Hong Kong's new giants

After listening to Duer's detailed work report, Lin Zuhui nodded. He then named Steven, who was in charge of the 'retail real estate' business, who was the former president of 'Amazon Shopping Center' and now the vice president of Futura Group.

He has been with Lin Zuhui for a long time, and the two have established a trusting relationship, which is very solid.

"Steven, do you have a plan for the task of building a 'second growth curve' for the retail real estate business?"

Steven nodded and said: "The second growth curve of Futura Group's retail business, I think it can enter 'Outlets' and 'Metropolitan Shopping Center'."

Outlets is not a brand name. Outlets is the Chinese literal translation of English Outlets. It refers to a shopping center composed of stores selling out-of-season, off-shelf, and out-of-stock products of famous brands. Therefore, it is also called "brand direct sales". shopping center".It was first born in the United States and has a history of more than 100 years.In the early days, in order to deal with commodity inventory, some factories sent some surplus commodities and damaged commodities to employees, and opened warehouses for local sales. This was the earliest single-store outlet model.The role played by real estate developers is still "rent collectors", building [-] million outlets, renting the shops inside to factories for rent collection and management; therefore, outlets are also called "factory outlet centers" in the United States '.

In other words, the well-known "Outlets" in the mainland is not the brand of a certain company, but may be many real estate developers sniffing out the business opportunities of outlets, copying the Outlets in many cities across the country. Sri Lanka this exotic.

At present, Huaxia does not have an outlet, not even a single store; as for when it existed in the previous life, it is unknown, it seems that there should be a long time before it will appear.

After all, the mainland is now the era of retail real estate in which 'shopping centers' seize the 'traditional department stores'.

In the same way, the Metropolitan Shopping Center is not a brand, but a fashion shopping mall with the core value concept of "fast, popular, affordable and limited", where entertainment and fashion make up a large proportion.

Lin Zuhui nodded and said, "I think your idea is very good, but do you have a specific plan?"

Steven immediately said: "Yes! We have already set our sights on 'Chelsea Real Estate Company', which is a 'big Internet celebrity (translation)' enterprise in outlets. In New York, Los Angeles, Orlando, Las Vegas There are 31 brand discount villages around tourist cities, Japan and Mexico also have layouts... As for the Metropolitan Shopping Center, it will be reserved for the time being.”

Lin Zuhui said with satisfaction: "Okay, after collecting the detailed information about Chelsea Real Estate, let's discuss the acquisition plan... If the acquisition is finally reached and we digest 'Chelsea Real Estate', then we must continue to develop the outlets in North America. Sri Lanka Store. I remember that there are no outlets in Huaxia, and Futura Group can cooperate with New Era Commercial Management to enter Huaxia Outlets together.”

Steven admired the boss's long-term vision, and immediately said, "No problem, boss!"

Next, Lin Zuhui said: "The European and American economies have been adjusted, and the next five years will be an explosive period. I hope you can come up with an efficient expansion plan."

"Yes, boss"

Lin Zuhui nodded in satisfaction. He is naturally the best at real estate, and real estate is almost immune to political influence, unless it involves the residential sector.

Therefore, he plans to increase the net assets of Futura Group to more than 2007 billion US dollars in the middle of 1000 in this wave.

As for whether it will be easy to cash out "partial assets" at that time, Lin Zuhui is not worried at all.

Because he knows that in his previous life, Blackstone acquired a real estate company worth more than 2007 billion US dollars in 300, and then felt financial pressure or a sense of crisis, and sold more than 200 billion US dollars of properties in just two months; because most people have no crisis Consciously, after Blackstone released the news, the major real estate developers were like mad dogs, picking their favorite bones one after another.

……

A week later, Steven and others were ready to acquire the 'Chelsea Real Estate' program and materials.

The Chelsea property is a REIT (Real Estate Investment Trust) which means it has no 'owners' and as long as the price is right they will sell.

At this time, the ownership structure of American factory outlet centers has undergone dramatic changes. REITs dominate the outlet center market. Chelsea Properties, Tangle Factory Outlet Center, First Retail and Horizon Group own about 75% of the total leased area of ​​this market. %.

Among them, Chelsea Real Estate has a total rental area of ​​122 million square feet, and a total of 46 outlets around the world, with an average area of ​​2.65 square feet.

Lin Zuhui personally participated in this acquisition. After all, the value is in the range of 35 to 45 billion US dollars, and it is a new field. He also wants to take the opportunity to learn.

Before the acquisition, he said: "For this acquisition, we will adopt the loan model as much as possible. Although Futura Group still has a lot of cash flow in its accounts, after all, it still needs to develop in the future."

Doerr and Steven nodded. The next step was to adopt the loan model.

Steven said: "Okay, I will lead the team to negotiate the acquisition immediately."

For business negotiations, Steven feels that his side still has an advantage. After all, the United States has just recovered from the September 911 incident. If the price is reasonable, the REIT side will not hesitate.

And under the influence of his boss, he is very optimistic about the future European and American economies and the real estate industry, and he has an advantage in his heart.

……

Steven led the team and met with the REIT side of Chelsea Real Estate and the management of Chelsea Real Estate, and the two sides started the second negotiation in the conference room.

Judging from the previous negotiation, the REIT side intends to sell, just to see if the price can be higher.

As for the management of Chelsea Real Estate, they do not have the right to choose and decide, but they are also keen on the transaction, after all, it is good to enjoy the shade under the big tree.

Futura Group is well-known in the European and American real estate circles, but it is a star giant real estate group. Although it is backed by Chinese capital, its management is almost entirely composed of European and American talents.It is precisely because of this that this group has not been "acclimatized", and because of this, Lin Zuhui was named the best manager of the century.

"Mr. Will, we are very sincere about the acquisition of Chelsea Properties. This time we have brought a new offer, which is worth $42 billion (including debt). According to the market's valuation of Chelsea Properties, this has yielded more than 10% premium."

Will, the person in charge of the REIT, was still dissatisfied with the offer, and said: "You seem to have not calculated the additional price of the enterprise. Chelsea Real Estate is currently the No. 1 outlet in the world and is still expanding. If the price is too cheap, we will Why not continue to develop and sell at a higher price!"

Steven smiled and said: "We can't buy the current assets at the future price!"

After a confrontation between the two parties, they were more sincere, but in the end they could not reach an agreement on the price.

……

After Lin Zuhui learned the result of the second negotiation, he thought about it and said to Steven: "Although Chelsea Real Estate is the No.1 outlet, the No.2 Tangle Factory Outlet Center is very close to his premises , even No.3's 'First Retail' is not far behind."

As a general who has followed him for many years, Steven is not only loyal (sourced from the mysterious charisma of personality), but more importantly, has outstanding abilities. He quickly understood what Lin Zuhui wanted to express.

"Boss means that we will try to contact the Tangle Factory Outlet Center before releasing the news?"

"It can be like this, but we have to negotiate with Chelsea Real Estate at the same time. After all, public opinion will not make a decisive contribution, but can only be used as a boost. As for the price, we can continue to make concessions."

Sometimes buying assets is like this, you can't miss a good asset because of its tiny value.

Steven understood Lin Zuhui's meaning and said, "No problem, this time the negotiation is actually making progress."

Lin Zuhui nodded and said, "I won't participate in the follow-up, the power is in your hands!"

"OK, BOSS"

Whether it is expensive to buy or not, in fact, he, the boss, can't decide. After all, he wants to buy it, but he is not directly involved in the acquisition.Therefore, the price is controlled by executives such as Steven.

All these years of working together have established enough trust.

Of course, things like this are also somewhat unpleasant, but not in Lin Zuhui's company, but in Li Chaoren's company; it is said that before Ma Shimin left, Li Chaoren was somewhat dissatisfied with Ma Shimin's high price for Husky back then, of course this is the media's fault reports.

As for whether Lin Zuhui was dissatisfied with his subordinates during the negotiations, he can tell himself that he has never been dissatisfied or even cared about it; what's more, he feels that his subordinates have saved him a lot of money. The premium will be more, after all, with a long-term vision, on the contrary, it will not save the current point.

……

Sure enough, in the third negotiation between Futura Group and Chelsea Real Estate REIT, the two sides quickly reached a transaction intention.

The reason why it went so smoothly was that Futura Group agreed to purchase at US$43.8 (including debts). Although this price is still [-] to [-] million US dollars away from the REIT side, they are not unacceptable;

Secondly, I heard that Futura Group was in contact with the Tanger factory direct sales center, and the REIT side was also worried that the deal would be completely void;

Finally, of course, the European and American economies are not particularly clear at this time, and the price can be sold if the price is profitable.

……

Futura Group's 'high-profile' entry into the Outlets was quickly reported by the US media. Some media once again described Lin Zuhui as the 'American real estate tycoon'.

Of course, it is not Lin Zuhui's original wish to be high-profile, but as the leader of the outlets industry, 'Chelsea Properties' naturally attracts attention; and Futura Group is also the overlord of the industry, and its every move has attracted attention.

Fortunately, the commercial real estate sector is almost immune to political influence, unless the relationship between the two countries is particularly hostile.In the previous life, during the period from 2015 to 2017, Z-funded enterprises spent 100 billion US dollars a year to purchase commercial real estate in the United States.At present, American real estate investment companies such as Lehman are also investing heavily in China's real estate industry.

In Lin Zuhui's mind, real estate is the core of New Era Group's core, as long as the group's debt ratio is low, it is a safe rent collector.

As for before 2020, Lin Zuhui will only cash out part of the real estate, and will not clear it out on a large scale.

Chapter 728 [Crazy Media Group]

mid-December.

The Hong Kong Trade Development Council released a research report titled "Cultural Industries in Hong Kong" to assess the contribution of cultural and creative industries to Hong Kong's economy.

The report pointed out: [As of March 2002, Xiangjiang’s cultural industry employed more than 3 employees, accounting for 20% of Hong Kong’s employed population; the total export value of cultural industries in 8 reached 2001 billion Hong Kong dollars, accounting for 950% of Hong Kong’s total service exports. %; in the same year, the output value of the cultural industry was 95 billion Hong Kong dollars, accounting for about 1600% of Hong Kong's gross local output value.Compared with the 10.5% of the cultural industry in the UK, Xiangjiang has become a culturally strong area.

The cultural industry is not only a manifestation of its own high value, but also drives Hong Kong's tourism, retail and other fields. It has an impact on the entire Hong Kong economy that is no less than trade and finance, and has become one of the three pillars of Hong Kong's economy. 】

Once the report was reproduced by the media, the citizens of Xiangjiang felt a sense of honor spontaneously, and immediately thought of the media group as a giant 'cultural technology group'.

Sure enough, the media group subsequently released a semi-annual financial report, pointing out that in the first half of 2002, the media group's turnover reached 230 billion Hong Kong dollars, and its net profit exceeded 60 billion Hong Kong dollars, and it will stably exceed [-] billion Hong Kong dollars in profits within the year.

For a while, the stock of the media group bucked the trend and rose.

"The media group is really powerful! The game industry made a profit of 8.5 million Hong Kong dollars in the first half of the year. Isn't it necessary to obtain a net profit of more than 17 billion Hong Kong dollars for the whole year? Are there so many people playing games in Xiangjiang?"

"What do you know! Xiangjiang's game industry is the dominant position in the world, and the game software is exported to occupy an absolute share. Let me tell you, there is a very powerful online game "Paradise" in South Korea. The media group’s online games include "Legend of Hot Blood", "Miracle MU" and "Ragnarok". In the first half of the year, it released two casual online games "Adventure Island" and "Bubble Hall". Online games such as "Audition" and "Martin Car" will be released in half a year. Produced by Ninth City, it must be a high-quality product. 2400 million Hong Kong dollars. What's more, there are other PC games and console games revenue."

"I met a knowledgeable person, are you a game fan?"

"nonsense!"

There is a lot of discussion among the media groups, from the game industry, the entertainment industry, to the Internet and the media industry, and they are making efforts one after another, ushering in a year of skyrocketing growth.

"Kung Fu Panda's box office in the US is 2 million US dollars, Xiangjiang is 4500 million Hong Kong dollars, and the mainland has reached 8000 million RMB... I heard that this cartoon is invested and participated in the production by DreamWorks. I am afraid it will earn 1 million US dollars. !"

"There is no problem with US$1 million, and what the media group is best at is developing peripheral products. The income brought by this movie to the media group is far more than US$1 million. How much money "Teenage Mutant Ninja Turtles" made back then can be earned by "Kung Fu Panda" More than double, because the copyright still belongs to DreamWorks."

"My God, Mr. Lin Zuhui really knows how to invest. No wonder he bought a yacht worth 20 billion Hong Kong dollars without blinking his eyes."

"Why are you blinking? The world's richest man has a net worth of more than 5000 billion Hong Kong dollars, which is the combined wealth of the top ten richest people in Hong Kong."

"No way, is it the sum of the top ten richest people? Doesn't that mean he earned all the money in Hong Kong!"

"Others earn money from abroad, how can Hong Kong support so much wealth?"

"Yes, Lin Zuhui is a world businessman, of course he is making money from the world."

With the development of the cultural industry, Hong Kong's economy will usher in a positive growth of more than 3%, and it is expected to usher in the US$2100 billion mark next year.But there is still a difficulty - SaS will have an impact on Hong Kong's economy, so this goal may be achieved in 2004.

Of course, the Xiangjiang stock market opened a wave from 12500 points a few days ago.

……

Lin Zuhui brought Li Jiaxin and his two sons to the Panda House in Ocean Park.

I saw a crowd of people here, and a large Kung Fu Panda was erected at the door, which was very eye-catching and attracted people to take pictures with their cameras.

The two pandas in Ocean Park, An An and Jia Jia, were given as gifts in 1999. They have always been the favorites of Xiangjiang residents, and these two pandas live a very good life.

Lin Zuhui knew that the pandas in Xiangjiang only lived to be 35 years old, which is equivalent to 105 years in humans.It can be seen that Xiangjiang is still taking good care of it.

"Baba, look at Kung Fu Panda!" He and Li Jiaxin's youngest son said excitedly, pointing at the Kung Fu Panda.

Lin Zuhui nodded with a smile, feeling in his heart that while the cultural industry brought him high profits, it also brought him honor and pride.

This investment in "Kung Fu Panda" not only made a lot of money, but also gained honors, which is very worthwhile.

"Lin Sheng, you are really bringing honor to the people of Hong Kong. Kung Fu Panda has become a thing of Hong Kong!" A tourist recognized Lin Zuhui and said happily.

"It's all thanks to my colleagues, and besides, the panda belongs to China!" Lin Zuhui said modestly.

At this time, many people saw Lin Zuhui, but they didn't come up to do anything directly, they just looked at Lin Zuhui and Li Jiaxin curiously.

As for his and Li Jiaxin's two sons, Lin Zuhui specially told them to wear baseball caps, and the bodyguards will also pay attention to the possibility of being secretly photographed.

Of course, this is just a normal precaution, and there is no need to worry about it even if it is photographed.

Going alone with the two sons is a rare interaction throughout the year, which increases the relationship between father and son.

At present, the Lin family has not yet had a situation where the father is not loving and the son is not filial.

While playing, Lin Zuhui also started to observe Ocean Park, where you can see "caricature images" belonging to Xiangjiang, such as Pikachu, Conan, Luffy and other dolls.

This is the periphery of Xiangjiang's comic industry, which drives the development of the entire tourism industry.The current operating conditions of the Ocean Park are not bad, and it should be much better than in the previous life. There is a decisive influence of the cultural industry.You must know that in the previous life, in 2003, Xiangjiang Ocean Park had already declined. In the end, Sheng Shiwen (the father of Lan Kwai Fong) became the chairman of Ocean Park, and then the management began to improve.

I don't know how much influence Ocean Park will have after this SAS. Unknowingly, Lin Zuhui always likes to consider Xiangjiang's public affairs. Although he declined all public positions, he is always concerned about Xiangjiang's future.

Therefore, next year he may still promote Sheng Shiwen to serve as the chairman of Ocean Park, so as to drive the tourism industry of Xiangjiang Ocean Park.

Xiangjiang’s animation industry is very developed, and it has also generated a lot of peripheral benefits. Xiangjiang has a number of animation experience exhibition halls invested by Wanhui Comics, including Pikachu Pavilion and Conan Pavilion.

……

ATV Center, Variety Show Video Building.

On both sides of the 'Star Road to Work', fans and reporters gathered.

Two nanny cars stopped, and a group of young girls came out, and the fans went crazy immediately.

"Girls' Generation"

"Forever Girls' Generation"

"geegeegeegeebabybabybaby"

"Girls' Generation, five consecutive championships, come on!"

For a while, the atmosphere of the scene reached its peak.

It turns out that since Girls' Generation debuted last year, it has become a popular Hong Kong group and has won many honors and achievements.

But, that's not a big deal. Girls' Generation released a mini-album in July this year. With the title song "GEE", they were out of control. There will be more champions.

At present, Xiangjiang has two music playing programs, ATV's "Music Music" and TVB's "Golden Songs" (revised), so as long as you win the championship of one of the programs every week, you will add a "consecutive championship"; Two, add 'two consecutive championships'.

It seems that Girls' Generation's current 'four consecutive championships' is easy, but it is actually very difficult:

First of all, in the first few weeks of playing songs, they may not be able to compete with the previous groups, because this score's "sound source" accounted for a large proportion of sales;