Chapter 787 Real Estate
The next morning, Zhou Buqi went to the city.
This was the first time he showed up to talk about the land with the leaders. All the heads of the city participated in the talks, and it was basically a decision.
Ziweixing ceded 260 mu of land in exchange for 375 mu of land.
After the exchange is completed, within a week, relevant departments will help to change the nature of the 375 mu of land from commercial land to residential land.
Then, Ziweixing can use this residential land to go to the bank for a loan, and can get 1.2 billion yuan. Then use the remaining 650 mu of commercial land as a loan to get 300 million yuan.
In other words, a total of 1.5 billion yuan can be borrowed.
It would be nice for Ziweixing to use the loan again for real estate development.
The relevant details were not discussed in detail at the meeting. They mainly talked about the significance and nature of the state support this time, and expressed their expectations and concerns for Ziweixing. Go on the road of innovation and live up to the trust of the party and the people.
By this stage in 2007, the situation in the technology circle has become increasingly clear.
Lenovo is no longer a god-like company, and its momentum and status in the capital has been faintly surpassed by Baidu. It's just that Baidu is a private enterprise, and its corporate treatment is worse than Lenovo's.
Ziweixing is different.
Ziwei Star has Baidu's momentum and status, as well as Lenovo's policy support and government preferential treatment.
Definitely a first of its kind.
What moved Zhou Buqi even more was that the attitude of the leaders did not take credit at all. I hope that Ziweixing will keep a low profile, keep this support plan secret, and make the accounts clear and not give foreigners any excuses.
To operate in a low-key manner, the development of real estate projects must be separated from Ziweixing.
A market economy requires fair competition.
Referees can't help, at least on the surface.
Boss Cao of Fuyao has expressed emotion many times, saying that the country and the government have given him too much kindness, and he cannot be ungrateful and must stay in China instead of immigrating to the United States.
In his previous life, Zhou Buqi was a small boss. At the peak of his wealth, his wealth was less than 10 million, and his level was not enough. He was very skeptical, thinking that Boss Cao was very suspicious of flattery. Doing business legally, creating jobs, creating tax revenue, what kind of kindness are you talking about? It's so bullshit.
In this life, he has reached the top level and can be regarded as a national-level entrepreneur. Only when you have experienced it yourself can you truly empathize with it, and you will understand many things.
That was really a heartfelt statement.
After the meeting in the city, Zhou Buqi went directly to Wantong to find Boss Feng.
In recent years, Vantone's momentum has been relatively weak.
It's not that he's not strong enough, it's that Boss Feng is concerned, he already has enough money, and he doesn't want to be like many real estate entrepreneurs who frantically hoard and rob land, and keep doing real estate development.
For him, earning more money is no longer meaningful. He is now busy writing a book and biography, writing down his business experience over the years, and passing it on to the next generation.
As for the company, it is enough to develop two or three projects every year and maintain basic operations.
He "rushed" to do Ziweixing's real estate project, not for making money, but because he wanted to participate in Ziweixing's development process, which was considered a small achievement. I also want to help my little brother and see how far this kid can go.
Ziweixing does not do real estate development.
It was Vantone who contracted the past, all the business was done by Vantone, and the name of the community was Vantone's brand, and 10% of the sales was taken as the contracting fee.
The profit margins of mid-to-high-end high-rise communities are generally relatively high.
For ordinary communities, the gross profit rate is around 25%, and for high-end high-rise communities, the gross profit rate may reach 45%.
Wantong only takes 10%.
In fact, it is to earn an errand fee to help the little brother.
When I went to Wantong, Boss Feng had already come up with a basic design plan and set up a real estate sand table with a large table, with a spacious layout and lush greenery.
There are more than a dozen high-rise residences, during which there are fitness equipment, main roads, squares, small gardens, etc., and several villas are lined up among them.
"How is it?" Boss Feng smiled, "I just made it."
Zhou Buqi was slightly surprised, "It's so beautiful! It's a high-end community!"
Boss Feng waved his hand, "It's not high-end, it's mid-range. Real rich people don't buy villas in this kind of place."
Then, he brought a basic document and handed it over.
Property right period: 70 years
Floor area ratio: 2.76
Greening rate: 35
Total households: 2000
Construction area: 300,000 square meters
Area: 200 acres
A total of 12 high-rise residential buildings and 10 combined villas are combined. There are two main streets, 6 squares, central leisure green space and other buildings in the residential area, as well as 17,000 square meters of community gardens and 30,000 square meters of river leisure corridors. ...
The material is very detailed.
Basically, everything is ready, and work will start when the loan is received.
Zhou Buqi said in surprise: "Is this all ready? The efficiency is so high?"
Boss Feng said with a smile: "Wantong has two projects this year, one in the first half of the year and one in the second half of the year. The second half of the year is in Jinmen. There is plenty of time, and I will come out after playing golf for a while."
People on the Internet generally don't like golf, and Zhou Buqi is the same, uh... If he goes to the Hong Kong government to play a few golf balls with female celebrities, he is still quite interested, and it can be regarded as a tribute to his predecessors.
"Huh? Is this the first phase of the project?"
"Yes, why don't you write it? It covers an area of 200 mu, and there are 175 mu left."
"Why?"
"No Money!"
Boss Feng spread his hands.
For this real estate project, Ziweixing will not take a penny, and it is impossible for him to use Wantong's cash flow. After all, it is not a direct line project of his own, and it is of a helping nature.
After the loan of 1.5 billion yuan arrives, we can only carry out the first phase of the 200 mu of land.
The second phase of the project can only be started after the pre-sale money arrives or a further bank loan is obtained after the building is completed.
Zhou Buqi nodded, "It's good enough."
Boss Feng smiled and said: "You have made a lot of money from this business. The land you cut out is in a good location, but it is a commercial land, and the price is not too high. If it is auctioned, it will be 300 million yuan. In exchange If this land is converted into residential land, if it is auctioned...the starting price will be 3.5 billion. If someone wants to speculate on the price to snatch the land, it is not surprising that the price reaches 5 billion or 6 billion."
"Well, this is an agreement with the city. The support this time is mainly to help us build the headquarters park. The investment plan of the headquarters is 6 billion, and the support amount is about the same."
"6 billion... The first phase of the project has almost earned back."
Zhou Buqi's eyes lit up, "Really?"
Boss Feng said: "Simple calculation, the construction area is 300,000 square meters, the house price is 35,000 square meters, and the total sales are 10 billion. Vantone takes 1 billion, tax deduction is 3 billion, and there are just 6 billion left."
Zhou Buqi curled his lips, "There is still a loan of 1.5 billion not counted!"
Boss Feng smiled and said, "The second phase of the project."
"Um."
Zhou Buqi is well aware of what's going on here.
In the first phase, Ziwei Star can earn 6 billion, and in the second phase, it can earn about 5 billion. After deducting the loan of 1.5 billion...there is still 3.5 billion, which is equivalent to a net profit.
This money is outside the government support plan.
According to the calculations of the relevant departments in the city, if Ziweixing develops this land for real estate, it will earn about 6 billion yuan, which just covers the cost of building the headquarters.
It is equivalent to the headquarters park built by the government to help Ziweixing.
After all, the construction of Ziweixing's headquarters is of great significance, which is equivalent to helping the city to do a good job of infrastructure, attracting investment, and building the image of the region.
Calculated, Ziweixing can earn 3.5 billion... Then I have to thank Boss Feng, he didn't kill customers. On the contrary, he gave Ziwei Xing a great preferential treatment.
If it is a normal business cooperation, this money should be the profit of the real estate developer.
Of course, there is also an "employee housing plan".
Ziweixing wants to give outstanding employees a discounted price to buy a house, and the profit they get...may be around 3 billion.
Zhou Buqi was very satisfied with this wave of operations, and at the same time expressed his gratitude to the support of the city and Boss Feng's generosity, "Well, I don't understand real estate development. If you think it will work, then let's do it this way."
"If you think it's okay, work can start at the end of the month."
"Uh...don't worry, wait for my news, keep it secret for now."
"Um?"
"There is still a little trouble in the company that has not been resolved, and I have to deal with it."
...
Nie Caijun met representatives of IDG and Jinshajiang in a small meeting room and had a serious conversation.
Said that Ziwei Star will not repurchase any shares.
The company is embarking on a number of large projects, and will launch three "ten billion plans". Two have been launched so far and a third will be launched in September. Moreover, the Ziweixing Research Institute was established, and Boss Zhou wanted to buy a private jet... All of these need money.
Ziwei Star does not have the ability to repurchase shares.
Investors are stupid.
Want to buy a private jet?
Never seen such a loser!
This week is so unreliable!
However, the shares in the hands of such early investors cannot be sold at will. How much to sell and who to sell to must be approved and licensed by the board of directors. There is only one way to forcibly give up shares, and that is divestment.
If you withdraw capital, you will have to vomit blood.
With Zhou Buqi's group of prodigals, a loss of 50% is considered small.
Fortunately, Nie Caijun didn't block the road, "I recently found an investment company that is willing to take over the shares in your hands."
IDG's investors were very excited, "Really?"
"right."
"All shares?"
"Yes, both of you can continue."
"good!"
"But there is a discount."
When he said this, Nie Caijun was a little guilty. This was the biggest interest demanded by Boss Zhou in the past month. After working hard for more than a month, I always want to earn some hard money.
The investors of IDG seemed to have expected it a long time ago, and asked calmly, "How much is the discount?"
Nie Caijun said indifferently: "25%."
The investor of Jinsha River immediately slapped the table and was furious, "Impossible!"
So bullying!
Nie Caijun was not in a hurry, took a sip of water slowly, and said calmly: "You have only two options, first, divestment. Second, according to the requirements of the board of directors, transfer the shares to our approved investment institutions, 25% discount. Oh, yes, there is a third way, you can hold it for a long time, but... you will not enjoy any rights, and you will not be able to see any meeting records and financial statements.”
After speaking, he got up and left.
When he reached the door of the small meeting room, Nie Caijun turned his head and said kindly: "By the way, our boss has a bad temper. He said he would give you three days to think about it. After three days, the negotiation will be terminated. I advise you to come early." Make a decision, goodbye."
