Wolf of Xiangjiang

Chapter 373 Property Planning

When Lin Zhengjie came to New York, he didn't just come for women, but also had business arrangements.

He convened a management meeting of Taifook Group (North America) to plan for next year.

Taifook Group (North America) is actually a large commercial real estate company, which is divided into five major systems, namely: Amazon Shopping Center (North America), Chelsea Group (outlet business), Taifook Commercial Management (office building), IndCor (industrial real estate), and Metropolitan Commercial.

The meeting begins.

Lin Zhengjie looked at his trusted subordinates and felt relieved. He began to plan: "Starting next year, we will once again buy the bottom of commercial real estate in North America."

The management team headed by Johnson, McDonnell, Pettit, Bob and others applauded. After all, they had avoided the financial crisis and were now wielding the "cash flow" stick to start their rampage.

Then Johnson calmly asked, "Boss, should we buy the approximate shares that we sold at the bottom? Or should we increase our efforts to buy at the bottom?"

Lin Zhengjie smiled and shook his head, saying, "That won't work. First of all, you can't buy at the bottom of the outlet business. The market prospects of this industry are almost at their end. Unless there are good new projects, there is no need to buy at the bottom."

The head of Chelsea Group, Petit, nodded and said, "I agree with the boss, especially with Simon Group entering this field. We have added a tough competitor. By the way, Simon Group will not suffer too much loss in this financial crisis, and it is expected that it will still have the strength to buy at the bottom."

The Simon Group was originally a shopping mall giant, but in the past few years it has been eager to diversify its development, that is, it hopes to enter the outlet, metropolitan commercial center and other models.

In fact, it was the Chelsea Group that made it possible for them to do so by selling them a batch of outlet stores, allowing them to become the third largest outlet company in the United States.

The Simon Group is a commercial real estate company that is good at utilizing REITs (real estate investment trusts) for development. To put it bluntly, funds can be raised from outside. They only need to maintain a good management model, and there will naturally be no shortage of investors.

Lin Zhengjie suddenly asked: "The American GGP real estate company should be close to bankruptcy!"

GGP, headquartered in Chicago, is a real estate management investment trust company that operates, develops and manages its retail and rental properties, mainly more than 200 shopping centers across the U.S. In terms of real estate ownership, GGP is the second largest shopping center operator in the U.S., second only to Simon Group.

If we only count shopping malls, Amazon Shopping Center can only rank in the top ten in the United States. However, if we count commercial real estate, Taifook (North America) is estimated to rank in the top five in the United States.

The United States not only has "Tyfollow (North America)", but also a Westfield Shopping Center from Australia, which is also a shopping center that has developed very well in the United States.

But unlike these commercial real estates, Taifook (North America) is not listed in the United States, nor does it use REITs (real estate investment trusts). It is just a pure foreign-funded commercial real estate company, but it employs local people.

Johnson, president of Taifook (North America), said: "Yes, we are watching closely. If it goes bankrupt, more than 200 shopping malls under its umbrella will become auction items."

Lin Zhengjie nodded and said, "So, if Amazon shopping malls continue to develop, I think it would be ideal for us to increase the number of shopping malls to 100 in the next three to five years."

The United States is a mature business environment, and shopping malls can be purchased ready-made. Even if they need to be renovated, it will not take long. Amazon originally had more than 70 shopping malls in North America, but it sold more than 50 of them before, and now it has to take the opportunity to expand by about .

If Amazon owns 100 shopping malls in North America and occasionally develops a large shopping mall, it will become an important shopping mall force in North America.

More importantly, the development of Amazon website will drive the development of Amazon shopping mall. Although the two are not closely related, Amazon shopping mall was established several years earlier, so there will be no trouble.

In fact, the name "Amazon" has a good meaning. Amazon has a rich variety of products, which means that the Amazon shopping mall has a large number of products. I'm afraid that the Amazon website was also like this in the beginning.

McDonnell, head of Amazon Shopping Center (North America), immediately said: "No problem, we will work in this direction."

Under normal circumstances, expanding fifty shopping malls in three years would undoubtedly be a pipe dream.

But now is the financial crisis, many shopping mall owners are in trouble, and selling their existing shopping malls is inevitable, including some fund trusts, which may also be sold off.

Therefore, when the opportunity comes, development will naturally be fast.

Next, Lin Zhengjie made arrangements for IndCor: "Next year, we will vigorously develop industrial real estate, using IndCor as an industrial real estate investment platform to own and operate industrial real estate projects in major regions of the United States, including warehouses and wholesale centers. These industrial real estates must be close to major transportation hubs in the United States and around the world, as well as large logistics warehousing/wholesale networks, etc."

Wheelock Group also does this business, but has not entered the United States. It mainly relies on the Asia-Pacific market, led by the mainland.

In fact, 'IndCor Company' was an industrial real estate company established by the Blackstone Group in 2010 in the previous life. However, in this life, Lin Zhengjie registered it first and developed it from 2004 to 2005.

The current financial crisis is a good time for IndCor to start expanding.

IndCor's president, Jie En, was originally weak, but when he heard that IndCor was going to be vigorously developed, he immediately said, "No problem. Although IndCor has not developed much in the past few years, our management team is very good and we will definitely not miss such a good opportunity now."

Who created this opportunity? It was their godly boss.

Lin Zhengjie nodded with satisfaction. Everyone’s fighting spirit was very high and Taifook Group (North America) was expected to achieve further development in the next few years.

Next, he instructed Taifook Commercial Management to continue acquiring office properties. There was no doubt about that.

In conclusion, Taifu (North America) needs to continue to develop without worrying about huge things. Commercial real estate does not threaten the United States, and the rate of return is not high, so it is not enviable.

Of course, if you take into account bargain hunting, the profit will be much higher, so you don't need to worry if someone is jealous. As long as it is not a critical area, the Americans will still let you make money.

In the past, Lin Zhengjie was worried that Taifook Group would become too large in the future, but now he no longer has this worry.

First, the market value of Taifook Group will certainly be much lower than its net asset value in the future, just like Cheung Kong Holdings in its past life;
Secondly, Taifook Group, Wheelock Group and Taifook Infrastructure Group will be separated in the future, because Lam will directly hold the three companies instead of dividing the parent and subsidiary companies (Taifook - Wheelock, Taifook Infrastructure). As a result, Lam's shareholding in the three companies will be diluted, probably to just over 30% in each company, and he will naturally increase his holdings later.

Therefore, it is not a big deal if Taifook Group has a higher asset value. Instead, it will provide a foundation for future generations - collecting rent.

The above are just commercial real estate in North America. Commercial real estate in Europe should not be underestimated. Of course, commercial real estate in Asia is also huge.

After planning the commercial real estate, Lin Zhengjie inspected his family office and branches of HarbourVest Investments. He felt at ease only when everything was stable and he could buy at the bottom.

On the last day, he still spent it with Mayawen and Meiyin. He was now somewhat enthusiastic about the new things that Meiyin brought him.

Their villa on Long Island is very large, close to the sea, and has its own yacht dock. The entire Long Island is very large, and it is where the rich gather in the United States.

The temperature in November in Long Island was already over 11 degrees, which was already a bit cold, so there was no need to go out to sea. The three of them played tennis on the court. Lin Zhengjie was the referee, and Ma Yawen and Meiyin were wearing sexy tennis clothes, hitting the tennis ball, and the game was hard to decide.

Meiyinmeiyin caught a ball, but it hit her big wave.

"Ah, Laura, you almost hit my child?"

Ma Yawen vomited blood and said dissatisfiedly: "Don't give me that. Even if you have a child, how old is it now? What's more, it was clearly hit on your big wave just now. I have it too, come and hit me if you have the guts!"

The conversation between the two women doesn't sound like that of successful women at all, but it's actually very normal. After all, they are on vacation and everyone can do whatever they want.

Mei Yin immediately said unconvincedly: "My husband's thing is really amazing. You are fifty-nine years old, and your physical strength is still so good!"

Mayawen said in a broken voice: "Don't you dare to yell at me? Is that your husband? He is obviously my husband. Be careful not to get used to calling him that, or you might cause trouble."

Meiyin looked at Lin Zhengjie and swallowed her lips. She was a girl who was in love recently, so there were some "oversteppings".

Lin Zhengjie didn't mind. He liked the younger version of Ma Yawen. It was like recalling the time thirty years ago when he had just gotten Ma Yawen. He regarded this woman's body as a treasure. It was truly a blessing for a man.

After playing tennis, the three returned to the villa. Lin Zhengjie sat on the sofa, hugging the two plump bodies on his left and right, enjoying it very much.

"This villa is great. It can be used as our base in the future!"

Meiyin turned around and said happily, "I also bought a villa on the beach in Pengcheng, in the mainland. It's very big. When you go to inspect it, you can come and stay!"

Mayawen is also full of hope. She can finally enjoy normal care from a man. Although she has to share it with others, it is worth it.

There was no way. This man had changed her body functions, so that at the age of 59, she still had the strong needs of a person in her early 40s. Only a strong sexual intercourse once a month could relieve her body functions.

"Um"

Lin Zhengjie agreed quickly, but whether he could do it or not was another matter.

After finishing his trip in New York, Lin Zhengjie took a private plane to Vancouver to meet his family.

At Joey Wong's villa, Lam Ching-kit also met with his sister Karena Lam and brother-in-law Zheng Binghai. Chow Hye-min also accompanied Lam Ching-kit.

As the founder of the "Lin Zhengjie Family Office" and the administrative director for many years, Zheng Binghai is one of the outsiders who knows the Lin Zhengjie family best.

But Zheng Binghai is a very good person and husband. He will not reveal a word about Lin Zhengjie's family affairs to anyone else, and remains absolutely loyal to Lin Jiaxuan in marriage.

Of course, Lin Jiaxuan also respected her husband very much. Not only did she complete the continuation of the Zheng family's bloodline (a son and a daughter), she also showed her feminine style in her career.

"Brother, I want to transfer the 1% of Taifook Group's shares in my hand to you!" Lin Jiaxuan suddenly said.

Lin Zhengjie was stunned and said with a smile: "What nonsense are you talking about? That's your dowry."

He would not say that Lin Jiaxuan was still a member of the Lin family, because from the moment she got married, she was a member of the Zheng family. At this point, Lin Zhengjie would also give Zheng Binghai face and inspect and tell his sister not to be so strong.

Lin Jiaxuan knew that it was useless for her to speak, so she signaled Zheng Binghai to speak.

Zheng Binghai said quickly: "Brother, this time you let us cash out when Husky is at its peak, and we cashed out almost 30 billion US dollars. This money is enough for our family's future life, so we think this 1% of the shares will be useful to you. After all, once Taifook, Wheelock, and Taifook Infrastructure are reorganized, your shares will also be diluted. Now is the time of the stock market crash, it is suitable for you to increase your shares. So we want to return it to you!"

The couple is very grateful to Lin Zhengjie, after all, he has given them so much wealth.

At the peak in early 2008, the market value of their Husky shares reached 48 billion US dollars, and the shares of Taifook Group were worth nearly 20 billion US dollars, making them one of the top ten richest people in Hong Kong. More importantly, Lin Zhengjie allowed them to cash out about 6% of Husky shares in advance, gaining more than billion US dollars in wealth.

Despite this, Lin Zhengjie smiled and said, "I only have one sister. Even if she marries your Zheng family, she is still my sister. Let's not talk about this matter. Your work is relatively easy now, so you can communicate more with the children. As for my increase in shares, I have plenty of money to buy them."

Currently, Lin Jiaxuan continues to serve as a director of Taifook Group, but has resigned as head of the hotel business; Zheng Binghai also continues to serve in Lin Zhengjie's family office, but has resigned as administrative head.

Lin Zhengjie's original intention was that he and his wife could still serve as "advisors and consultants" for the Lin family, but they would not have to work so hard.

"Thank you, brother, thank you, sisters-in-law."

Wang Zuxian and Zhou Huimin then said one after another: "Why are you thanking us?"

Lin Jiaxuan is a good person, and every sister-in-law will respect her. She said, "Of course you helped me take care of my brother and gave birth to children for the Lin family. These are all great contributions!"

But she knew that her brother cared most about the family.

Everyone immediately started chatting in a friendly manner, during which Lin Zhengjie said, "Binghai, you and your wife have money now, and you plan to settle in Canada in the future, so you can consider setting up your own family investment company and take advantage of the opportunity now to buy some fixed assets to facilitate family inheritance."

Although Zheng Binghai only has one son and one daughter, after all, Lin Jiaxuan got married late (30 years old), and later she was already an advanced mother, so it was not suitable for her to have a third child. But if one son and one daughter develop well, they can also prosper in the future, after all, they have money.

"Thank you for your advice, brother."

Zheng Binghai listened to him immediately. After all, he really had to listen to the advice of this elder brother. He only called him "brother" on special occasions, and basically called him "Mr. Lin".

The family had a very enjoyable chat. There was no barrier between Joey Wong and Chow Hye-min because they were the hostesses and of course they had something to talk about. Not to mention, they were worth tens or even hundreds of billions and could chat about investments.

Of course, Lin Zhengjie would not advise Zheng Binghai and his wife to buy stocks or anything like that. He just said that it is appropriate to buy global assets at the bottom now. As for what they should invest in specifically, that depends on their real ability.

I think it would be no problem for the two business elites. (End of this chapter)

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