My 1999
Chapter 996: Try it first
“The superior geographical location of Battersea Power Station is indeed favored by many investors.
In the late 1980s, architect Cedric Price proposed to demolish the brick walls of the building, leaving only the steel structure and chimney, and build new housing underneath, so that the iconic outline of the power station would "float" over London.
Because the cost was too high, it was abandoned by the government.
1 Bloom tried to transform the power station and the surrounding area into a giant shopping mall with amusement facilities.
Tourists can reach each floor and roof through indoor hot air balloon facilities, but this plan was eventually stranded due to a broken capital chain.
In 1993, the land was handed over to British architects Philip Dawson and Nicholas Graham by the Xiangjiang Qiaofu Group for planning and design.
From theme parks to circuses, to luxury hotels and comprehensive communities, there has been no progress on the ground.
Things have been delayed until today.”
Xu Liang understood.
The most important thing to develop Battersea Power Station is capital.
This kind of protective development of old buildings is more expensive than rebuilding on new land.
The local tyrants in the UK can get high-quality land, so of course they have no interest in Battersea.
Only outsiders like him, who have no power in the local area, cannot get high-quality land, and only have money in their hands, are interested in developing Battersea.
"How do you plan to develop it?"
Lu Jue was shocked and asked quickly.
"The overall renovation area of the Battersea project reaches 42 acres (about 170,000 square meters). The plot is very large, so we want to transform it into an urban complex with 3,500 residential units, a 158,000 square meter shopping center, and 47,000 square meters of office space.
The entire project is divided into seven phases, Phase I and Phase II, mainly focusing on the renovation of Battersea Power Station.
The lower floors will be restored as shopping spaces, the upper floors will be converted into office spaces, and 284 residential units will be added to the top floor and two wings. One of the chimneys will be converted into a glass elevator, and you can enjoy the panoramic view of the city after climbing to the top.
A sky villa and its surrounding roof garden square are added above the main building.
Phase III to Phase VII are five apartments from A1 to A5, which are mainly in a minimalist style, focusing on design and modernity.
The entire project will take five years, with a total investment of 5 to 6 billion pounds."
After speaking, he looked at the big boss carefully.
The investment in this project is too large.
6 billion pounds, more than 10 billion US dollars.
If everything goes well, it can also leverage twice the funds.
The same huge sum of money in China can cover all the top 150 cities in the country with Hanhua's urban complexes.
"The project is a good project. But Lao Lu, how much debt does Taihua Group have now?"
"28.75 billion US dollars." Lu Jue said bitterly.
The acquisition of Fuhua Real Estate and Kelong Supermarket certainly allowed Taihua to obtain nearly 30 billion US dollars of debt-free assets.
But it also made Taihua bear 20 billion US dollars of debt.
If Hanhua had not converted part of the funds into the equity of Taihua Group, the total debt of the group would have exceeded 30 billion US dollars.
"28.75 billion US dollars, the debt scale is close to 60% of the total assets."
"58.48%."
Xu Liang smiled and continued: "Although this scale is not the highest in the real estate industry, if it takes on another 6 billion pounds of debt, Taihua's debt ratio can quickly exceed 80%. At this financial level, what do you plan to do if you encounter a black swan?
Or do you think the real estate industry can continue to rise and there will be no changes in the next five or six years?"
"I...?"
He stopped again when he reached his lips.
In fact, he knew better than anyone that the current situation of Taihua Group was not able to operate the "Battersea Power Station" project.
But Taihua could not do it, but Boss Xu could.
Outsiders did not know the inside story of the Tenglong Project, but as an insider, he knew something about it.
His original idea was to bring the "Battersea Power Station" over and try it out first.
If he could get the money, Taihua would make a lot of money.
But this must not be said on the table, otherwise Boss Xu would not call him "Old Lu" affectionately.
It would be a light punishment to ask him to get out directly.
"In addition to funds, the potential of the British real estate industry is far less than that of China. In the next ten years, Taihua will still focus on the Chinese market and take into account the Southeast Asian market."
"Yes."
After chatting for a while, Xu Liang sent him away.
"These guys are all here to ask for money."
Looking at the "Battersea Power Station" document on the table, Xu Liang picked it up again and flipped through it.
To be fair, this is indeed a very high-quality project.
No wonder Lu Jue values it.
But the investment scale is too large, and now is not a good opportunity.
"Even if you want to invest, you have to wait until after the subprime mortgage crisis."
The subprime mortgage crisis and the European debt crisis will cause European real estate prices to fall.
It will definitely be much easier to acquire the Baresi Power Station site again.
...
Dinglingling...
As soon as he left Jiulongyu Manor, Lu Jue's phone rang.
"How about it, Lu Jue, did the big boss agree?"
"Just as you expected, he refused." Lu Jue sighed.
"Taihua's debt is too high. If I were the big boss, I would also refuse.
Moreover, by assigning Fuhua and Kelong to us, we would have aroused the envy of our brother companies. If we continue to support us in winning the Battersea Power Station, others will be fine.
The pillow winds from Hynix, Master Kong, Hanhua, Facebook, Vivendi, and Unocal are not easy to block. "Qiu Mingcheng said with a smile.
As they are both internal companies of the Xu Group, everyone knows the situation of each company.
"Oh, that's what I said. But I'm really not willing to give it a try."
"Have you given up now?"
"I've given up."
"When will you come back? The company is still waiting for you to take charge of the overall situation."
"Isn't there you in the company?" Lu Jue said.
"There is news from Quancheng that there will be a plot of land with a total area of 14.6 square kilometers to start shooting next month. I want to go there and keep an eye on it in person."
"14.6 square kilometers? 22,000 acres?!"
"Haha, it's big. I used to think that 2,000 acres of land was big enough, but this time it's increased tenfold."
"Is the place very remote?"
"It's not very biased. It's in the northeast of Quancheng, centered on Huashan and Huashan Lake in Quancheng, extending to Jiqing Expressway in the north, Xiaoqing River in the southeast, and Second Ring East Road (Jiangjun Road) in the west..."
"Forget it, you'd better stop talking. I'm not from Quancheng, and I don't know where I am. ...It just so happens that I'm in Yidu now, not far from Quancheng. Let's go and have a look first." Lu Juedao.
"Okay. According to the data, not all of the 22,000 acres of land is construction land. About 6,000 acres of it is Huashan National Historical and Cultural Park."
"It's a good piece of land surrounded by mountains and rivers."
However, the price of real estate developed in beautiful places close to the city is generally not cheap.
“Good land is good land, but there are also many people watching. As far as I know, state-owned enterprises including China Shipping, China Resources, and COFCO, as well as private companies including Vanke and Country Garden, are all eyeing it.
A fight between dragons and tigers is inevitable. "Qiu Mingcheng said.
"Let's fight, we're not short of money."
"That's right. The big bosses will definitely support this kind of domestic super market."
The two chatted for a while before hanging up the phone.
——
Dong Dong...
There was a knock on the door.
Liu Hong said happily when she opened the door and saw her husband-to-be appearing outside.
"Why are you here?"
Yang Haojian changed into slippers, "Uncle and aunty aren't there?"
"I went shopping for groceries."
Put aside the gifts you brought.
Looking at his fiancée, who was wearing a red close-fitting cashmere sweater with beautiful lines, Yang Haojian felt warm and put his arms around his waist.
Just about to kiss.
"Wait a moment."
After stopping my fiancé.
"Let me ask you, who did you tell about Xu Liang's participation in our wedding?"
"No one told anyone except my parents."
Seeing his fiancee's relaxed expression, Yang Haojian said quickly.
"You told me not to tell others. How could I disobey my wife?"
"Did you tell your uncle and aunt to keep it secret?"
"Of course I did."
"That's pretty much it."
The worried Liu Hong said again.
"Dear, Xu Liang is our largest and most precious resource. We cannot over-consume."
"Inviting more leaders to participate is excessive consumption?"
"You are really stupid. If the news of Xu Liang's participation in our wedding spreads, it will certainly attract a large number of big shots to our wedding.
By then we will have some face, but we will lose it.
What is lining?
People, relationships.
Why did those people who came to our wedding come?
It must be to curry favor with Xu Liang, build relationships, and seek benefits.
Regardless of whether Xu Liang gives it or not in the end.
He will feel that he has given us enough face and the friendship between classmates has been exhausted.
If we try to find him again in the future, we probably won’t be able to contact him.
In other words, we use a wedding to connect leaders and big shots for free and benefit them.
Do you think we are losing money? "
Yang Haojian scratched his head.
"But after they get the benefit, don't they also want to accept our kindness? If we ask for help in the future, won't they also want to help us?"
"You are really naive.
Let’s not talk about human nature, just focus on interests.
If these people who seek help from Xu Liang's family get benefits, they might help us.
Those who were rejected by Xu Liang and did not get the benefits may not only not help us, but they will also hate us and even retaliate against us. "
"Is it really that serious?"
"What do you think?"
In fact, Liu Hong has never experienced it. These are life experiences taught by his father who is a supermarket business.
"So, we have to keep Xu Liang's attendance at the wedding a secret. When he actually comes the day after tomorrow, everyone will naturally know about it.
There is no way to hide such big news.
Our relationship with him cannot be hidden.
At that time, those who hope to get to know Xu Liang through us will take the initiative to come to our door to curry favor with us.
Think about it, which one is better, the benefits of having someone delivered to your door, than asking for help on our own initiative? "
“Of course it’s the benefit of having it delivered to your door.”
Yang Haojian said quickly.
"This is it."
"Daughter-in-law, you are still smart!" Yang Haojian said in admiration.
"Just be lucky that you have a wife as smart as me."
"Hehe, yes, yes, I'm satisfied now."
"Silly!"
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