ays of Cooperation
"I have some ideas about the Independent, Your Highness the Duke."
"You can tell me whatever you have in mind, Laura."
After separating from the editor-in-chief of The Independent, he returned to DS Capital After entering the office, Barron encouraged Wang Wanting after hearing her words.
It is worth mentioning that Canary Wharf is very close to the City of London. It was originally rebuilt to solve the crowded office situation in the City. Due to the settlement of many financial, multinational companies and media, Canary Wharf has become a Known as the second financial city.
"Since Your Highness the Duke is planning to acquire The Independent, why not entrust this matter to a firm? After all, if it is a firm as large as the Big Four, it will have a better understanding of the financial situation of many companies..."
After hearing what Wang Wanting said, Barron understood many of her subtexts.
Don't be fooled by the so-called professional ethics of many European and American companies. In fact, when it comes to interests, they are more "flexible" than anyone else.
The most typical one is the "largest financial fraud case in history" that broke out last year, involving Enron's financial fraud amounting to US$60 billion.
In this incident, Enron used a series of fraudulent means to inflate its revenue and profits and deceive investors and regulators.
Enron's financial fraud was so clever that it not only deceived regulators and investors, but also deceived the company's internal executives and board members.
The person who helped Enron carry out "financial fraud" was Anxin Da, one of the "big five" accounting firms in the world.
However, after that, because the impact was too bad, Andersen's credibility was ruined, and the "Big Five" became the "Big Four"...
And HSBC, one of the largest banks in the UK, secretly leaked confidential customer information. It's not just once or twice...
Therefore, the meaning of Wang Wanting's words is that almost all firms now have the business of helping companies with mergers and acquisitions. At the same time, they are also responsible for the financial audit of many companies.
Moreover, during the acquisition process, the financial status of the target company needs to be audited. Hiring a firm to perform these tasks can be said to be a one-stop service.
Of course, the more well-known a firm is, the higher the commission it charges, but judging from the final results, these commissions are definitely worth the money.
"Then I'll leave this matter to you, Laura. Choose a firm and give me advice on acquiring The Independent. If it's suitable, you can contact the other party and start negotiations." ... "I have always been very
interested
. I look forward to having a frank conversation with you, Your Highness."
"That's why I'm here today."
To be precise, this is Barron's fourth meeting with Ian Butt, after getting information about King's Cross. After getting enough information, he was ready to have a good talk with the other party.
"Perhaps you have also heard the news about the King's Cross renovation plan, but I need to state that in any case, at this point, I have the goodwill to cooperate with you and your family in good faith, including the previous purchase of storage. The suggestion of the gas tank plot is also to help your family tide over the difficulties."
Regarding Viscount Bute's statement, Barron wisely did not pursue it further. By now, these are no longer important.
"And frankly speaking, regarding the renovation plan for King's Cross, although the Kenton District Government has submitted an application to the city council, it has not yet been finalized. After all, it involves funding for the construction of public areas, and no one knows what is needed. How long will it take? We can't have high expectations for their efficiency."
At this point, Ian spread his hands:
"It's very likely that we need to be prepared to wait a few years before starting construction on those plots."
"But In any case, in the face of the increasing shortage of office buildings and residential buildings in Greater London, the transformation of King's Cross is bound to need to be carried out, isn't it? This is the only place in London that can face major development."
Viscount Bute deeply agreed with Barron's words:
"I agree with this, which is why I bet on this."
"So if it is cooperation, how do you want it to proceed?"
faced Barron. Regarding the question, Viscount Bute said:
"Your Royal Highness, your family now owns a land of about 6 hectares with abandoned gas storage tanks. Although it is industrial land, in the entire King's Cross reconstruction plan, that land The location is relatively good. According to the information I have received, the entire King's Cross area reconstruction plan currently expected to cover will not exceed 30 hectares." "In the hands of
my partners and I, it is expected that the area will exceed 30 hectares. 10 hectares of land is within this range. Therefore, together we will hold more than half of the land in the entire King's Cross area transformation plan. If King's Cross Station and St. Pancras Railway Station are excluded, there are also government plans of public areas...it can be said that we have been able to occupy a dominant position in this transformation plan."
As far as Barron knows, the total area of land owned by Viscount Bute is only 5.5 hectares, and according to what he said, and what Barron obtained Information...
"Have you reached a cooperation with the Coal and Grain Merchant Guild?"
Faced with Barron's question, Viscount Bute showed a meaningful smile:
"You will know this after we reach a cooperation, Your Highness the Duke. "
Then tell me your cooperation suggestions, Lord Bute."
"Actually, there are two ways. The first is that your gas tank plot can maintain the independence of the transformation, join our alliance, and make progress and retreat together; second, Let's form a joint venture real estate development company together and allocate the shares based on factors such as the land value and the capital invested. In this way, this company has a great chance of becoming the general developer of the entire King's Cross area renovation plan, and can also Obtaining orders for the renovation of other areas, including public areas..."
Viscount Bute paused, looked at Barron and said:
"Considering the entire King's Cross area renovation plan, it will be comparable to the urban renewal plan of Canary Wharf. It may last ten to twenty years in stages, so I still suggest that your highness, the Duke, participate in our joint venture..." "
After all, whether it is negotiating with the government or surrounding residents' groups, a strong Only the whole can guarantee the interests of us landowners..."
Barron and his family did not have much experience in real estate development before, which is what he lacked at this time.
According to Viscount Bute, according to business analysis, the biggest economic benefits from the real estate renovation in King's Cross are the construction of office buildings for rent or sale, followed by high-end residential apartments, and the rest include shops and Other commercial facilities.
But the problem is that neither the government nor the resident groups in the area will allow them to build too many office buildings and high-end residences. They must control these within a certain proportion and provide a considerable amount of low-cost housing. Rent and other guaranteed housing.
The question arises. If landowners like them go their own way, then for the sake of economic interests, they will definitely be willing to build office buildings and high-end residential buildings. Who will be willing to build low-rent housing?
And if everyone rushes to pursue economic interests like this, the final transformation plan will inevitably be impossible to pass.
Therefore, it is the most acceptable way to unite various landowners - at least most of them, and distribute the transformation of these lands through shares.
No one will argue about which piece of land to build which building. There will be unified planning. The final benefits will be distributed according to the initial shares, and there will be no disagreements.
As for the landowners who say they don't want to join in?
That's easy to do. There is no need to force the other party. After leading the construction of this renovation plan, which plots will have more appreciation potential due to planning, and which plots will be built near low-rent housing, so that they are not suitable for building high-end offices. District and high-end residential conditions...
these can be adjusted by the joint venture company.
The data during the new book period is related to subsequent recommendations, so follow-up reading is very important. I beg you not to keep it all the time. If you feel that it is okay, read it every day to help increase follow-up reading. Thank you very much.