I Have 100 Million Stores

Chapter 337 Super-large urban comprehensive commercial complex

"Hehe, I didn't expect it to be the commercial complex of Qianda Plaza in Sansha City!"

Looking at the content on the paper, Cao Xingyu muttered to himself, and a smile unconsciously appeared on his face.

There is no doubt that this is in line with the requirements in his mind.

At present, the system map only fully opened up Sansha City, so only the assets of Sansha City are valuable to him.

Because from the current point of view, in addition to the fixed commercial street requirements for the shops operated, [the real estate industry] has no limitations, as long as it is in Sansha City.

As for the commercial complex of Qianda Plaza in Sansha City, Cao Xingyu is naturally familiar with it. He went there a few times when he was in college, and I have to say that the place is really lively.

This commercial complex is located in the bustling Hedong Kaiyuan District of Sansha City, adjacent to Sansha Avenue in the north and Shajiang Avenue in the south.

It can be seen from the road names that these two avenues are the main roads of Sansha City.

Not only that, the commercial complex is also adjacent to the river, close to the Sansha River and enjoys unlimited river views, and can overlook the out-of-print natural scenery of Yueshan Mountain in the distance. In addition, there is direct access to the No. 1 and No. 2 lines in Sansha City, and the transportation is extremely convenient.

It can be said that the location of this commercial complex is excellent, and the location advantages are self-evident.

This is one of the latest new landmarks created by Sansha City and the Xie Group in recent years.

If Cao Xingyu remembered correctly, this Qianda Plaza was the only project of the Xie Group in Sansha City. Later, it seemed that the Xie Group had a debt crisis, which led to the stagnation of many investments in central cities.

It is worth mentioning that this commercial complex is not only Qianda Plaza.

It is composed of Qianda Plaza, Qianda Wenhua Hotel, Qianda International, Qianda Wenxuan Mansion and so on.

In short, it is a collection of business (shopping mall), residential area, office building, high-end hotel, entertainment and leisure (international cinema/video game) as one.

Covering an area of ​​more than 200 acres.

It is a super large urban comprehensive commercial complex.

The residential part was already sold out a few years ago.

When it comes to housing, we have to start with the business model of the Xie Group in the early years, that is, to 'sell' and 'rent'.

It is true that the main business of the Xie Group is commercial real estate, and it is true that it earns long-term profits by renting out self-owned commercial stores, but there is an obvious flaw in this aspect, that is, "money comes too slowly".

Although the rent is paid quarterly, semi-annually or annually, it may be acceptable to ordinary investors, and this is indeed a profitable business.

But for the Xie Group, this money simply cannot support their expansion.

To put it plainly, the rent collection model is only a long-term profit direction. The longer the time, the more you will earn.

But if you want to expand, it is definitely not feasible to rely solely on rent, and you must seek other projects that can pay back quickly.

So based on this, around Qianda Plaza as the core, there will definitely be supporting large-scale residential quarters, office buildings and other properties for sale in the surrounding area.

After all, as for real estate, only by selling it can you get a huge amount of money back and make amazing profits.

At the same time, it can complement each other with Qianda Plaza and enhance the value of each other.

Think about it, if there are houses around the mall, will it increase the popularity of the mall?

And there is a large shopping mall next to the house, which is another great selling point, which can make the house sell better and faster.

The Xie Group has grasped these key points very well, so that each of their properties can be sold out in a very short time, which is much shorter than the sales cycle of ordinary real estate projects.

This is actually the third-generation model of Qianda Plaza.

Compared with the pure business model of the first and second generations, which is based on the pure Qianda Plaza, the third generation is more mature and has the characteristics of urban landmarks.

Of course, there is a fourth generation of Qianda Plaza, but it is no longer called Qianda Plaza, but Qianda City, also known as Qianda Cultural Tourism City.

Compared with the third generation, which can be called super large-scale with millions of square meters, Qianda City has directly doubled this basis, starting at least three to four million square meters.

This can no longer be called an urban commercial complex, but a large-scale cultural and tourism project!

It's just that there are not many fourth-generation stores, and there are only a dozen in the country.

The ones that are really popular across the country, the Qianda Plaza that people often see and often mention, basically belong to the third generation of products.

Looking back, the Hsieh Group was able to continue to expand this model after collecting most of the funds from the sale of residential and office buildings around Qianda Plaza through the sale of maintenance and rent.

Then there is continuous copying, rapid siege, increasing the area of ​​​​the Qianda Plaza they hold in their hands, and increasing heavy assets.

These are the standardized models of the Xie Group in the asset-heavy era. The current Qianda Plaza in Sansha City is the product of the Xie Group a few years ago.

The reason why Cao Xingyu knew this was because he had studied Qianda Plaza for a while before.

Withdrawing his thoughts, Cao Xingyu focused his eyes on the content on the paper.

"5 Qianda International Grade A office buildings, with 48 floors above ground and two floors underground, each floor is 4,000+ square meters, with a total construction area of ​​1.01 million."

"The Xie Group owns 2 of them, and the other 3 buildings hold nearly 50% of the area, and the other 50% of the area has been sold."

"A total of 670,000 square meters are self-sustained."

"The current market price of the office building is 12,000 square meters, and the comprehensive package discount price is sold at 10,000 square meters, with an estimated value of 6.7 billion."

"In addition, considering the overall sale premium of the two self-owned buildings, the estimated value is 7 billion."

"Remarks: The asset has an existing bank 10-year operating loan of 2.5 billion."

"Deducting loans, the final valuation is 4.5 billion."

After reading the first asset listed by the other party, Cao Xingyu pondered.

His first feeling was that the price

A bit inflated!

Although the form stated that it was estimated at a price that was 2,000 lower than the market price, but .

"Qianda Plaza's third-generation model, the residential and office buildings in it should be sold at that time to collect funds."

"Right now, the other party is still holding more than 60% of the area. This is an obvious problem in itself!"

If Cao Xingyu remembers correctly, in each model of Qianda Guangcheng, the self-owned properties of the Xie Group are generally Qianda Plaza, the twin Qianda Movie City, Qianda Family Series, etc., and at most one more Qianda Hotel!

Like office buildings, they are generally the same as residential buildings, and the main purpose is to sell them as soon as possible to collect funds!

This is also one of the main forces in the sale, maintenance and rent!

Moreover, self-sustaining office buildings is not something that the Xie Group will do, and the leasing of this kind of commercial office buildings is not an area that the Xie Group is good at!

"But there are so many self-sufficient here. Either there is some strategic purpose, or it can't be sold"

In this regard, Cao Xingyu is more inclined to the latter.

After all, if there is any strategic purpose, then there is no need to use it as a bargaining chip at this moment!

"Although Sansha City is a provincial capital city, it has developed quite rapidly in the past few years, but its background is still several grades behind those super-first-tier coastal cities. This is an indisputable fact."

"From the aspect of commercial office buildings, we can see one or two. In real big cities like Beijing and Shanghai, they are all towering buildings, and they are clusters of large-scale buildings. Sansha City is There is no such scale at all, not to mention the scattered office buildings, and it is impossible to form a large business district in the absolute sense."

Regarding commercial office buildings, Cao Xingyu has seen a research report before.

It is said that the total amount of Grade A office buildings in Sansha City has reached 3.62 million square meters, and it is still growing by an average of 600,000 square meters every year.

This is only the total amount of Grade A office buildings. If Grade B and Grade C are included, the total amount will be even more astonishing!

However, the real demand in Sansha City is not so high.

Taking Grade A office buildings as an example, the vacancy rate has reached about 51%!

More than half of the area is vacant.

Obviously, the market is oversupplied!

In addition, Sansha City is a city that prefers to enjoy life and entertainment. Local residents are not keen on real estate speculation, or investment in real estate. Everyone prefers to live in the present. This is due to the city's attributes and the environment made out of.

In this regard, it can be seen from the fact that Sansha’s housing prices have been stable among the top three provincial capital cities in the country. You must know that Sansha’s GDP and per capita income rank among the top among provincial capital cities.

Such a strong contrast has made Sansha City top the list of the happiest cities many times.

It can also be seen from this that in the hottest era of real estate speculation, the residents of Sansha City were not interested, let alone buying that kind of commercial office building.

After all, the average house price in Sansha City is only 11,000. If you have money, you might as well buy this kind of house. The final return on investment will be higher than buying commercial office buildings. After all, the vacancy rate of commercial office buildings is too high. You can figure it out.

Therefore, Cao Xingyu believes that these commercial buildings held by the Xie Group will most likely not be sold!

Then I had no choice but to hold it in my hand!

This is also a kind of price without market.

It's just a price tag, and no one wants to buy it.

At this moment, Cao Xingyu suddenly understood why Sansha only had one comprehensive commercial complex, Qianda Plaza.

Because the market is there!

"Valuation is 7 billion, after deducting the 10-year operating loan of 2.5 billion, the final valuation is actually 4.5 billion."

In a super first-tier city, a slightly larger office building might cost this price.

But in Sansha City, at this price

Thinking of this, Cao Xingyu withdrew his thoughts, looked at Xie Jianlin, and said with a smile:

"Mr. Xie, is the 4.5 billion price of Qianda International estimated too high?"

"Hehe." Hearing this, Xie Jianlin, who knew that he had already entered the price negotiation stage, smiled and said, "Is it high? This kind of rare self-sustaining Grade A office building is rare, and the location is excellent. Its value should not cost me. Can you explain more?"

"And we have already discounted the market price, which has shown the greatest sincerity of our Xie Group."

"If it weren't for your company's sincerity this time, we don't want to take out these assets."

"Um, is this still sincerity?" Hearing this, Cao Xingyu couldn't help laughing and said:

"The market price is 12,000 yuan per square meter. Perhaps the price listed outside is indeed this price, but someone must buy it?"

"The demand for commercial office buildings in Sansha City is not high, and almost half of the Grade A office buildings are vacant. I think the occupancy rate of Mr. Xie's buildings should not be high, right?"

"In this situation of oversupply, buying or even renting out may not be guaranteed. How many people would be willing to spend money on this?"

"I have lived in Sansha City for so many years, and I know the market in Sansha City well. Mr. Xie, it's okay to fool others with your words, but in front of me, forget it."

"And as far as I know, Mr. Xie and your Xie Group don't have the habit of holding their own commercial buildings. Can I understand that these assets can't be sold at that time, so they can only be put in their hands first?"

"Judging from the fact that you only hold about 50% of the area of ​​the other three buildings, you still sold some of them at that time, but still did not sell more than half."

"So I reckon it should be similar to my guess."

"Hehe." After hearing these words, Xie Jianlin raised his eyebrows quite unexpectedly.

He thought it would go well this time, after all, the other party was just a young man, so he shouldn't be very good at these things.

But I didn't expect that the other party had already accurately grasped the problem just by taking a look.

And also know their Xie Group very well!

It's no secret that the Xie Group seldom owns commercial buildings, but people who don't pay attention will still not know this.

However, Xie Jianlin didn't feel any panic. Since it was a negotiation, he must have calculated all aspects. The other party can accurately see that the valuation is a bit high, so it is naturally included in the calculation.

"The vacancy rate problem you mentioned may exist in other office buildings, but we, Qianda International, do not have this problem." Xie Jianlin said with a smile:

"After all, these buildings of ours are located in a good location, and the surrounding supporting facilities are more complete, and Linjiang in the city center is also very representative, and is quite popular with those financial companies."

"At present, among the five office buildings, the occupancy rate far exceeds the average level of Sansha City, reaching more than 80%."

"Of course, you are right about one thing. We did not sell all of them before. It was indeed affected by the buyer's market. Sansha City does not have a high incentive to purchase commercial assets."

"But later, with the completion of the entire commercial complex and the gradual improvement of the surrounding supporting facilities, the value of our commercial buildings has increased a lot compared to before."

"It's just that as the settled companies stabilize, we have no idea of ​​selling them anymore."

"Oh? Really?" Hearing this, Cao Xingyu smiled noncommittally.

Naturally, he would not believe everything Xie Jianlin said.

He doesn't believe in at least 80% occupancy rate.

Either it is exaggerated.

Or it is that most of the 80% are used by the Xie Group themselves.

In short, the demand for this kind of high-end office buildings in Sansha City cannot be so great, and the vacancy rate of more than 50% is definitely not groundless.

It's just that Cao Xingyu didn't bother to care about so much.

Because, he really likes this asset in his heart!

Not counting the three self-supporting 50% of the area, just the two self-supporting high-end office buildings.

The location is good and the location is good. If it can be assigned under the name of Shiwang Group, then for a long time in the future, Shiwang Group will not have to think about the issue of the office area anymore!

That's totally enough!

Quite practical!

It can even be said that it solved a big problem of Shiwang Group once and for all!

Therefore, Cao Xingyu felt that even if the other party quoted a higher price, it didn't matter.

"Mr. Xie, I'll take a look at the one below." After Cao Xingyu smiled, his eyes turned to the paper in his hand.

The second asset listed by the Xie Group:

"Qianda Plaza has a construction area of ​​235,000 square meters, four floors above ground and two floors underground."

"There are 513 shops in total."

"Occupancy rate 100%"

"A quotation of 3 billion."

The third asset:

"Qianda Wenhua Hotel, super five-star standard, 32 floors, complete facilities, a total of 412 rooms of various levels."

"A quote of 1.5 billion."

After reading it, Cao Xingyu probably recalled it a bit.

That's exactly 9 billion?

Thanks for the 1666 coins of "Red Dust Wanli Road", 100 coins of "Happy", 100 coins of "Different Ji", and 100 coins of "Huajiao and Neighbors"!