We're building a super chaebol in Hong Kong

Jardine Matheson, as the major shareholder of Hongkong Land, has its interests closely tied to those of Hongkong Land.

Therefore, deciding which properties to exchange requires not only the agreement of Hongkong Land but also that of Jardine Matheson.

And as long as Henry Keswick agrees, there will be no difficulties with Jardine Matheson.

After Henry Keswick and Bow Fuller went outside, they began to discuss the matter in hushed tones.

"Mr. Keswick, which location do you think would be good to exchange with them?" Bow Fuller chose to first seek Henry Keswick's opinion.

As the head of Hongkong Land, Henry Keswick naturally had a thorough understanding of Hongkong Land's properties.

So, after thinking for a moment, Henry Keswick said, "Judging from Mr. Su's words, he seems to prefer properties on the south shore of Victoria Harbour. Therefore, I have two suggestions: one is to exchange with the Lockhart Hotel Building in Wan Chai, and the other is to exchange with the Hongkong Land Freight Terminal in Sheung Wan."

Bow Fuller revealed an admiring look. As expected of the taipan of Jardine Matheson, he quickly came up with suitable solutions.

Considering Hongkong Land's current situation, these two locations on Hong Kong Island are indeed more suitable.

The Lockhart Hotel Building in Wan Chai is located almost as well as Central. The total area of the building is slightly larger than that of the Su Corporation headquarters. The entire building is owned by Hongkong Land. The reason why Henry Keswick suggested using this for exchange is because the business of the Lockhart Hotel has not been very good in the past two years. It can be said that it has been losing money every year. Although the losses are not large, it is still considered a non-performing asset of the Hongkong Land Group.

The Sheung Wan Hongkong Land Freight Terminal is even simpler. The development here has always been relatively slow because the area is full of merchants and warehouses, making it a distribution center for seafood products. With the development of the Kwai Chung container terminal, the old-fashioned terminals and warehouses in Sheung Wan and the Western District have gradually lost their significance. As a result, these freight terminals and warehouses are gradually being phased out, and some real estate developers have even begun to build commercial buildings here.

However, the location of Sheung Wan has not yet been planned by the Governor's Office, so the development here is relatively chaotic, with everyone developing on their own.

Therefore, in Henry Keswick's view, the location of Sheung Wan is not as good as Jordan.

In fact, the Hongkong Land Freight Terminal is not far from the westernmost part of Central. The two can be said to be neighbors.

For example, Tianhe's training base in Sheung Wan was originally a very large warehouse area, which has now been transformed into a training base.

If Su Cheng were to look at the Hong Kong map of later generations, he would definitely find that this Hongkong Land Freight Terminal is less than 900 meters away from the famous Hong Kong International Finance Centre.

In the future, there will also be tall buildings here, becoming an important part of Hong Kong's top skyline.

Of course, this will have to wait more than ten years.

The two quickly discussed the results and decided to follow Henry Keswick's suggestion. As for whether Su Cheng would refuse again, they could only wait and see.

However, in their opinion, if Su Cheng agrees, he would most likely choose the Lockhart Hotel Building, after all, it seems to have a better prospect.

The two returned to the private room again.

"Mr. Su, after Mr. Keswick and I discussed, we decided to give Mr. Su two more places to choose from. One is the Lockhart Hotel Building in Wan Chai, which is 15 stories high. Mr. Su should also know where it is. You usually pass by it when going from Central to the Hung Hom Cross-Harbour Tunnel. The valuation of the Lockhart Hotel Building is slightly higher than that of the Su Corporation headquarters building. If Mr. Su is willing to exchange, we can directly exchange with the Su Corporation, and the Su Corporation will no longer need to make up the difference;

The other option is the Hongkong Land Freight Terminal in Sheung Wan. Although the land price there cannot be compared with Central, our Hongkong Land Freight Terminal covers an area of 120,000 square feet, which is almost 8 times the land area of the Su Corporation headquarters building. Counting the value of the eight-story building above ground, the valuations of the two sides are also similar.

As long as Mr. Su agrees, you can choose either of these two places, and we will agree! In addition, we can also support Mr. Su to purchase the land in Central at a price of 2 billion Hong Kong dollars. It can be said that our sincerity is very high."

After sitting down, Bow Fuller began to state Hongkong Land's conditions.

After listening to Bow Fuller's words, Su Cheng was not in a hurry to make a decision, but said with a smile, "Gentlemen, let me make a call first."

After speaking, Su Cheng called the general manager of the Joyful Restaurant and asked him to bring a map of the Hong Kong urban area.

Three minutes later, the general manager of the Joyful Restaurant hurried in with a map of the Hong Kong urban area.

Su Cheng spread the map on the round table and quickly found the Lockhart Hotel Building and the Sheung Wan Hongkong Land Freight Terminal that Bow Fuller mentioned.

Under normal circumstances, because Su Corporation needs to have an office, it is definitely more suitable to choose the Lockhart Hotel Building. With a simple modification, the Lockhart Hotel Building can be turned into an office building, and compared to the office area of Su Corporation, the area of the Lockhart Hotel Building can be much larger. Even if Su Corporation continues to develop and grow, the office area of the Lockhart Hotel Building is enough to use.

However, Su Cheng is also preparing to take over the Federal Building and the Wheelock House under the Wheelock Group. By then, he can just give one of the buildings to Su Corporation for office use, and there will be no shortage of office space there.

Especially the Federal Building, which is not only located in Central, but also the tallest building in Hong Kong, with a building area many times larger than the Su Corporation headquarters building. With the current scale of Su Corporation, it only needs to give a part of the location to them for use, and the rest can still continue to be rented out.

Therefore, if there is really a plan to sell the Su Corporation headquarters building, for Su Cheng, the subsequent arrangements for Su Corporation are too simple.

After looking at the location map of the two places, Su Cheng then asked Xiao Ai to call up the Hong Kong urban area map of later generations in his mind.

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Comparing the two maps, just looking at those famous buildings, it is clear where Hong Kong will develop in the future.

The area of the Su Corporation headquarters building is less than 2,000 square meters. Su Cheng has thought about demolishing it and rebuilding a new building in the future.

However, with the small area of Su Corporation, it is basically impossible to build a very tall building. Building a building more than 100 meters high would be the limit.

Purchase other plots of land nearby?

The Duke's Building to the west does not need to be considered. The other directions are also densely packed with high-rise buildings, and there is no open space at all.

If you want to build a building on the original site of the Su Corporation headquarters and want to expand the area, the easiest way is to buy other buildings next to it, then demolish them, and merge the plots.

On the other hand, this Sheung Wan Hongkong Land Freight Terminal will actually become a passenger terminal in the future, and next to the terminal, two skyscrapers will be built—Shun Tak Centre and China Merchants Tower.

These two buildings can be regarded as Hong Kong landmarks. Hong Kong people traveling to and from Macau basically depart from here.

This location is beautiful!

Exchanging an eight-story building of more than 1,000 square meters for a plot of land in the core area of Sheung Wan with an area of more than 11,000 square meters is simply too cost-effective! (End of this chapter)