds, plus the merger and acquisition agency fees, are about 8.5 billion Chinese dollars.
There may be an excess, but it will not exceed 10 billion.
Of course, these are only the money for purchasing the project and land, and do not include later construction and decoration.
But for later construction and decoration, you can use the land as a mortgage loan or even advance funds from the construction party.
In short, there are many solutions.
10 billion Chinese coins, equivalent to 1.2 billion U.S. dollars.
He has $742 million left.
After settling the accounts, Xu Liang couldn't help but sigh.
“Today’s money is really valuable.”
After spending and spending, there is still US$742 million left.
He does not plan to invest these dollars in the stock market for the time being.
Seven companies including Apple, Amazon, NetEase, Sohu, Moutai, Wuliangye and Standard Chartered Bank are enough.
Of course Standard Chartered is not a pure investment.
However, this giant beast is too big and difficult to control. For now, it is better to take care of it slowly.
"There are no good investment targets, so just get land. Land is cheap now. In two years, even if you have money, you won't be able to buy it." Xu Liang said.
As for investing in hard technologies such as chips, lithography machines, and machine tools, he doesn’t have the guts yet.
Without it.
It’s too expensive.
More than two billion US dollars are not enough to burn.
When his family has almost saved up, it will not be too late to touch these gold-eating beasts.
(End of this chapter)