Chapter 556 14 billion?

Chapter 556 14 billion?

Lu Xun once vividly summarized a "window opening theory".

He said that Chinese people like to compromise. If someone thinks that the house is too dark and needs a window, others may not agree. However, if someone advocates removing the roof, others will come to mediate and be willing to open a window.

This theory can be applied in many places.

For example, Mr. Guo, the boss of Yanjing Morgan Real Estate Company, was called to the office for a talk today.

The other party told him that the issue of land recovery might lead to new variables, and advised Boss Guo to be mentally prepared for the possibility of losing his initial investment.

Just when the boss of Yanjing Morgan Real Estate was in a state of panic, the senior executive of Aotou changed the subject and told Boss Guo that he had just had dinner with Fan Wumian and Xiao Ma Ge. During the dinner, he learned that Penguin Group planned to open a branch in Yanjing, so he specifically talked about the Morgan Center project, hoping that they could help resolve the problem.

He then sighed and told Boss Guo that he could only try his best, but it might not succeed.

Boss Guo had some ability, so he was able to get the news in advance and easily acquire the Morgan Center land. However, Yanjing was full of hidden dragons and crouching tigers, and his fancy moves were not enough.

If it was really that awesome, why would the Morgan Center project fail shortly after it started, and why would the government take back the development rights of the land a few months ago?

Moreover, this time it is related to the Olympics, and no one dares to intervene rashly. If Boss Guo is unable to resolve the troubles of the Morgan Center project, the higher-ups may really choose to take over the project by force.

In recent years, in order to prevent developers from hoarding land, a guarantee letter is signed when the land is acquired, which roughly states that construction and sales must start within the specified time. If there is a breach of contract, the government has the right to reclaim the development rights of the land.

Relevant policies have been formulated long ago, but for the sake of attracting investment or other factors, they are rarely actually implemented. Just like the large piece of land that Fan Wumian owned next to Shencheng Bay, he just made up an excuse that "the foundation is unstable and needs to settle naturally" to delay the start of construction for a few years.

Li Chaoren from Gangcheng also acquired a piece of land in Yanjing a long time ago, and acted like a dead pig that is not afraid of boiling water. Every time he was targeted by the media, he pretended to start construction for a few days, and then stopped construction again when the limelight passed. It was obvious that he was just speculating in land, and his behavior was much uglier than Fan Wumian's.

After all, the land next to Shencheng Bay was originally a mudflat.

Although it is possible to transport soil from other places and dig the foundation deeper, the cost will become extremely high, and there may be risks in building skyscrapers. It is indeed necessary to wait for natural settlement for a few years before starting construction.

Boss Guo started acquiring land in 2002, but the construction of Morgan Center was halted in 2003 due to a broken capital chain. He has had a lot of headaches over this project in recent years.

His funds were stuck in the Morgan Center project, causing him to miss numerous good investment opportunities. He now looked pained and asked:
"No way. The development rights have been returned to me. Can they be taken back again? I have spent 100 million or 200 million yuan in interest alone. The loss is too great. Recently, some investors have come to me to seek cooperation. We are in talks, such as Pan Shiyi. Mr. Pan, I just met him at the club some time ago and talked about joint development."

The executives of Aotou said with a serious expression:

"I can wait for you. Can the Olympics be rescheduled?"

"Everything else is going smoothly, but you've got a problem. In my opinion, instead of gambling on a future that has no shadow, it's better to just sell it off. That will save trouble for everyone, don't you think?"

"If we sell it to someone else, how much do you want? I need to ask clearly in advance so that I can talk to Mr. Fan and Mr. Ma about this. Mr. Fan has his eyes on the land north of the Olympic Village and plans to invest in building some high-end apartments. He should be more optimistic about the Morgan Center location."

Under the pretext of "for your own good", Boss Guo didn't notice anything unusual. He thought hard and struggled for a while before gritting his teeth and saying:

"Well, it's not that we can't talk at all. The second land auction last time sold for 17.61 billion yuan. I can give them a 9% discount, which means the transaction will be around 16 billion yuan."

The executive of Aotou was choked up and pretended to be surprised:
"You are so angry, and you are still thinking about making money? I really want to help you, and it's also a favor to myself. If you don't appreciate it, forget it. Boss Guo, think about it from another perspective. Now everyone knows that you are short of money for development. Even if you find someone to cooperate with you, won't they lower your price to the death?"

"If you're going to sell so much, I really can't help you negotiate. Penguin Group is so large that they want to invite them to move in anywhere. The cost of acquiring the land is only 3000 yuan per square meter at most, and they don't have to deal with so many troubles. Just rushing the construction period will cost a lot of extra costs, right?"

Boss Guo has recently found a lot of powerful investors, and has indeed been severely pressured to lower the price, so they all want to make drastic cuts.

Last time, someone was willing to invest 700 to 800 million and wanted to own a majority of the shares.

Originally, Boss Guo was ready to bite the bullet and agree to it, but unfortunately, the deal was not concluded in the end. The other party was worried that the Morgan Center project had too high a debt and too low a rate of return, and could not recover the cost. He was really annoyed, and coupled with the fact that the real estate market in Yanjing has soared in recent years, he has already made good profits. Boss Guo finally chose to give in and then told:
"Then let's do it all at once. The price is tentatively set at 14 billion. Please go and ask for me first. To be honest, last month Saoho's boss Pan Shiyi quoted me 11 billion, but I didn't sell it to him in the end."
Hearing that the price could be further reduced based on the 14 billion yuan offer, the executive of the Austrian Investment Project replied:

"Okay, I'll go there later and report to the higher-ups first. If we can't come up with a solution soon, I don't think anyone will be able to help you. Don't expect us to clean up your mess. We're short of money everywhere right now. We're already thinking about filling up the underground garage you dug and turning it into a park. At least when we take aerial photos of the Bird's Nest during the opening ceremony, we don't have to worry about being laughed at by people at home and abroad."

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Taking advantage of the opportunity of hosting the Olympic Games, Yanjing's urban upgrading expenses are expected to exceed 3000 billion yuan, mainly used for the improvement and upgrading of urban infrastructure such as subway line construction, airport expansion, road renovation, and environmental governance.

For example, the northern part of Houhai where Fan Wumian lives has recently been dealing with the problem of clutter. In addition to helping renovate the exterior walls of old houses for free, they have also been digging roads to build sewers, paving asphalt roads and sidewalks, etc. The expenses are huge, but not all of them were spent on the Olympics themselves.

In the face of this grand event, Boss Guo had no doubt that his Morgan Center project would become cannon fodder. The idea of ​​cashing out and leaving became stronger. He said:

"Then ask Mr. Fan and Mr. Ma first, or should I go with you?"

The executive of the Aotou project waved his hands and made an excuse:

"Forget it. I'm worried that if the negotiations fail, it will affect Penguin Group's plan to open a branch in Yanjing. Places like Shanghai, Lin'an, and Jinling are willing to agree to any benefits to attract investment. If they don't implement it as soon as possible, they will allocate land use rights to Penguin Group for free."

Ownership and usage rights are two different things.

If the Shanghai Stock Exchange really dares to give away the ownership of a good piece of land in Pudong, then Fan Wumian will immediately move the branch of Penguin Group to Shanghai Stock Exchange.

When it comes to business atmosphere, the Shanghai stock market is actually a little more intense, but given the size of the Penguin Group, the issues that need to be considered are no longer limited to business itself.

When Fan Wumian received the news, he first checked with Xiao Ma Ge, and they both felt that the offer of 14 billion yuan was too high.

Hearing that Mr. Pan from Saoho had given a quote, Fan Wumian even contacted Mr. Wang from Wanda and asked him to help inquire about it.

Mr. Wang told me on the phone:

"You don't need to ask about this. I know the details. In fact, I also paid attention to the Morgan Center, but the location is a bit awkward. There are too few residents around, so it is not suitable for building a shopping mall, so I gave up. It is still very good to use it as a residential building and office building. It is quiet and comfortable."

"It seems that the boss of Saoho did give an offer, but he was only willing to pay 11 billion. He didn't want to take on the bank loan of about 1.2 million. In addition, he still owed a lot of money to the builders, material suppliers, and private loan companies. Anyway, it was quite troublesome."

"If it doesn't take on any debt, I think it's worth around 12 billion or 13 billion. The cost of acquiring land in Yanjing is constantly increasing, office buildings are all going up in price, not to mention that the Morgan Center project has a lot of commercial housing."

Do what you do and love what you do.

In the real estate sector, traditional businessmen are generally good at making money from information, and Mr. Wang's ears are much more sensitive than Fan Wumian's.

After listening, Fan Wumian said politely:
"Okay, Boss Wang, I got it. Let's have dinner together next time when we are free. I really like those two paintings of "Pair of Swallows"."

Boss Wang laughed and said:

"As long as you like it, I have quite a few collections here. You can come and admire them when the time comes. If you like them, just take them away. I just want to trouble you with something, Boss Fan. My son's future is uncertain. If he doesn't have the ability to take over my job, can you take him to film a few movies? He has admired you for a long time and is particularly interested in the entertainment industry."

Fan Wumian's mouth twitched, thinking that he might be interested in the female celebrities in the entertainment industry, and said perfunctorily:

"It's a small matter. With Mr. Wang's ability, he can become famous after a few plays." (End of this chapter)