America's Road to Fame

Chapter 176 Global Financial Center
The Yan Family Garden is located in the city center. In the 30s and [-]s, the residences of former politicians were mostly in the Xuhui area, while the big businessmen lived in Yuyuan Road and Huashan Road in Changning District. Therefore, the Yan Family Garden is located in the Yuyuan Road is very convenient for travel.

After coming here, William Chen and Ivanta asked about the current investigation situation in Shanghai after being gentle with Ivanta.

"I think it is indeed a very good opportunity now, and the policy we got is surprisingly good. A few days ago, I participated in a business invitation meeting held by a local government department in Shanghai. Most of the invitations were foreign-funded enterprises. It is said to encourage investment in infrastructure - of course, within the scope of foreign investment. And as far as I know, if we invest in the construction of buildings, then the funds for the construction will hardly need to be paid by themselves, and they can completely help through loans Come on."

"Oh? Is it that good?"

"Do you think it is good? But the current global situation is not optimistic, so many companies will have concerns, fearing that the economy will continue to decline, and they will face losses after construction is completed. This will put a lot of financial pressure on them."

Ivanta said with some concern.

"Didn't we already have a plan? Now the purpose of the local government in Huaguo is to promote employment and taxation through construction, so there will be some preferential policies. After all, under the circumstances of the subprime mortgage crisis, various countries They all hope to attract capital to invest locally. And I have confidence in the future economic development of Huaguo and the development of the real estate industry, so I think now is the best time to invest.”

Now that the decision was made, Ivanta contacted Modu to confirm the investment intention.

William Chen accompanied him to study the plot given by the other party. At present, if a new building is built, it will either be demolished or the reserved land will be obtained.

However, the location of the reserved land is not particularly ideal. After thinking about it, William Chen felt that since Trump-Chen Commercial Management Company entered Huaguo for the first time, it would be better to have a bright opening, so that it can improve itself in Huaguo Company branding.

Therefore, he proposed that he hope to carry out two aspects of work in Shanghai, one is to acquire at least a landmark building and transform it into the headquarters building of Trump-Chen in Huaguo, and the other is to choose a potential land and start the construction of the company in Huaguo. The second building in Modu.

This indicates that William Chen's company will not have too little investment in Shanghai, so the other party's response is also very positive, helping them find information on all the buildings in Shanghai, many of which , William Chen has been famous for a long time in his previous life.

In the end, William Chen set his sights on a skyscraper that had just been completed in August 2008—Modu Global Financial Center.

This building is located in Lujiazui, the magic city. It is 492 meters high and has 101 floors above ground.

This building was led by Mori Building Co., Ltd. in Japan in 1995. At that time, they joined forces with more than 40 companies from Japan and the United States to invest in the construction of this project, with a total investment of more than 1050 billion yen (nearly 10 billion US dollars).

At that time, Mori Building Co., Ltd. hoped to build the tallest building in the world in Shanghai. The original design of Shanghai Shanghai Global Center was 460 meters high. The project site area was 3 square meters, with a total construction area of ​​38.16 square meters. .

However, after the start of construction in early 1997, the construction of the building was affected by the Asian financial crisis, and the project was once suspended.

The project resumed in February 2003, but in the field of the tallest building in the world, the competition was fierce. At that time, Taipei and Hong Kong in China were already building 2-meter-high skyscrapers, exceeding the original design height of the World Financial Center.

Therefore, Mori Building Co., Ltd. modified the original design plan and added 7 floors to the World Financial Center, which reached 101 floors above ground and 3 floors underground, with a total floor area of ​​about 377 square meters and a height of 300 meters.

However, the magic height is one foot high and one foot high, and Taipei is also a chicken thief. A tower was added to the 101 Building, so that the overall height of the building reached 508 meters, making it the tallest building in the world.

However, in terms of the main building, the World Financial Center is still 101 meters taller than Taipei 12, making it the tallest building in the world.

At present, the world's top two tallest skyscrapers are all in Huaguo, but this record will not last long. After the Burj Khalifa in Dubai is completed this year, the height of 828 meters will leave these two buildings far behind.

But at this time, if the Shanghai Global Financial Center can be purchased, it will definitely cause a sensation in Huaguo and even the world, and the reputation of Troup-Chen Business Management Company will be extremely high.

The question now is, will the other party sell it?Now is the subprime mortgage crisis, Mori Building Co., Ltd. as a real estate industry must have a hard time, and from the fact that they were even affected by the last Asian financial turmoil and stopped working for a few years, it can be seen that their funds are not so abundant , so it is worth trying.

Hearing that William Chen was going to buy the Shanghai World Financial Center, the staff of Shanghai City were also shocked. They had expected that William Chen might just buy an ordinary building as a transition, and the main funds would be put in the new building Above, he didn't expect that he would directly buy the tallest building in the mainland. This is a big business, and at this moment, being able to help complete this acquisition is also a very famous thing for Shanghai.

Therefore, after confirming that William Chen was not joking, the other party also began to treat it cautiously, saying that he could help contact the other party to see if there was any intention to sell.

After returning to Yan's garden, Ivanta finally couldn't bear his own doubts, and began to ask:

"William, do we really want to buy that building? You know, the building cost as much as $10 billion. Even if it is a time of global economic crisis, if we want to take it, it will not be less than $12 billion, even Possibly over $15 billion!"

"I know, my dear, but it is undeniable that if we buy this de facto tallest building in the world, the reputation of our Troop-Chen Business Management Company will immediately increase, which will be of great help to the marketing of our brand. The brand value growth to come is huge.”

"I understand, William, but you know, we only have $6 million in the account right now. If we want to make an acquisition, then we need debt to leverage the building."

"That's not a problem, believe me, dear, the future earnings of this building will surprise you."

After all, it is located in the core area of ​​Lujiazui. In the future, both the overall value of the building and the rental income will be very rich, so there is no need to worry about losses.

"My God, that's a big move, honey."

Ivanta couldn't help sighing.

"This is also a rare opportunity, isn't it? Magic City is the center of China's economy. Once we gain a firm foothold here, the development of other cities will be extremely smooth."

As William Chen expected, the shareholders of Mori Global Financial Center include Mori Overseas Co., Ltd., an overseas company of the Mori Consortium, and Mori Global Financial Center Investment Co., Ltd.

前者出资128亿日元，持股51.2％；后者由日本等国33家银行、保险公司、商社等企业联合出资122亿日元，持股48.8％。

In the construction of this building, more than 8.5 million US dollars of funds came from bank loans.Therefore, during the subprime mortgage crisis at this time, their financial situation has been deteriorating.

The parent company of the holding party Mori Overseas Co., Ltd., Japan Mori Building Co., Ltd., is a well-known Japanese entrepreneur, Minoru Mori. He was born in a rich family. The richest man in Japan.

Minoru Mori has always been interested in building skyscrapers, but Mori Building Co., Ltd. currently has a total debt of 80 billion US dollars in the process of building these skyscrapers. Therefore, when the subprime mortgage crisis came, their situation was also very bad. Their assets With constant depreciation and huge debts, the company's revenue dropped sharply during the economic crisis. It can be said that life is not easy now.

On the other side, the shareholders include 33 financial institutions and companies. The reason why the number is much less than the original nearly 40 is because some of them have gone bankrupt during the Asian financial crisis...

But now that they are facing the subprime mortgage crisis again, their situation is also not going well. Many institutions and companies are in danger of bankruptcy.

Therefore, whether it is the Mori Consortium or other participants, they are in urgent need of funds to survive, so they are also very interested in William Chen's intention to acquire the Modu Global Financial Center, and they did not make them wait too long. It has been decided to start negotiations on the acquisition of Modu Global Financial Center.

William Chen did not participate in this kind of specific negotiation. He just discussed with Ivanta and set a purchase range of US$12-15 billion for the building. If the price exceeds this price, it will not be considered. Temporarily buy other buildings as a transition, and build new buildings at the same time. After all, the new buildings will be more popular in Shanghai, and those can stimulate the local economy.

(End of this chapter)