My 1999
Chapter 475 New Century Real Estate
"Mr. Xu, this is not flattery, it is definitely what I, Lao Sha, say from the bottom of my heart." Sha Zhigang quickly assured.
"Okay, okay, I know what you mean."
After smiling and comforting for a few words.
"No more joking, let's get down to business."
Sha Zhigang's expression immediately became serious, and he subconsciously sat up straight.
"I want to inform you that in view of the increasing number of fund types under the company, the company has decided to restructure for better development.
On the basis of the original Planet Series Fund and Myth Series Fund, the Five Mountains Series Fund and Ocean Series Fund are added.
I won’t say much about how to divide them specifically.
Just wait until the company's official documents come out and you can take a look. However, our Xuanwu Fund will be changed to ‘Nanyue Fund’.
Apart from the name change, no business changes will be made. "
Sha Zhigang breathed a sigh of relief. Although changing the name was complicated, it was much easier than making a big change in business.
"Mr. Xu, let me state my position first. I firmly support any policy of the company. From now on, I will be the director of Nanyue Fund."
Xu Liang nodded and changed the subject.
"I have read the documents you submitted. Fund No. 1 has raised nearly double the amount of funds based on the original amount, which is very good."
"Thanks to your great success in Qinglong Fund and Kunpeng Fund, Nanyue Fund can enjoy the benefits of capital overflow." Sha Zhigang said quickly.
Currently, Nanyue Fund has two sub-funds.
Fund No. 1, which has just completed fundraising, has US$5.5 billion in capital.
Fund No. 2, which has been investing for a year, has US$1 billion in funds.
It has four major projects.
First, Fuhua Apartment.
Second, Hongmeng headquarters residential complex and apartments.
Third, new dream projects.
Fourth, New Century Real Estate.
Fuhua Apartment owns 29 unfinished buildings with a rentable area of 2.89 million square meters, most of which are currently under renovation.
“Can’t the projects under Fuhua Apartment still be rented out?”
“In August, Fuhua No. 3 Apartments, which Jingtai Autonomous City has been renamed, will be officially leased to the outside world. By the end of the year, 9 buildings will be launched, and 17 buildings will be completed by the middle of next year.
By the end of next year, the construction and decoration of all 29 unfinished buildings will be completed and launched on the market. "
"What about the new project?"
"We are still investigating and plan to add 500,000 square meters of leasing area before the end of the year."
Xu Liang nodded.
“When will the Fuhua Jinfeng Apartment project in Hongmeng be completed?”
“You can move in by the middle of next year.”
The Fuhua Apartment project is divided into two levels: luxury apartments and ordinary apartments.
The apartments converted from unfinished buildings are basically ordinary white-collar apartments, named after Arabic numerals.
We have arrived at Fuhua Apartment No. 29.
Fuhua Jinfeng Apartment is a luxury apartment built by Nanyue Fund specially hired professional designers and based on the entire Hongmeng headquarters project.
Service standards are in line with five-star hotels, with greater privacy and security.
Nanyue Fund does not have many such top-notch apartments. There are only two or three in first-tier cities, and one or two in first-tier cities is enough.
"The number of new dream projects has been expanded to 155?" Xu Liang asked next.
Sha Zhigang nodded, "After two years of training, New Dream has trained many new teachers, temporarily solving the problem of insufficient art teachers.
So from this year to next year, there will be a substantial expansion.
The number of branches can exceed at least 300.
Even if we abandon some projects in third-tier cities, the number of new dream project plots we hold will exceed 200, with a construction area exceeding 2 million square meters. "
Xu Liang nodded and said: "When the new dream begins to develop significantly in third-tier cities, there is no need to follow it. Just consolidate the existing projects."
Before the subprime mortgage crisis, all the assets of the new dream project were injected into New Century Real Estate.
After obtaining cash flow, wait for the stock price to fall before buying the bottom.
In this way, not only did the land prices rise, but they also made money from the stock market. It was a win-win situation.
Fuhua Apartment can also do this.
"Have all the old assets at New Century Real Estate been cleared?"
"It has been completely cleared, all bank debts have been repaid, and the remaining funds are 650 million Chinese dollars."
Thanks to the rapid development of China's real estate market, the acquisition of New Century Real Estate not only made no loss, but also made Nanyue Fund a fortune.
Although not much, there is still 100 million Chinese coins.
"In addition to repaying debts, we have established four branches in Beijing, Magic City, Pengcheng, and Yangcheng. Currently, each has a piece of land.
The total development area is 387,900 square meters.
We plan to increase the reserve area to 2 million square meters before the end of the year. "
Xu Liang nodded. Now Nanhua Fund has a huge amount of US$6.5 billion. If leverage is used, it can leverage at least US$10 billion in huge funds.
With such a large amount of money, there is no need to worry about Nanyue Fund's funding problems in a year or two.
"In the future, when New Century Real Estate acquires land in China, it will try to acquire high-quality plots; on the basis of ensuring high quality, it will try to acquire large plots and don't be afraid of spending money."
"clear."
“How much share do we have in New Century Real Estate?”
"66.7%."
"Be careful when injecting capital, don't lose New Century Real Estate's listing status." Xu Liang said.
"Haha, don't worry. Now the whole of Xiangjiang knows that New Century Real Estate is the property of you, the new richest man in Asia. Although we have been selling off assets during this period, the share price of New Century Real Estate has nearly doubled.
Once we raise funds through rights issue, we are guaranteed to have people buying it. "
Xu Liang smiled, "I didn't expect that I still have some influence in Xiangjiang."
"Xiangjiang is a standard money society. You, the Son of God and the God of Stocks, have influence all over Xiangjiang. Nowadays, many Xiangjiang stockholders are accustomed to asking for your blessing before buying stocks."
"Have I really become the God of Wealth in love?"
After smiling and shaking his head.
"One more thing. Contact Lu Jue from Taihua Real Estate and buy the Guangqumen land from Taihua Real Estate."
"Guangqumen land? Mr. Xu, isn't this planned to be developed into Taihua City?"
He was very familiar with this piece of land, it was the first piece of land under Taihua Real Estate.
He spent more than 3 billion Chinese dollars just to acquire land, and he was the land king in the country in 2001.
Moreover, the area is huge, the location is superior, and the financial future is bright.
Belongs to the top land.
“The Guangqumen land parcel [R\u0026F City] and the Guomao land parcel [Jianwai SOHO] are too close and are not suitable for the development of large-scale commercial complexes.
Taihua Real Estate does not do residential projects, so this land is given to you. You should develop it well and strive to make it a model project. "
There is only one stop from Guangqumen land to Guomao.
It can only be used as an ordinary shopping mall to attract customers from surrounding communities, but cannot form a regional super-large commercial complex.
Guomao is different. Commercial shopping malls are clustered here, which can create a huge siphon effect on the surrounding area.
There is a memory of rebirth, Xu Liang understands it very well.
Commercial facilities in the future will either be convenience stores built directly in the community.
Or a large commercial complex that can provide a variety of business formats.
Whether it's an intermediate type of shopping mall or a shopping mall, even if it doesn't die, it can only survive.
Xu Liang does not want such commercial real estate.
"Don't worry, Mr. Xu, I will definitely develop the Guangqumen land parcel."
Sha Zhigang said quickly.
The big boss doesn't like it, but he likes it very much.
The Guangqumen land is a good and fast land.
Xu Liang nodded, looked at the documents on the table, hesitated, and finally did not say anything.
Projects under Taihua Properties.
Four unfinished building projects including Yindu Center, Beijing First Mall, Guohai Plaza and Haitian Plaza were transformed into Taihua Plaza.
Xu Liang didn’t really want it anymore.
Although the area of the shopping mall has increased a lot after his request, it is still around 50,000 to 60,000 square meters, and the structural design is old-fashioned and difficult to change.
Although such a place is good now, it will be difficult to attract enough customers in a decade or two after the explosion of online shopping and the diversification of entertainment methods.
However, these projects are all located in the core urban areas of Beijing, and have great potential for land value appreciation.
In addition, the project is almost completed, and huge rental income will be obtained soon, so it is not suitable to sell now.
Before the subprime mortgage crisis ends, selling to New Century Real Estate is the most reasonable choice.
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