Hong Kong's new giants
Chapter 772 [Never stop]
Chapter 772 [Never stop]
88th Floor, Two International Finance Center.
Lin Zuhui is sitting in the spacious office, looking up information on the Internet with an Apple laptop, and there is an Apple 5S on his desk.
He is an important shareholder of Apple, and currently holds 2.5% of the shares, worth about 120 billion US dollars; at the same time, his five women's companies hold a total of about 4% of Apple's shares; also, he The 'family office' bought around 1% of Apple shares in previous years.
So, he is also a fan.
As for his "son" Xiaomi mobile phone, Lin Zuhui also uses it, but as a work mobile phone, usually in the hands of his assistant.
Letting go of the mouse, Lin Zuhui leaned back on the chair and meditated.
If nothing else, from this year onwards, mainland companies are likely to go overseas one after another and acquire overseas companies aggressively.
Such a rush to sea will inevitably raise the prices of European and American assets, and it will be difficult to find cheap assets at that time.
Especially from 2015 to 2017, overseas assets have really increased in the past three years;
In 2018, trade accounted for a dozen, and the environment was even worse.
It can be said that if you want to acquire major European and American projects, this year is undoubtedly the best year.
at the same time.
The cash flow of New Era Group is still about 3500 billion Hong Kong dollars, which is still very sufficient.
Lin Zuhui's idea is to take advantage of the two years to make more acquisitions;
After 2015, finances began to tighten.
From 2016 to 2020, New Era Group can still 'save' a lot of cash flow;
The deposit of these funds is the future confidence of New Era Group.
Soon, Lin Zuhui had a plan!
4 month.
Lin Zuhui traveled to the United States by private plane.
In 2012, he ordered a large wide-body Airbus 380, intending to convert it into a second large private jet, which is expected to be delivered in 2015.
He is serious about spending money. After all, Bill Gates owns as many private jets and super yachts as Lin Zuhui.
In the large dining room of the plane, Lin Zuhui sat at the head seat, and on the left and right were two beauties full of exotic styles——Gu Li and Gu Lijia.
"Mr. Lin, the salary must be very high to be a private stewardess on your plane?" Gu Lijia looked at Lin Zuhui's private stewardess and asked curiously.
Lin Zuhui enjoyed the food slowly, and replied unhurriedly: "Why? Your sister is so rich now, so she didn't support you, sister, and you still want to be my private stewardess?"
Gu Li and Lin Zuhui have been together for almost three years, and they gave almost 2012 to [-] million RMB, almost all of which were used for real estate speculation in [-], and the value has obviously appreciated a lot now.
Gu Lijia said before her younger sister defended, "Of course she took care of me as a sister and bought me a house, but work is work and life is life. I used to be a flight attendant."
Of course, Lin Zuhui would not hire her as a stewardess, after all, there are many personal matters on the plane, and she cannot be known.The stewardesses on his private jet include beauties from Ukraine, Japan, and Singapore, but there are no Hong Kong and mainland ones, and these stewardesses are specially trained.
Gu Lijia is Gu Li's older sister, five years older than her, and also very beautiful. Lin Zuhui already has an idea in his heart.
As for Gu Li, Lin Zuhui believes that it is not a problem. Lin Zuhui is not only rich, but also has charm and strength. Conquering a woman is both physical and mental.Take Gu Li as an example, following Lin Zuhui, she met many sisters.
"The private stewardess is full, but you can stay with your sister first, and I will arrange for her to trade stocks and invest later. You can be an assistant or something."
Gu Li immediately said: "Yes, sister, why don't you come to my side and accompany me!" Without doubting him, Gu Li was still very naive.
But Gu Lijia has recently seen the real life and circle of rich people, and she has long been yearning for it, and immediately said: "Okay!"
Lin Zuhui put his hand on Gu Li's Qianqianyu and said affectionately: "Gu Li, I will give you 10 billion RMB later for stock trading."
It is inconvenient for him to speculate in mainland stocks, so he must need an agent.
"Ah!" The two women exclaimed at the same time.
Gu Li came to her senses, and quickly said, "Brother Hui, is it too much? Besides, I'm very good at stocks, and I lost hundreds of thousands!"
Lin Zuhui smiled and said: "What's the matter, I'm too busy with work, and I don't have much time to spend with you. So I plan to train you to speculate in real estate and stocks, and to invest in stocks. It's a relief. After the funds are given to you, I will personally guide you. Here are my instructions, and within five years, you will be promoted to a billionaire rich woman."
Gu Li immediately showed a trace of admiration!
"Brother Hui, I listen to you!"
At this time, Gu Lijia's heart was racing, and the words '10 billion' and '100 billion' were really shocking. As a flight attendant, she also met many rich people.But the rich man I saw today is the real rich man.
At the beginning, when her sister told her the truth, Gu Lijia hated iron for being weak. How could she be a rich man's lover because her sister is so beautiful!
When her younger sister told her that her partner was Lin Zuhui and that she was very rich, Gu Lijia quickly began to curry favor with her younger sister.The Internet is so developed, so you can know what kind of person Lin Zuhui is. He is the richest man in the world. The important thing is that the photos are very handsome.
And recently, she came to Xiangjiang with her younger sister for vacation, and only then did she know the world of the rich.
"Come on, cheers!"
Gu Li's two sisters both drank, and Lin Zuhui knew that Gu Li was a foreign female star who drank fragments in his previous life.
After dinner, Lin Zuhui brought the two girls to the recreation room.
"Guli, Gulijia, can you perform a dance?" Lin Zuhui hoped to see his ancestors take back the achievements of the West.
"Of course, brother Hui, we sisters are all good at dancing! But, you have to participate, we will teach you!" Gu Li said coquettishly, holding Lin Zuhui's arm.
This woman is really coquettish, but Lin Zuhui likes it very much, because of this, he feels that his mentality is only in his early 20s.
As the clan music played, the three immersed themselves in it, but to the surprise of the two women, Lin Zuhui's talent was very good.
"Brother Hui, you are amazing!"
"Haha, don't you know that Xiangjiang's Hong Kong culture is powerful. Not only people in the entertainment industry can dance, but many people in Xiangjiang have this ability. Of course, I don't know how to dance modern dance, but it is ballroom dancing. Master."
The Hong Kong culture has changed the Hong Kong entertainment industry. Traditional artists have long been eliminated. Now it is the world of Hong Kong idols. Even Tony Leung, Andy Lau, and Jacky Cheung, these king-level entertainers, have already become second-tier artists.
Jacky Cheung holds a concert and invites first-line idol groups, but not all of them will come, and the Internet is full of remarks about "giving face".
So now in the Hong Kong entertainment industry, actors can dance, which is very common.
When dancing with Gu Lijia, the eyes of the two met, and sparks were quickly sparked.
Although Gu Li next to her noticed something was wrong, she didn't stop it.
Of course, Lin Zuhui didn't rush to attack, but at the end, he picked up Gu Li by the waist and walked to the bedroom, leaving Gu Li with her heart tickled.
Manhattan, New York.
Fuli Group Headquarters.
Lin Zuhui and Lin Wenjie came to the meeting room. The father and son did not take a plane to the United States.
And Lin Zuhui brought Lin Wenjie here, naturally hoping to introduce him to the senior management of the Futura Group.
Before the Lehman crisis, Futura Group's net assets had reached about 700 billion U.S. dollars (including nearly 200 billion U.S. dollars in cash flow). Its subsidiaries include Amazon Shopping Center, Canary Wharf Group, Futura Real Estate and many other European and American real estate and related assets. .
After the Lehman crisis, Futura Group began to hunt for bottoms. Today, Futura Group's asset value has exceeded [-] billion U.S. dollars, and it is a full-fledged commercial real estate overlord.
However, Fuli Group is not listed separately, so there is no need to publish financial reports, but Europeans and Americans can clearly feel its existence.
For Futura Group to develop so smoothly, in addition to Lin Zuhui's outlook on the general situation, this group of foreign executives has contributed a lot.
And this group of foreigners are also very loyal to Lin Zuhui and do their best for the group. Lin Zuhui guessed that this is due to his personal charm.
Now, although Lin Wenjie will be replaced on stage, Lin Zuhui is still there after all, so there is no need to worry.
What's more, after the enterprise has formed a large scale, it has already formed a set of corporate culture and system, which is enough to restrict employees and management.
"Boss, Director Lin" the senior executives of Futura Group greeted one after another.
In their hearts, Lin Zuhui is a legend. Lehman sold assets before Lehman, and Lehman bought bottom after Lehman. It can be said that he is an extremely astute investor. At the same time, this boss is very good at management and management.
"Durr, Steven is very happy to meet you!" Lin Zuhui greeted everyone with a smile.
After a greeting, everyone sat down.
"I have read the information on IndCor. I think it is very suitable as an acquisition target. What do you think?"
IndCor, a subsidiary of the Blackstone Group, was established in 2010. After several acquisitions, IndCor owns and operates 1.17 million square feet of industrial real estate projects in major areas of the United States, including industrial warehouse networks and wholesale centers.
As the president, Doerr took the lead in saying: "This industrial real estate fund IndCor has only been in operation for 4 years, and its volume is already the largest industrial real estate fund in the United States, comparable to Duke Realty, an old American industrial real estate company with a history of more than 40 years. Important Interestingly, I got in touch with people from the Blackstone Fund, and they originally intended to conduct an IPO of IndCor to complete cashing out. If we intend to acquire, Blackstone Fund will not refuse, the key is the price.”
Will, the executive in charge of the 'Outlets' business, also said afterwards: "We have some business dealings with this fund. As far as I know, the cost of Blackstone Fund on IndCor is probably less than 60 billion US dollars."
Steven, vice president and president of 'Amazon Shopping Center' also said: "European and American real estate has been a little sluggish since the Lehman crisis, but since the second half of last year, many people have seen great hope. The potential is relatively large. Moreover, after we buy it, we can continue to use IndCor to carry out mergers and acquisitions of industrial real estate projects.”
Lin Wenjie was touched by the high-level executives expressing their thoughts and opinions one after another. From the eyes of these executives, he saw the respect for his father, and the discussion was very lively and full of vigor; This attitude is a kind of respect for the strong.
Alexander!
After listening to everyone's opinions, Lin Zuhui said decisively: "This is what we Chinese call 'the right time, the right place, and the right people'. There is a market prospect, Blackstone intends to sell, and our team is strong enough to manage IndCor. Well, the acquisition is decided. President Doerr, you form a team to formally contact Blackstone."
Dull nodded and said, "Okay, I'll take formal action right away!"
Lin Zuhui said with satisfaction: "Then you, Director Lin, will also participate in this acquisition case and keep in touch with everyone."
"Okay, Chairman!"
"Welcome Director Lin to join!"
Leaving Lin Wenjie in Fuli Group, Lin Zuhui left. He also hoped that Lin Wenjie would be familiar with these executives. After all, Futura Group is an important part of New Times Group's assets. to subdue them.
If Lin Wenjie takes office as president, he must have a good relationship with these.
It's not that elites like Doerr and Steven are hard to find, but that elites who are loyal to Lin Zuhui's family and New Times Group are hard to cultivate for a while.
The contact with Blackstone naturally does not require Lin Zuhui's participation. After all, such an acquisition may take several months, and it will not be realized in a short period of time.
The most important thing about this type of acquisition is the price, but for real estate assets, Lin Zuhui has always been more cautious in bidding. The important thing is to acquire IndCor, there will be no competitors, and it only depends on what price Blackstone is willing to sell.
As for the prospects of IndCor, or the prospects of industrial real estate, Lin Zuhui is very confident. With the rise of Internet shopping sites such as Amazon, the requirements for warehouse grids and wholesale centers are very high.
The important thing is that after IndCor was bought by Singapore's ProLogis in the previous life, only four years later, the Blackstone Group bought it back for 190 billion US dollars, becoming the world's largest single industrial real estate transaction project; and during the period, ProLogis It only spent more than one billion US dollars to purchase industrial real estate projects.In four years, it has doubled.
"IndCor has to buy properties like crazy," said Rene Circ, director of property research at CoStar in Chicago. "They only buy big projects."
IndCor官网上的公司新闻并不多,大部分的主题都是“收购”。仅以2013年为例:1月,一口气买下4个城市65万平方米的物业;2月,买下6个城市89万平方米物业;4月,13万平方米;6月,10万平方米……
Supporting IndCor's crazy expansion is Blackstone's sharp and bold investment vision. In 2010, when IndCor was established, it was the trough of industrial real estate. The value of industrial real estate purchased by many companies during the peak period in 2007 shrank sharply, which gave IndCor an opportunity to buy bottom.
For example, the 190 million-square-meter warehouse in California under IndCor, hailed by Bloomberg as its "crown jewel", was bought at a low price from Walton Street Capital LLC; in 2007, Walton Street Capital LLC bought it for $29 billion These warehouses were sold to IndCor for $2012 billion in 22.
While IndCor is growing step by step, the good days of American industrial real estate are gradually coming.With the growth of consumption, American companies, especially e-commerce platforms such as Amazon, have a growing demand for storage and other properties, which has exceeded the supply speed, followed by gradually increasing rents and decreasing vacancy rates.
From 2013 to the first quarter of 2014, the vacancy rate for U.S. industrial real estate fell from 8.83 percent to 7.9 percent, according to real estate services firm Colliers International, which also means that occupancy has risen each quarter. twenty three%.
Blackstone is eager to sell IndCor or raise funds for its new $130 billion flagship global real estate fund that it just launched not long ago. Selling IndCor will allow Blackstone to realize profits faster than IPO real estate funds).
Blackstone Group.
Blackstone President Stephen smiled when he heard that Futura Group intends to acquire IndCor.
Although there is still no evidence that the development momentum of industrial real estate will weaken, this is Blackstone, and assets will be released as soon as there are profits.
What's more, this is an acquisition from the Eastern Consortium, which is more conducive to selling at a high price.
(End of this chapter)
88th Floor, Two International Finance Center.
Lin Zuhui is sitting in the spacious office, looking up information on the Internet with an Apple laptop, and there is an Apple 5S on his desk.
He is an important shareholder of Apple, and currently holds 2.5% of the shares, worth about 120 billion US dollars; at the same time, his five women's companies hold a total of about 4% of Apple's shares; also, he The 'family office' bought around 1% of Apple shares in previous years.
So, he is also a fan.
As for his "son" Xiaomi mobile phone, Lin Zuhui also uses it, but as a work mobile phone, usually in the hands of his assistant.
Letting go of the mouse, Lin Zuhui leaned back on the chair and meditated.
If nothing else, from this year onwards, mainland companies are likely to go overseas one after another and acquire overseas companies aggressively.
Such a rush to sea will inevitably raise the prices of European and American assets, and it will be difficult to find cheap assets at that time.
Especially from 2015 to 2017, overseas assets have really increased in the past three years;
In 2018, trade accounted for a dozen, and the environment was even worse.
It can be said that if you want to acquire major European and American projects, this year is undoubtedly the best year.
at the same time.
The cash flow of New Era Group is still about 3500 billion Hong Kong dollars, which is still very sufficient.
Lin Zuhui's idea is to take advantage of the two years to make more acquisitions;
After 2015, finances began to tighten.
From 2016 to 2020, New Era Group can still 'save' a lot of cash flow;
The deposit of these funds is the future confidence of New Era Group.
Soon, Lin Zuhui had a plan!
4 month.
Lin Zuhui traveled to the United States by private plane.
In 2012, he ordered a large wide-body Airbus 380, intending to convert it into a second large private jet, which is expected to be delivered in 2015.
He is serious about spending money. After all, Bill Gates owns as many private jets and super yachts as Lin Zuhui.
In the large dining room of the plane, Lin Zuhui sat at the head seat, and on the left and right were two beauties full of exotic styles——Gu Li and Gu Lijia.
"Mr. Lin, the salary must be very high to be a private stewardess on your plane?" Gu Lijia looked at Lin Zuhui's private stewardess and asked curiously.
Lin Zuhui enjoyed the food slowly, and replied unhurriedly: "Why? Your sister is so rich now, so she didn't support you, sister, and you still want to be my private stewardess?"
Gu Li and Lin Zuhui have been together for almost three years, and they gave almost 2012 to [-] million RMB, almost all of which were used for real estate speculation in [-], and the value has obviously appreciated a lot now.
Gu Lijia said before her younger sister defended, "Of course she took care of me as a sister and bought me a house, but work is work and life is life. I used to be a flight attendant."
Of course, Lin Zuhui would not hire her as a stewardess, after all, there are many personal matters on the plane, and she cannot be known.The stewardesses on his private jet include beauties from Ukraine, Japan, and Singapore, but there are no Hong Kong and mainland ones, and these stewardesses are specially trained.
Gu Lijia is Gu Li's older sister, five years older than her, and also very beautiful. Lin Zuhui already has an idea in his heart.
As for Gu Li, Lin Zuhui believes that it is not a problem. Lin Zuhui is not only rich, but also has charm and strength. Conquering a woman is both physical and mental.Take Gu Li as an example, following Lin Zuhui, she met many sisters.
"The private stewardess is full, but you can stay with your sister first, and I will arrange for her to trade stocks and invest later. You can be an assistant or something."
Gu Li immediately said: "Yes, sister, why don't you come to my side and accompany me!" Without doubting him, Gu Li was still very naive.
But Gu Lijia has recently seen the real life and circle of rich people, and she has long been yearning for it, and immediately said: "Okay!"
Lin Zuhui put his hand on Gu Li's Qianqianyu and said affectionately: "Gu Li, I will give you 10 billion RMB later for stock trading."
It is inconvenient for him to speculate in mainland stocks, so he must need an agent.
"Ah!" The two women exclaimed at the same time.
Gu Li came to her senses, and quickly said, "Brother Hui, is it too much? Besides, I'm very good at stocks, and I lost hundreds of thousands!"
Lin Zuhui smiled and said: "What's the matter, I'm too busy with work, and I don't have much time to spend with you. So I plan to train you to speculate in real estate and stocks, and to invest in stocks. It's a relief. After the funds are given to you, I will personally guide you. Here are my instructions, and within five years, you will be promoted to a billionaire rich woman."
Gu Li immediately showed a trace of admiration!
"Brother Hui, I listen to you!"
At this time, Gu Lijia's heart was racing, and the words '10 billion' and '100 billion' were really shocking. As a flight attendant, she also met many rich people.But the rich man I saw today is the real rich man.
At the beginning, when her sister told her the truth, Gu Lijia hated iron for being weak. How could she be a rich man's lover because her sister is so beautiful!
When her younger sister told her that her partner was Lin Zuhui and that she was very rich, Gu Lijia quickly began to curry favor with her younger sister.The Internet is so developed, so you can know what kind of person Lin Zuhui is. He is the richest man in the world. The important thing is that the photos are very handsome.
And recently, she came to Xiangjiang with her younger sister for vacation, and only then did she know the world of the rich.
"Come on, cheers!"
Gu Li's two sisters both drank, and Lin Zuhui knew that Gu Li was a foreign female star who drank fragments in his previous life.
After dinner, Lin Zuhui brought the two girls to the recreation room.
"Guli, Gulijia, can you perform a dance?" Lin Zuhui hoped to see his ancestors take back the achievements of the West.
"Of course, brother Hui, we sisters are all good at dancing! But, you have to participate, we will teach you!" Gu Li said coquettishly, holding Lin Zuhui's arm.
This woman is really coquettish, but Lin Zuhui likes it very much, because of this, he feels that his mentality is only in his early 20s.
As the clan music played, the three immersed themselves in it, but to the surprise of the two women, Lin Zuhui's talent was very good.
"Brother Hui, you are amazing!"
"Haha, don't you know that Xiangjiang's Hong Kong culture is powerful. Not only people in the entertainment industry can dance, but many people in Xiangjiang have this ability. Of course, I don't know how to dance modern dance, but it is ballroom dancing. Master."
The Hong Kong culture has changed the Hong Kong entertainment industry. Traditional artists have long been eliminated. Now it is the world of Hong Kong idols. Even Tony Leung, Andy Lau, and Jacky Cheung, these king-level entertainers, have already become second-tier artists.
Jacky Cheung holds a concert and invites first-line idol groups, but not all of them will come, and the Internet is full of remarks about "giving face".
So now in the Hong Kong entertainment industry, actors can dance, which is very common.
When dancing with Gu Lijia, the eyes of the two met, and sparks were quickly sparked.
Although Gu Li next to her noticed something was wrong, she didn't stop it.
Of course, Lin Zuhui didn't rush to attack, but at the end, he picked up Gu Li by the waist and walked to the bedroom, leaving Gu Li with her heart tickled.
Manhattan, New York.
Fuli Group Headquarters.
Lin Zuhui and Lin Wenjie came to the meeting room. The father and son did not take a plane to the United States.
And Lin Zuhui brought Lin Wenjie here, naturally hoping to introduce him to the senior management of the Futura Group.
Before the Lehman crisis, Futura Group's net assets had reached about 700 billion U.S. dollars (including nearly 200 billion U.S. dollars in cash flow). Its subsidiaries include Amazon Shopping Center, Canary Wharf Group, Futura Real Estate and many other European and American real estate and related assets. .
After the Lehman crisis, Futura Group began to hunt for bottoms. Today, Futura Group's asset value has exceeded [-] billion U.S. dollars, and it is a full-fledged commercial real estate overlord.
However, Fuli Group is not listed separately, so there is no need to publish financial reports, but Europeans and Americans can clearly feel its existence.
For Futura Group to develop so smoothly, in addition to Lin Zuhui's outlook on the general situation, this group of foreign executives has contributed a lot.
And this group of foreigners are also very loyal to Lin Zuhui and do their best for the group. Lin Zuhui guessed that this is due to his personal charm.
Now, although Lin Wenjie will be replaced on stage, Lin Zuhui is still there after all, so there is no need to worry.
What's more, after the enterprise has formed a large scale, it has already formed a set of corporate culture and system, which is enough to restrict employees and management.
"Boss, Director Lin" the senior executives of Futura Group greeted one after another.
In their hearts, Lin Zuhui is a legend. Lehman sold assets before Lehman, and Lehman bought bottom after Lehman. It can be said that he is an extremely astute investor. At the same time, this boss is very good at management and management.
"Durr, Steven is very happy to meet you!" Lin Zuhui greeted everyone with a smile.
After a greeting, everyone sat down.
"I have read the information on IndCor. I think it is very suitable as an acquisition target. What do you think?"
IndCor, a subsidiary of the Blackstone Group, was established in 2010. After several acquisitions, IndCor owns and operates 1.17 million square feet of industrial real estate projects in major areas of the United States, including industrial warehouse networks and wholesale centers.
As the president, Doerr took the lead in saying: "This industrial real estate fund IndCor has only been in operation for 4 years, and its volume is already the largest industrial real estate fund in the United States, comparable to Duke Realty, an old American industrial real estate company with a history of more than 40 years. Important Interestingly, I got in touch with people from the Blackstone Fund, and they originally intended to conduct an IPO of IndCor to complete cashing out. If we intend to acquire, Blackstone Fund will not refuse, the key is the price.”
Will, the executive in charge of the 'Outlets' business, also said afterwards: "We have some business dealings with this fund. As far as I know, the cost of Blackstone Fund on IndCor is probably less than 60 billion US dollars."
Steven, vice president and president of 'Amazon Shopping Center' also said: "European and American real estate has been a little sluggish since the Lehman crisis, but since the second half of last year, many people have seen great hope. The potential is relatively large. Moreover, after we buy it, we can continue to use IndCor to carry out mergers and acquisitions of industrial real estate projects.”
Lin Wenjie was touched by the high-level executives expressing their thoughts and opinions one after another. From the eyes of these executives, he saw the respect for his father, and the discussion was very lively and full of vigor; This attitude is a kind of respect for the strong.
Alexander!
After listening to everyone's opinions, Lin Zuhui said decisively: "This is what we Chinese call 'the right time, the right place, and the right people'. There is a market prospect, Blackstone intends to sell, and our team is strong enough to manage IndCor. Well, the acquisition is decided. President Doerr, you form a team to formally contact Blackstone."
Dull nodded and said, "Okay, I'll take formal action right away!"
Lin Zuhui said with satisfaction: "Then you, Director Lin, will also participate in this acquisition case and keep in touch with everyone."
"Okay, Chairman!"
"Welcome Director Lin to join!"
Leaving Lin Wenjie in Fuli Group, Lin Zuhui left. He also hoped that Lin Wenjie would be familiar with these executives. After all, Futura Group is an important part of New Times Group's assets. to subdue them.
If Lin Wenjie takes office as president, he must have a good relationship with these.
It's not that elites like Doerr and Steven are hard to find, but that elites who are loyal to Lin Zuhui's family and New Times Group are hard to cultivate for a while.
The contact with Blackstone naturally does not require Lin Zuhui's participation. After all, such an acquisition may take several months, and it will not be realized in a short period of time.
The most important thing about this type of acquisition is the price, but for real estate assets, Lin Zuhui has always been more cautious in bidding. The important thing is to acquire IndCor, there will be no competitors, and it only depends on what price Blackstone is willing to sell.
As for the prospects of IndCor, or the prospects of industrial real estate, Lin Zuhui is very confident. With the rise of Internet shopping sites such as Amazon, the requirements for warehouse grids and wholesale centers are very high.
The important thing is that after IndCor was bought by Singapore's ProLogis in the previous life, only four years later, the Blackstone Group bought it back for 190 billion US dollars, becoming the world's largest single industrial real estate transaction project; and during the period, ProLogis It only spent more than one billion US dollars to purchase industrial real estate projects.In four years, it has doubled.
"IndCor has to buy properties like crazy," said Rene Circ, director of property research at CoStar in Chicago. "They only buy big projects."
IndCor官网上的公司新闻并不多,大部分的主题都是“收购”。仅以2013年为例:1月,一口气买下4个城市65万平方米的物业;2月,买下6个城市89万平方米物业;4月,13万平方米;6月,10万平方米……
Supporting IndCor's crazy expansion is Blackstone's sharp and bold investment vision. In 2010, when IndCor was established, it was the trough of industrial real estate. The value of industrial real estate purchased by many companies during the peak period in 2007 shrank sharply, which gave IndCor an opportunity to buy bottom.
For example, the 190 million-square-meter warehouse in California under IndCor, hailed by Bloomberg as its "crown jewel", was bought at a low price from Walton Street Capital LLC; in 2007, Walton Street Capital LLC bought it for $29 billion These warehouses were sold to IndCor for $2012 billion in 22.
While IndCor is growing step by step, the good days of American industrial real estate are gradually coming.With the growth of consumption, American companies, especially e-commerce platforms such as Amazon, have a growing demand for storage and other properties, which has exceeded the supply speed, followed by gradually increasing rents and decreasing vacancy rates.
From 2013 to the first quarter of 2014, the vacancy rate for U.S. industrial real estate fell from 8.83 percent to 7.9 percent, according to real estate services firm Colliers International, which also means that occupancy has risen each quarter. twenty three%.
Blackstone is eager to sell IndCor or raise funds for its new $130 billion flagship global real estate fund that it just launched not long ago. Selling IndCor will allow Blackstone to realize profits faster than IPO real estate funds).
Blackstone Group.
Blackstone President Stephen smiled when he heard that Futura Group intends to acquire IndCor.
Although there is still no evidence that the development momentum of industrial real estate will weaken, this is Blackstone, and assets will be released as soon as there are profits.
What's more, this is an acquisition from the Eastern Consortium, which is more conducive to selling at a high price.
(End of this chapter)
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