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Published at 25th of December 2023 05:17:51 AM


Chapter 292: [Changjiang Center is attracting investment! 】

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Chapter 292【Yangtze River Center is attracting investment! 】

After four years of construction, the Yangtze River Center commercial complex is finally basically completed!

The first thing Wu Guangyao did when he returned to Hong Kong was to inspect the Yangtze River Center.

Take the Star Ferry from the island’s ferry terminal, and you can see several tall buildings erected in the northeast of Tsim Sha Tsui at a glance, that is, the Yangtze River Central Commercial Complex;

is also Tsim Sha Tsui, and even the earliest and largest complex of high-rise buildings on Hong Kong Island.

The only disadvantage is that the center of the Yangtze River is not at the position of Blue Chimney, but a little bit northeast of Blue Chimney;

To put it bluntly, it is not at the ‘tip’ position in Tsim Sha Tsui.

Of course, the location is a little bit closer to the ‘tip’. Hereafter, the Shangri-La Hotel is also located.

Kowloon has an airport, so the height is limited. The building complex in the center of the Yangtze River is only about 16 to 18 floors, but the volume is indeed very large.

The entire building complex is a series of connected comprehensive commercial buildings. The Yangtze River Center has two office buildings (16 stories high), two high-rise hotel buildings (18 stories high), two serviced residences, a six-story shopping mall and a parking lot. The total floor area is 2.51 million square feet.

Wu Guangyao took a group of people to linger in the center of the Yangtze River, full of sense of accomplishment!

"How is the investment promotion work going on?" Wu Guangyao asked the Three Musketeers around him.

"The preparatory work has been completed, and we are ready to attract investment soon!" Shi Jun said.

"Remember to make the momentum bigger. This is not only a milestone in the real estate industry on Hong Kong Island, but also a milestone in the world's commercial architecture. It deserves to be promoted." At this time, Wu Guangyao was quite happy.

"kindness!"

Wu Guangyao then asked about the price of rent. After all, the Changjiang Center is a property that only rents but does not sell, and rents are of great importance.

"How much is the rent per square foot of the office building?"

"0.5 Hong Kong dollars per square foot per month!"

Wu Guangyao calculated in his mind that the two office buildings totaled 600,000 square feet; if the full lease is in the state, the monthly rent can be 300,000 Hong Kong dollars, and the annual rent can reach 3.6 million Hong Kong dollars.

"How much is the hotel rent?"

"HK$0.4 per square foot per month, this price is quite favorable, because it is a long-term rental and the owner of your hotel, so this price is less than 70% of the normal price!" Shi Jun specially emphasized, for fear that Wu Guangyao thinks this is in Pit the owner's hotel.

is still a bit expensive, a hotel building is 500,000 square feet, the annual rent is 2.4 million Hong Kong dollars, and two are 4.8 million Hong Kong dollars.

"What about the price of a residential apartment?"

"HK$0.15 per square foot per month!"

The two houses are 500,000 square feet (900 houses), and the monthly rent can be 75,000 Hong Kong dollars, which can reach 900,000 Hong Kong dollars a year.

"What about the store price?"

"2.5 Hong Kong dollars per square foot per month!"

The shopping mall is 400,000 square feet in total, and the monthly rent is 1 million Hong Kong dollars, which can reach 12 million Hong Kong dollars a year.

According to this calculation, the Yangtze River Center, which is fully rented, has an annual rent of 21.3 million Hong Kong dollars.

However, it is impossible to rent a full rent. 80% status is already very good.

At this time, Wu Guangyao's estimated price for the Yangtze River Center was 250 million Hong Kong dollars; because of the appreciation, even if someone offered 500 million or 1 billion Hong Kong dollars, Wu Guangyao would not sell it.

came to the vicinity of the two hotels and found that the hotel has been renovating;

After all, half a year ago, the team of Star Hotel Management Company came to Hong Kong Island to start preparations for two hotels.

"Mr. Charles, doing things cleanly and neatly. It is estimated that the two hotels will be open within a year. By then, you will be the ‘hotel king’ of Hong Kong Island, the boss." Li Xing said with a smile.

"It's a bit too early to say this. After all, the Peninsula Hotel is the signature of Hong Kong Island and has a deep heritage." Wu Guangyao was humble, but the Peninsula Hotel will only have the heritage in the future.

On the bottom line, the Ritz-Carlton is more profound. In the future, dignitaries and celebrities may not choose the Ritz-Carlton.

I believe that the appearance of two hotels will definitely have a huge impact on Peninsula Hotel!

Who told that the old man did not listen to his advice and never opened a Chinese restaurant at the Peninsula Hotel? It is terrible!

Walking in the center of the Yangtze River for a long time, Wu Guangyao left with unfinished talent.

For the Yangtze River Center to truly open, it will take at least half a year, and there will be preparations for investment promotion and decoration.

However, a good meal is not afraid of being late!

The Yangtze River Center is attracting investment, and it has stirred up huge waves on Hong Kong Island. After all, commercial entities are unheard of in this era, not to mention the huge building complex that attracts countless eyes.

A large number of people come to the center of the Yangtze River every day, either curious or inquiring.

"What is the rent for your shops here?" a clothing store owner asked.

"2.5 Hong Kong dollars per square foot, there is a half-year trial period, and the trial period only costs half the price!" the staff introduced.

"What? Why is it so expensive? The price is the price of a store in the central area of ​​the island. You dare to ask for this price in a place like you!" The businessman almost cursed.

"Sir, Kowloon is a tourist area. The number of people in the last year was as high as 150,000. After we opened here, it is the most prosperous place in Kowloon. Countless tourists flock to it. It is definitely not lower than the passenger flow in the Central District. You may not To understand the meaning of the business entity, I will explain it for you."

The businessman listened to the explanation of the staff, and suddenly realized that this is really interesting!

"Is there a half-year trial period? Can I choose not to renew the lease after half a year?" This is the real reason why the businessman dared to give it a try. The half-year trial period only costs HK$1.25 per square foot. It's a bargain.

"Of course, we at Cheung Kong Holdings are confident that we will make this a shopping paradise in Kowloon. After half a year, you can choose to stay."

"Then take me to choose a store!"

The target of investment in the Yangtze River Center is major objects such as department stores, clothing, jewelry, watch shops, retail, cosmetics, restaurants, coffee shops, and hundreds of shops of various sizes.

Wu Guangyao's companies all moved in, Uniqlo, Armani, Valen Tiannu, Lao Fengxiang, etc., gave priority to the best location.

Zheng Yutong came to the Yangtze River Center and, under the leadership of the staff, came to the shopping center to select shops.

At this time, although Chow Tai Fook Jewelry does not have a diamond license, it is already selling diamond jewelry; the source is probably high-priced diamonds purchased at De Beers’ London headquarters.

From the perspective of Zheng Yutong, he can naturally see the potential of the Yangtze River Center commercial complex, so he came to choose shops;

After all, if the Yangtze River Center really gathers tourists here, wouldn't it make Lao Fengxiang jewelry make money?

"Miss, which shop did Lao Fengxiang Jewelry choose?" Zheng Yutong asked suddenly.

If you are next to Lao Fengxiang jewelry, will it be better? Zheng Yutong thought at this time.

"Sir, the jewelry stores in the Yangtze River Center cannot be close together, and I really don't know which store Lao Fengxiang chose for jewelry."

Zheng Yutong didn't get annoyed after hearing this, and chose a favorite shop.

As for the decoration, Yaocheng Decoration, a subsidiary of Cheung Kong, is in charge of the decoration. The internal decoration is almost uniform, but tenants can give some suggestions.

Many real estate developers came to visit the Yangtze River Center commercial complex, and they couldn’t help but feel a sense of admiration. This complex of buildings is so grand and beautiful!

After watching Keswick, the chief executive of Hongkong Land, a sense of tension arose. The strength of Cheung Kong Holdings is so strong that it has already posed a threat to Land.

Land, although there are many properties in the Central District, they are basically undeveloped, or are just 6- to 8-story high-rise buildings; compared with high-rise buildings such as Yangtze River Center, it immediately pales in comparison.

(End of this chapter)




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