"Okay, let's not talk about this anymore. You are watching over Tianyuan Investment Company. I can rest assured. Let me tell you the purpose of coming to you this time. You can help me register an independent property company and form a professional property team. , I am of great use," Su Cheng said directly.
"Property company? As far as I know, both Hutchison Whampoa Group and Su Group have professional property companies. Boss, why do you specifically register an independent property company?" Zhang Qizheng asked in surprise. .
I won’t talk about the property company under Su Group. It is not big in scale. After all, Su Group has not been involved in the real estate industry for a long time. The property company is a supporting enterprise of the real estate company. The real estate industry has not yet been established. How to develop, the natural scale of property companies is not very good.
But it is different with Hutchison Whampoa Group. Hutchison Property Company itself is a large-scale subsidiary of Hutchison Whampoa Group. If it is listed independently, the market value will definitely exceed 100 million.
This Hutchison Property Company was also developed together with Hutchison Real Estate Company. It now manages more than thirty properties throughout Hong Kong, in addition to Singapore, Manila and Kuala Lumpur. They all have businesses. If we only count the property industry rankings, Hutchison Property Company ranks among the top ten in Hong Kong.
As for Hutchison Real Estate Company, due to the privatization of Hutchison Whampoa Group, it can be said that Hutchison Real Estate Company is also equivalent to a private enterprise in Sioux City.
So it is a bit strange that Su City wants to set up an independent property company.
This seems to be a superfluous thing.
Normally, if Su Cheng arranges a task, even if Zhang Qizheng has questions, he rarely asks, and just handles the matter directly for the boss in Su Cheng.
Maybe it had been too long since he had met Su Cheng today, and he was too curious, so Zhang Qizheng couldn't help but ask.
"It's okay to tell you. I am planning to purchase some properties, such as office buildings, commercial buildings, industrial parks, factories and warehouses, etc. After purchasing these properties, I will only rent them and not sell them. I will set up a new property company to manage these properties. At the same time, it mainly focuses on rent collection. Although Hutchison Property Company is a relatively mature property company, it is a subsidiary of Hutchison Whampoa Group after all. If my newly purchased property is included in Hutchison Property Company, it will be quite good. It has been incorporated into the management of Hutchison Whampoa Group, so I want to set up a separate property company, which is not under the jurisdiction of anyone, and the person in charge will directly contact me," Su Cheng said with a smile.
After listening to this, Zhang Qizheng finally understood and nodded.
As a business manager, he certainly understands what Su Cheng means.
If Sioux City now invests privately to acquire a property and then merges it into the management of Hutchison Property Company, then the income generated by it will belong to the Hutchison Whampoa Group, and the group will have the right to use and arrange these funds. of use.
But Su City is not willing to do this. He does not acquire properties for the Hutchison Whampoa Group to manage. If one day Weili sells some properties and embezzles funds for development in other subsidiaries, he will He doesn't necessarily know, after all, he usually doesn't bother to care about these little things.
The purpose of purchasing properties in Sioux City is simply to collect rent every year while waiting for the appreciation of these properties.
Just like today's Wharf Group, in fact, most of the company's income is mainly based on rent collection.
The speed of making money through rent collection is definitely relatively slow, but only Su Cheng knows how terrifying the real estate development in Xiangjiang will be in the future.
In the late 1970s, an ordinary building with a height of more than 10 floors in Central might only collect a few million Hong Kong dollars in rent a year. However, in the next few decades, a building could collect hundreds of millions or even a few million Hong Kong dollars in rent a year. It's a normal thing if it's billions, and the future housing prices will be even higher than now.
Su Cheng once read an article in his previous life. In the past fifty years, the overall housing prices in Xiangjiang have increased by as much as 400 times, and some shops have increased by more than 8,000 times. Originally, he had no such idea. After all, doing business and investing is actually more profitable.
However, there are too many excess funds now. Lying in the bank will only keep depreciating. It is better to turn some of the funds into fixed assets.
Real estate properties, at least in this era, are relatively cheap for Sioux City.
Therefore, Su Cheng had the idea of setting up a new property company to help him collect rent.
The staff size of this property company does not need to be large, but the funds received every month may be relatively large, so it also requires very professional personnel to manage it.
Regarding professionals, Su Cheng is not worried about this problem. Sanyo headhunters can help him find such professional management at any time.
In Xiangjiang, it may be difficult to find high-tech talents, but there is definitely no shortage of management in this kind of property field. As long as the treatment is good, there is no need to worry about finding good management.
Furthermore, the person in charge of recruitment does not have the right to use funds. All funds will be connected with Su City from the finance side.
“Boss, leave this to me, I will get it done for you tomorrow. Let’s put the company’s office here at Tianyuan Investment Company first. In addition, what is the boss going to do about the recruitment of the person in charge? Zhang Qizheng asked.
“Let’s let the general manager of Hutchison Property Company serve as the head of the new company first, and then give Sanyo Headhunting Company time to find a capable successor. I will discuss this matter with you. Say hello to Mr. Weili," Su Cheng said directly.
The new property company will definitely not have a lot of work, and if it is part-time, it will not have much impact on Hutchison Property Company, so if you mention this matter, there should be no objection.
As for ordinary employees, recruitment is even simpler.
As for the financial personnel, it is enough to send someone directly from Tianyuan Investment Company. The income structure of rent collection is simple and there are no complicated income and expenses.
"Okay, is there anything else to do?" Zhang Qizheng took over the task and continued to ask.
“Look for me, use intermediary companies and other resources to look at the city center areas on Xiangjiang Island and the south of the Kowloon Peninsula, especially on both sides of Victoria Harbor such as Central, Causeway Bay, Wan Chai, Tsim Sha Tsui, and Hung Hom. Office buildings, commercial buildings, industrial parks, factories and warehouses, etc. are for sale at a lower than market price. The more, the better. When the time comes, I will see which ones are suitable for me to acquire. If there is a suitable one, I will take it. "Su Cheng thought for a while and said.
"There are a lot of properties that are urgently sold, especially in recent years when the market has been bad. Many companies or individuals choose to sell properties in order to reduce pressure. Boss, how much money do you plan to acquire for the property?" Zhang Qizheng asked.
"There are no restrictions for the time being. As long as it is suitable and I think it is worth it, I can buy it. Even if the Kang Le Building is for sale, as long as the price is right, I can buy it!" Su Cheng said with a smile.
Connaught Building, located in Connaught Plaza in Central, Hong Kong, is 52 storeys (178.5 meters) high. It was built by Hong Kong Central Land Company and completed in 1973. It was the first skyscraper in Hong Kong and remained popular throughout the 1970s. It was the tallest building in Hong Kong and Southeast Asia until it was replaced by Hopewell Center in the early 1980s. (End of this chapter)