Chapter 550: The Abacus Beads Fly Away

Chapter 550: The Abacus Beads Fly Away

There are private planes docked at the Hong Kong International Airport, so it is very easy to fly to Shenzhen.

Fan Wumian arranged a plane and brought Xiao Ma Ge and three Penguin Group staff members to Yanjing. They landed at a little after 7 o'clock in the evening.

He first sent a text message to Zhuang Muxi, asking her to wait for him in the bathroom tonight, and mentioned that he would probably come to see her after 9: p.m.

Before the formal negotiations begin, there is still some preliminary preparation work to be done.

Therefore, Fan Wumian invited the owner of the architectural design company responsible for planning the Deyunshe Crosstalk Cultural Tourism Base, and an official Chaoyang office manager in charge of attracting investment, to a dinner party to find out the situation.

In addition, there was also a senior executive from the Aoto Project Department who had invited him to provide funding this time. He hurried from home to the restaurant. When he saw Fan Wumian and Xiao Ma Ge, he was overjoyed. He shook hands with them and said that he would arrange dinner for the night. His attitude was so positive and enthusiastic that he obviously treated the two as his life-saving straws.

Because of the mess of the Olympic Village funds and the Morgan Center, several persons in charge of the entire Olympic Investment Project were often called to stand guard and receive lectures.

If the investment amount was not so large and there was no money to be squeezed out, the higher-ups would have almost coordinated with official companies to take over the Morgan Center's land and complete its development as soon as possible.

There's not much to say about the Morgan Center project.

At this moment, the young waitress was serving the dishes. She kept looking at Fan Wumian, and it was unknown what dirty thoughts she was thinking. Her face was so red that it was burning.

Fan Wumian has money, power and a good-looking appearance. In the eyes of girls, he is a "walking aphrodisiac" with great lethality.

Almost everyone was looking forward to a love story like that of Cinderella and Prince Charming, but unfortunately Fan Wumian was busy thinking about important matters and didn't notice her at all.

The boss of the architectural design company praised the model made of plasticine:
"This design is absolutely amazing! I wonder which master designer came up with it? If they were to appear next to the Water Cube, it would definitely be a feast for the eyes of tourists and foreign guests. The small buildings look so cute, and they really bring modern architectural aesthetics to the extreme."

The person in charge of the AoTou project was also excited and praised:

"Not bad, really good! The previous design was just an ordinary building, but you big bosses are smart. If you use this project to add luster to the Olympics, the effect will definitely be outstanding!"

Fan Wumian was hungry, and explained as he picked up his chopsticks:

"Actually, this was all Mr. Ma's idea. We at Penguin Group are very responsible. When he heard that the Olympics were facing difficulties, he immediately became concerned about this matter and wanted me to help solve it. Then he temporarily asked the company's artist to come up with such a development plan, and we also need to find some experts in design."

"If the plan is approved and the project is successfully taken over, part of the commercial housing will be sold to the outside to raise funds, and the commercial real estate part will be kept as the office building of Penguin Group's Yanjing branch."

"The problem is that I heard there is a dispute over this piece of land that has not been resolved, which makes us a little worried."

After hearing this, the senior executives of the Aotou project patted their chests and promised:
"It's just a little trouble. I'll help you coordinate after I finish my research. It shouldn't be a big problem."

"Recently, I have been very busy trying to help the developer revitalize this project, looking for people to attract investment everywhere, but I have been screwed."

"The developer is also anxious, as all the funds are tied up in this project. If both sides take a step back, I think we can reach an agreement. Previously, a company promised to provide 55 to million RMB in financing and wanted to hold a % stake in the entire project. After a few days of consideration, the deal fell through because the developer holding the land had some other debts."

Fan Wumian grasped the key point in these words and asked:

"Is it that Yanjing Morgan Real Estate Company refuses to agree, or is it that the financing party backs out?"

"The financing party withdrew, mainly because they were not strong enough to handle such a large project and were worried that the speed of recovering funds would be too slow."

"That's it"

Fan Wumian secretly calculated that based on the 55% equity being worth 8 million RMB, he guessed that Yanjing Morgan Real Estate Company also valued the land at to million RMB.

However, this is based on the joint development of the shares. If Yanjing Morgan Real Estate Company wants to take the money and leave directly, it may have to increase the price by 30% or 40%.

After all, if it is a joint venture development, Yanjing Morgan Real Estate Company can also enjoy the appreciation of real estate, sales or rental income, etc. For the sake of long-term benefits, it is normal to be willing to discount the value of the land. However, if it is a one-time deal, it may not be so easy to give in.

The litigation dispute has not been completely resolved, and the fact that the land development rights may be officially reclaimed is like a sword hanging over the head of Yanjing Morgan Real Estate Company. Under the influence of this factor, there is indeed a possibility of price reduction.

Fan Wumian hopes to ask the authorities to help exert pressure, so he is not in a hurry to offer acquisition conditions.

He had already discussed with Xiao Ma Ge in advance that he was willing to pay no more than RMB 13 billion for the acquisition, which is equivalent to a floor price of RMB 3000 per square meter.

If the amount exceeds this number, it would be better to transfer the land through an agreement and ask the Yanjing government to help find a similar piece of land.

There are still large tracts of undeveloped vacant land between the Fourth Ring Road and the Fifth Ring Road, and you can also find land within the Fourth Ring Road. If the cost is too high, there is no need to hold on to the land for the Morgan Center project. There is also room for appreciation by returning to Shenzhen to build a building.

After eating and drinking, we learned about the situation.

Fan Wumian asked about the Olympic Village project again, and he said:

"How big is the funding gap for the Olympic Village now? I see in the concept map that there are temporary steel-structured buildings such as restaurants, commercial service areas, and athlete centers. These will all be demolished after the Olympics, right? The only permanent buildings are the more than 2000 commercial houses in the east and west areas?"

The executive of the Aotou Project Department nodded and introduced:
"I am also in charge of this part. Some of those temporary buildings will be demolished, and some are planned to be rented out to avoid wasting assets. In fact, we have recently applied for pre-sale of commercial housing in the Olympic Village. The price per square meter is more than 1 yuan to avoid losses. Water, electricity, partitions and other things will need to be renovated later."

"Of course the more investment the better. The surrounding parks, squares, and temporary buildings all cost a lot of money, and we still owe the construction company a lot of balance. Now we have to raise funds from outside and take out loans from banks, and the interest will be 200 million a year."

"The application we submitted recently is mainly to put 8 buildings on the market, with a total of 342 houses, priced at 16800 yuan per square meter, and around 15000 yuan after discount. The quality of these houses is very good, and some companies would rather lose money to participate in the bidding in order to make their name known."

Fan Wumian was almost petrified after hearing this.

He raised his glass and drank some wine to calm himself down, then asked helplessly:
"Including the floor price of the land, the actual construction cost is only about 4,000 to 5,000 yuan at most. I see that the commercial housing around here is only 6,000 to 7,000 yuan per square meter."

"How can the cost of surrounding greenery, temporary buildings and the like be included in the cost of these commercial housing units in the Olympic Village?"

"The total investment is 33 billion yuan, and the total construction area of ​​these commercial houses is more than 37 square meters. Even if calculated according to this figure, each square meter is less than 9000 yuan."

until now.

The senior executive of the Olympic Investment Project did not know that Fan Wumian was planning to buy the building as a package and thought that he wanted to participate in the financing of this subsidiary company that specializes in the development of the Olympic Village.

So he continued to brag:
"The actual cost is not that high, but the surrounding greenery and the reputation of the Olympic Village are also valuable. Everyone in the country is paying attention to this place, so there will always be buyers willing to buy it."

"Maybe the house we bought was once lived in by an Olympic champion, Mr. Fan, don't you think so?"

"If they provide us with financing, we should be able to make a good profit later. By the time the Olympics are over, I think we will have sold out almost all of them. After the news got out, many people have called to inquire."

"."

Seeing Fan Wumian's abacus beads flying away, Xiao Ma Ge couldn't help laughing and secretly gloated over his misfortune.

Fan Wumian sighed:
"I originally thought that I would buy all the commercial housing in the East or West Park of the Olympic Village at 6,000 to 7,000 yuan per square meter, and that would be my contribution to the Olympics. But you set the price so high that I am powerless and cannot support it any more."

"."(End of this chapter)