I Want To Be a Rich Man on Hong Kong Island

Changjiang Building, group meeting room;

Wu Guangyao and a group of senior executives from the real estate department are having a meeting.

Wu Guangyao first said: "Tianfan, you are good at reorganizing the company's structure, and you and Xianshuo will take the lead in reorganizing the company's structure for Hongkong Land Company!"

Yuan Tianfan said hastily: "Yes, boss! However, Hongkong Land's financial situation is not optimistic. We must raise funds or sell the company's assets to turn the situation around."

Wu Guangyao nodded, agreeing with this opinion;

In fact, financing is not realistic. At this time, the shares held by the Wu family have exceeded the full acquisition line;

If you do not initiate a comprehensive acquisition, you need to reduce your shareholding to less than 35% within half a year;

But diluting shares will lead to opportunities for others to take advantage of. The only way is to transfer some of the shares to the family office and some to other women.

For example, Cheung Kong Holdings holds only 34.5% of the shares of Hutchison Whampoa, the family office also holds 5% of the shares, and Li Cuina's line also holds 5% of the shares.

As for financing from outsiders, Wu Guangyao would not consider it at all.

Wu Guangyao said to Wu Xianshuo: "Do you have any opinion?"

Wu Xianshuo thought for a while and said: "According to the current financial situation of Hongkong Land, at least 5 billion Hong Kong dollars is needed to be safe. Why not, Hongkong Land will sell several buildings in Central to Kowloon Real Estate to ease the financial situation."

Sure enough, it was Qilin, not only smart, but also generous enough;

Why do you say Wu Xianshuo is generous?

It turned out that the assets of Jiulong Real Estate belonged to Lin Yueru's line of trust assets, which would benefit Wu Xianshuo's brother and everyone's descendants;

And Hongkong Land Company will definitely be Wu Xianshuo's company in the future, so the high-quality properties of Hongkong Land Central should belong to him and his children and descendants.

Wu Guangyao said: "Sell too many high-quality properties, and the brand of Hongkong Land may be greatly reduced; let's do this, take out three buildings from the six buildings in the core area of ​​Central and sell them to Kowloon Real Estate, and keep the rest in Hongkong Land. Now! If the funds for restructuring are not enough, let’s use the bank’s portfolio loan!”

After much deliberation, Wu Guangyao decided that Hongkong Land could not become an established real estate company in name only, so he decided to reserve three buildings in the central area of ​​Central District for Hongkong Land;

In addition to the three buildings in the core area of ​​Central (not including the three buildings sold to Kowloon Real Estate), Hongkong Land also has No. 9 Avenue, Duke Building in Central, Royal Building in Causeway Bay, and Harcourt Building in Wanchai, a total of 7 first-class commercial buildings. ;

There is also the Ligende Court in the mid-level area. Two phases have been completed, one is 33 floors, the other is 34 floors, and there is still a piece of land that has not yet been developed; in the previous life, the last phase was a 66-story building with the top floor reaching altitude At 327 meters, it was the tallest residential building in the world at the time of its completion, replacing the Lake Spire in Chicago. The third phase maintained this record for 8 years until the Trump World Center was completed in 2001;

There is also Xingang Center, which is a property located behind Wharf. It is a complex of three buildings, including shopping malls and office buildings; Unexpectedly, Wu Guangyao bought Landmark again now;

In addition, there are more than 50 real estate projects under development. The relatively large ones include the Baibishan villa group project (with a total investment of about 4 billion Hong Kong dollars), the sixth large-scale housing estate project in Tin Shui Wai, etc.;

Finally, there is a large amount of reserve land;

The above are the real estate assets of Hongkong Land, which are very huge. As soon as the Sino-British negotiations are over, the price of the entire Hongkong Land can reach 30 billion Hong Kong dollars immediately (the market value is generally far lower than the actual value).

The structure of Hongkong Land is still very complicated. According to Wu Guangyao's vision, the Cultural Hotel needs to be spun off and listed separately, and Wellcome Supermarket needs to be sold to Baiyou Group;

The Hongkong Land Company and the telecommunications company mainly provide pager services at present.

Although Wu Guangyao had some ideas, he didn't say them out. The purpose was to test the abilities of Wu Xianshuo and Yuan Tianfan.

After Hongkong Land Company has arranged,

Wu Guangyao said to Ma Shimin: "I have four large real estate companies, Cheung Kong, Wharf, Hutchison Whampoa, and Hongkong Land Group. Now it seems that the other three have considerable rent-collecting properties. Only Hutchison Whampoa collects rent. There are fewer properties.”

In fact, there are more than four large real estate companies under Wu Guangyao, because Jiahong Properties, a subsidiary of HK Electric, can easily rank among the top 12 real estate companies in Hong Kong; Super-large housing estate project; so it should be said that it is the top five real estate companies, but Jiahong Real Estate is under the Hong Kong Electric Group after all, and Wu Guangyao doesn't like to list him as one of his real estate departments. Company only.

Ma Shimin nodded and said, "Indeed! Although Hutchison Whampoa is a comprehensive group company, the proportion of real estate is still relatively large, and some rental properties need to be developed! What does the boss mean to develop the Whampoa Dock?"

Wu Guangyao said with a smile: "At this time, it is a good time to bargain with the Hong Kong government. If the Hong Kong government wants the real estate industry to flourish, it will inevitably need to start large-scale projects to stimulate the market; and the Hong Kong government now owes me favors, and they should repay them."

Ma Shimin said: "How does the boss plan to plan this land?"

Wu Guangyao had already had a secret case, and he happened to speak to a group of senior executives today, saying: "The location of the Huangpu Dockyard is not as good as Taikoo Shing, but it also has two advantages: it is not far from the Kowloon business district (tourist area), and it is close to the Yangtze River. Industrial Hung Hom Industrial Park (a group of industrial buildings built on the land of Qingzhou Cement Heyuan General Factory, with a total building area of ​​5 million square feet.)

On this land, we can build 10,000 residential units, which can accommodate 40,000 people; at the same time, we can also build a commercial center (hotel, office building, shopping mall complex) of 2 million square feet in the coastal area.

The specific plan, we will study slowly later! "

In his previous life, Li Jiacheng developed the famous Four Walled Village Project in the 1980s and 1990s, with a total profit of 20 billion Hong Kong dollars. These funds are the fundamental reason why the Li's consortium can go global.

Among the four major village projects, the first and most famous one is the Huangpu Garden project.

The former site of Whampoa Garden was once the dock of Hutchison Group. In the 1970s, Hutchison and Swire cooperated to merge the dock and moved it to Tsing Yi Island, leaving behind a 2 million-square-foot (200,000 square meters) space.

At that time, Qi Dezun, the head of Hutchison Huang, intended to develop this land and build a top-level community similar to Taikoo Shing, but encountered a fatal problem. The land at the dock was industrial in nature. A huge "land supplement fee".

After the land subsidy fee is paid, there is basically no profit in redevelopment. This is the strategy of the Hong Kong government. Otherwise, all enterprises will buy industrial land for land improvement, so which real estate company is willing to participate in the land auction?

The land supplement fee trapped Qi Dezun, and it also trapped Wei Li who followed up. When Li Jiacheng took over Hutchison, the land price at that time was almost at its peak. The land supplement fee required 2.8 billion Hong Kong dollars, and Li Jiacheng naturally refused to accept it.

In 1984, although the Sino-British negotiations had improved, the real estate market had been sluggish. In order to stimulate the real estate industry in Hong Kong, the Hong Kong government agreed to Li Ka-shing's conditions, with a land supplement fee of 390 million Hong Kong dollars plus 200 million Hong Kong dollars. The road fee modifies the land use nature of the land.

At the beginning of 1985, the Sino-British negotiations ended, the future of Xiangjiang was settled, and housing prices began to rise steadily. Li Jiacheng immediately arranged the construction of the Whampoa Garden to surround the village project.

Huangpu Garden includes a total of 7.6 million square meters (760,000 square meters) of residential buildings and 1.9 million square feet (190,000 square meters) of shopping malls. The entire project began in 1985 and ended in 1989. During the sale, Xiangjiang real estate has just recovered, and housing prices A substantial increase, the premium of the entire project is very high.

The land of Whampoa Garden is held by itself, and only 590 million Hong Kong dollars in land improvement fees and road fees have been paid, while the construction cost of the entire project is 4 billion Hong Kong dollars, and the total income in the following four years is as high as 9 billion Hong Kong dollars, which is only a residential project , and easily earned 5 billion;

Moreover, the commercial center of 1.7 million square feet can be said to bring considerable benefits to Hutchison Whampoa in the long run.

This profit was one of the most profitable business cases in Xiangjiang at that time.

Ma Shimin said happily: "With this project, Hutchison Whampoa also has a gold-lettered signboard in real estate, which can be comparable to Swire Pacific."

Wu Guangyao said with a smile: "Swire Pacific has already made a lot of profits, and if there is no accident, they may privatize Swire Properties recently."

Ma Shimin's eyes lit up, and he immediately said: "It happens that Hutchison Whampoa is still short of funds to develop the Whampoa Dock, why not take the opportunity to buy some shares of Swire Pacific, and then privatization will definitely be profitable."

Wu Guangyao was taken aback for a moment, but he didn't think too much about it. First, he didn't like the tens of millions of Hong Kong dollars, and second, Swire \u0026 Co. had cooperated with him for three phases of the Taikoo Shing project, so he didn't want to put them together.

But since Ma Shimin mentioned it, he can also try to invest a little;

"Well, but don't invest too much, just make a little profit! Swire Pacific holds a high share of Swire Properties, and it is quite easy to damage the interests of small shareholders to achieve the purpose of privatization."

Ma Shimin said with a smile: "I think so too, but tens of millions is not too little for me!"

Wu Guangyao said again: "There is one more project, old horse, go and run!"

The project that can be mentioned by the boss must be a big project, and Ma Shimin is naturally happy, after all, he is rewarded with 1% of the profit every year.

"Boss, please tell me!"

Wu Guangyao said: "There is an oil depot in Cha Kwo Ling, which belongs to the oil company. That piece of land can be used to develop a large-scale housing project!"

The people in the conference room thought about it, the oil depot belongs to someone else, if they buy it, the oil company may not agree to it because of their wealth;

After all, finding another oil depot is not only troublesome, but also requires application to the Hong Kong government, which is quite complicated.

Only Ma Shimin reacted quickly: "Exchange with Hutchison Whampoa's Tsing Yi Island oil depot?"

Hutchison Whampoa has an oil depot, and it was the first company to set up an oil depot on Tsing Yi Island;

Not only that, Hutchison Whampoa also has a dock (shipyard, repair yard) on Tsing Yi Island, which is in cooperation with Swire Pacific (55 points).

Wu Guangyao nodded and said, "The oil depot of Hutchison Whampoa itself is not a core business, and it can be withdrawn completely."

Ma Shimin said: "En! Leave this matter to me to discuss, and I promise there will be no problem."

In this way, Hutchison Whampoa will be sitting on two large-scale housing projects. Of course, Wu Guangyao will control the construction period in order to obtain greater profits.

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