Chapter 342: One Shot Crashes You
With the participation of a professional real estate team, the progress of the Vancouver real estate market has immediately accelerated.
Gu Biao didn't explain the reason for the long-term judgment to Huo Shao.
There are some things, even if the other party is willing to keep them secret, it is unnecessary to explain too much.
The reason why the other party believes in him is more because he believes that he will not joke with his real money - in the final joint venture ratio, the two sides have accumulated 800 million US dollars, Gu Biao's side even has its own funds with bank financing, a total of 500 million, and the Huo family 300 million.
Of course, Huo Shao believed that Gu Biao's 500 million would really want to earn a little back, so as long as Gu Biao's money went in, they would bet on it.
Within a week, Richmond and Bonnaby, two of Vancouver's most subdued neighborhoods with the most convenient public transportation and the most downtown neighborhoods, each had about 10 blocks of units.
Comparatively speaking, the Sori district, which is close to the U.S.-Canada border, and North Vancouver, a wealthy area near Mid-levels in the northern suburbs, have been relatively weak in the impact on the property market. As for the suburban towns in the upper reaches of the Fraser River, such as Maple Ridge, the capital of Gu Biao and the Huo family will not be touched.
As mentioned earlier, the core urban area of Vancouver is very squarely planned, and a residential block is 200 by 200 meters, 10 acres, one or two hundred single-family/townhouses, and 5 million dollars can bulldoze such a block.
Ten blocks each of Richmond and Bonnaby were swallowed up, and about $100 million in capital was spent on the joint venture.
It's scary to spend so much money in real estate in one week. If it weren't for people with strong capital and strong psychological quality, maybe they would all be shaken.
After getting so many houses and land in a short period of time, the property market in Vancouver finally has obvious short-term fluctuations, and then trying to close the house will lead to an overall increase in housing prices, such as at least a 30% premium over the original daily listing price.
So Gu Biao and Huo Shao decided to slow down the pace a little.
At this time, another advantage of Gu Biao's layout is reflected, that is, they bought houses that were relatively cheap in the original city center - you read that right, they are cheap houses in the city center.
Because before the emergence of the Xiangjiang fugitive wave, the traditional real estate values of Canadians were that houses in the city center were cheaper and the suburbs were more expensive.
For example, in the '80s, houses in downtown Vancouver were cheaper than in Maple Grove, a suburban town 20 kilometers from the city center on the upper Fraser River. But in the 2010s, in places like downtown Richmond, a 120-square-meter apartment could rise to $800,000, but Maple Ridge was still only $300,000.
Comparatively speaking, that's three times more downtown home prices than Maple Ridge!
The reason for this situation is also the difference in values between Canadians and Chinese.
Chinese people feel that the more convenient the transportation, the more expensive the housing price should be, for example, the domestic later generations advertised the "subway plate", and the real estate in some cities will be much more expensive if it happens to be near the subway station.
But Canadians feel that the more developed public transportation, the less quiet the place is, and the can come casually, which is unsafe and less compulsory.
Therefore, in the process of the city's dominant values shifting from Canadian to Chinese, it is very profitable to seize the Canadian value depression and the high and low value of Chinese style in advance.
Even if the number of people coming to Vancouver is reduced by half because of Gu Biao's sniping, the relative increase in the core urban area is not as exaggerated as three times. That's double, and it's enough to earn.
In this double of the profit margin, three or four percent is used as the construction and material cost of demolishing the old and building the new, and the rest is the bulk of the excess profit.
(Note: The "relative increase" here refers to the increase in the core urban area compared with the suburbs.) It is also multiplied by the average future increase of the entire city to be the "absolute increase". )
Huo's Real Estate originally did not have much experience in overseas development, so many managers did not notice the cultural differences between Chinese and Western value recognition when they first came to Canada. followed Gu Ao's train of thought, and gradually realized that it was greasy, and vaguely began to secretly praise the vision of the cooperative businessman.
However, when they fully realized the taste, it would have to be the beginning of 83.
In addition, after buying enough land, Huo Shao invited the family's designers to make unified planning, and began to plan to bulldoze some downtown residential areas where the entire area was bought, and prepare to build high-rise buildings and high-rise luxury apartments.
Because the zoning plan is very uniform, the design work is very fast, and the construction of the new building can start in December at the earliest, with the direct application of mature formwork, plus survey and demolition.
These naturally have nothing to do with Gu Biao for the time being, he only needs to be responsible for investing money proportionally and dividing the accounts when the time comes. The specific accounts and expenses are the responsibility of Huo.
The design institute and the construction company all used Huo's name to solve the problem, and they were originally large real estate developers in Xiangjiang, and they came to Canada, which is also part of the Commonwealth for the time being, to develop some projects, and Canada would not stop it, and they didn't even think much about it.
Such a pace of development is also conducive to temporarily stabilizing the property market in Vancouver before the news is completely torn, so as not to skyrocket in advance-
Because of Gu Biao and Huo's acquisition of surplus housing, the premium has now risen. The spread of information such as "demolishing bungalows and building high-rise buildings" will increase people's expectations that "there will be a lot more houses built in the future, and the supply will exceed demand", so as to bring back the premium and continue to buy houses at lower prices.
Therefore, demolishing high-rise buildings while recovering land is the safest way to devour the premium space of the urban property market one by one.
……
As Gu Biao and Huo's capital undercurrents surged and devoured the Vancouver property market, his one-week contract with Mario Caesar expired.
The details of the ladder gambling agreement for the distribution rights of "First Blood" and the endorsement of the game have also been completed after the arduous negotiations and endorsements of the professionals below.
Gu Biao even made a phone call to Harvey Weinstein, who had been busy in Los Angeles, to Seattle, and then asked Harvey to help him with follow-up detailed negotiations.
Since Harvey was very happy to cooperate with Gu Biao in "Terminator" last year, he has gradually discovered Gu Biao's potential this year, and has the intention of further waiting and waiting and cooperating with Gu Biao for a long time.
This time, after hearing that he could win the distribution rights of the blockbuster "First Blood" for him, Harvey had in-depth discussions with another old partner and decided to allow Gu Biao to inject capital into the joint venture in Miramax, so that Gu Biao could share the distribution benefits of Miramax in the future.
The two sides had a preliminary talk, and Gu Biao put forward a condition acceptable to both parties: Tiankun Entertainment invested 10 million US dollars and occupied 40% of Miramax's equity in the future.
Before injecting capital, Miramax can first divide all the dividends earned before, that is to say, all the money earned by Miramax before the release of "First Blood", Gu Biao will not share it, and it will not hurt Harvey's previous accumulation of cash cows.
At the same time, Gu Biao promised that in addition to the $10 million invested for the first time, Tiankun Entertainment will provide free game channel publicity resources equivalent to 40% of the total advertising cost of the movie for all the game reform first movies that Miramax is responsible for distributing in the future.
Considering that Miramax was only a small publisher who was temporarily emerging in the late 70s, not an old Big Eight, and his previous best record was only the release of Gu Biao's "Terminator", it is normal for Harvey to accept this price.
After all, when Sony acquired Columbia Pictures six years later, the total price quoted at the beginning was about $2 billion. The asset price in '82 is much lower than that in '88, and only the eight major filmmakers can reach the market value of $1 billion, and the other slightly famous small filmmakers are worth tens of millions of dollars.
The reason why Gu Biao did not spend more funds, but left 60% for Harvey and other old partners, was also afraid that it would affect their enthusiasm for subsequent struggles - now Gu Biao asked for 40%, and the majority of the money earned by the company was still taken away by Harvey, and there was no reason not to fight for themselves.
On this day, Harvey finally completed the negotiations, and then put the plan of both parties and the follow-up promotion plan on Gu Ao's desk.
In the past few days, he had lived on the island of Gu Island Master, and it was very convenient to report to Gu Biao at any time.
"Yes, let's sign a contract according to this plan, today, you go with President Schulhoff and Miss Ye, and I won't go. ”
After Gu Biao read it, he smiled mysteriously, put down the draft, and encouraged Harvey.
"You're not going to sign it yourself?" said Harvey, surprised.
He also thought that Gu Biao had just decided to invest in Miramax Films, and he would want to show his control.
Gu Biao: "Of course I won't go, this is also a gesture, I won't interfere with Miramax's operation, I'm just a shareholder, give me the resources I should give and take the dividends I deserve, it's enough." ”
Harvey was slightly moved on the surface: "Thank you very much for your trust, I will definitely do it." ”
Gu Biao: "Drive my yacht, I will let my captain send you." ”
Harvey wanted to decline politely, but after thinking about it, this was also Gu Wei's façade, so he accepted the kindness.
……
Two hours later, the signing ceremony for the distribution rights of "First Blood" was successfully held at the best hotel in Hope Town.
The main representatives of the production company, including producer Mario César, and the film's lead actor and screenwriter Mr. Stallone, attended the ceremony.
Harvey Weinstein, the main representative of the distributor, and Schulhoff, the president of Tiankun Entertainment (USA), also took time out of their busy schedules.
In addition, there was also a guy wearing Gu Wei's classic French tailor's custom windbreaker, wearing sunglasses and a black haired brother-style high hat with a standing collar, who also walked closer to Ye Kun and showed his face from afar.
Of course, no one has been in deep contact with them.
They just spun around a little and went back to the yacht. Then he immediately took off Gu Biao's special clothes - because that guy was just a Chinese bodyguard of Gu Biao.
Ye Su is a real person.
She was still very disgusted with such a scene, because just now in order to act, she was rubbed on her arm by the bodyguard through her clothes.
No way, the plot needs it, bear with it.
As soon as the signing ceremony was over and the production company had left the hotel, several RCMP and CBSA police cars surrounded the hotel, blocking the rest of the distributor delegation.
Sergeant Laplace of the RCMP and Sergeant Lagrange of the CBSA each took their men to work.
"Be quiet, let me go, please cooperate. We have received reports that there are smugglers and undesirable people who have not applied for entry visas, and we are here to verify according to the law!"