Friday, May 20, 2011

The sale of the mystery of Wal-Mart Plaza

World marketing comments (http://mkt.) Shenzhen shangbu road, Bai ling, northeast corner, 18744 square meters of Wal-Mart Supercenter, the bustling crowd every day.

At the end of April, Wal-Mart (China) commercial company in the first quarter of the expensive rentals and property management fees, no longer to old landlord Shenzhen City building development (Group) Corporation (hereinafter referred to as "urban construction group"), but rather go to the Shenzhen golden century company account.

In December 2006, the urban construction group to 8100 Yuan/m2, price about 15182.64 million price will all issue shop whole sold to Shenzhen Jin Hai investment co., Ltd. (hereinafter referred to as the "Golden company", after the change to the "Shenzhen golden century investments limited").

This transaction is completed in the beginning of this year, caused numerous real estate intermediary company around in wonder and admiration, it was a real estate agency real estate consultant Mr. analysis, which often the price is approximately equivalent to one quarter of that market, which is equivalent to less the 4 billion, seriously underestimated the Wal-Mart Supercenter of commercial value.

Like this the ideal commercial property has quietly changed hands, who is low in the operations sold Wal-Mart Plaza?

Sale of Wal-Mart "

On the step road Wal-Mart Supercenter Shenzhen blankness, a podium shops, by Shenzhen urban construction group in 2001, development and construction, 31 March 2001 urban construction agency leased to a Wal-Mart for commercial (business name to "Wal-Mart Supercenter"), officially the lease period from 17 July 2003, to 2018, 16 July, a total of 15 years.

Wal-Mart China company a floor Manager, like the size of stores, the scale of sales for each day in order to maintain the required 40 million profit and loss balance, since 2005, where shops quickly popular, stores beginning in 2006, the community of flowers a commercial property prices have been rising straight line.

By Convention, the commercial podium at cost calculation of the rent rate of return on a yearly basis, each lease rent increase rate year is 3%. 17 July 2003 to July 2005 16 days (that is, first and second year of the lease), Wal-Mart to urban construction group total rent 2609.17 million; 2005: 17 July 2006 July 16 (the third lease), Wal-Mart to urban construction group rent 1417.04 million; and so on, a 15-year lease, rent of urban construction group can withdraw $ 24744.07 million.

In December 2006, the urban construction group is in accordance with the market-1/4 the price, i.e. the 8100 Yuan/m2, price about 15182.64 million will be a hundred shops sell jinhai company as a whole, and for the transfer of property rights.

At Wal-Mart's fourth year lease, i.e., 17 July 2006 to July 16, 2007, Wal-Mart began to new landlord to pay the rent. The annual 1459.7 million urban construction group rent, rent 547.34 million, the new owners Shenzhen golden century company should rent 912.23 Yuan; July 17 to July 16, 2008 (that is, the fifth year of the lease), Wal-Mart should new owners rent 1503.30 million.

From 1 January 2007 the company took over all a golden period calculated from the podium shops rent until 2016 and expiring on July 16, total rent 16187.54 million! the rental income over the whole podium shop price.

If dynamic calculation for reimbursement, jinhai investment companies only need 5 to 6 years the entire investment can be recovered, unecessary earn nearly twenty thousand square meters of commercial shop-ownership. Urban construction group is how to lose an enormous potential for appreciation, the assets of the worth several hundred million dollars?

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