Another star is about to fall.
As one of the key development and construction areas in Shenzhen, it has been popular with many funds, including the headquarters of carbon cloud holdings, Hengli Investment, Digital China, ZTE, China Electronics, China Merchants Bank, CITIC Securities and other companies.
But now, the once glittering big companies are about to leave the two.
First, the T208-0054 parcel of Evergrande's headquarters, which has been taken over by Anju Jianye, followed by the T208-0053 parcel of Vanke's headquarters.
This means that the deep supertotal, which is highly expected and endowed with infinite reverie, will once again usher in a reshuffle.
Transfer of Shenzhen Bay Super Headquarters Base Project, with a starting price of 2.235 billion
Following Evergrande, there are new real estate companies transferring land in Shenzhen Bay Super Headquarters Base.
On May 8, Shenzhen Exchange Group issued an announcement to publicly transfer the right to use, above-ground buildings and attachments of Vanke's T208-0053 parcel by way of listing, and the listing period will be from May 18, 2024 to 15:00 on May 27, 2024.
The land area is 19,227.53 square meters, and the nature of the land is mainly commercial office. The starting price of the transfer is 2.235 billion yuan, and the bidding ladder is 10 million yuan.
According to the above-mentioned land transfer information, the current status of the land parcel is suspended, and there are many matters that need attention, including the completion of part of the approval and construction procedures for the parcel construction project, including the land use right transfer contract and the first and second supplementary agreements, construction land planning permit, construction project design opinion, height limit review, fire protection design review, building naming approval, construction project planning permit, construction project construction permit (south plot), structural overrun review, etc.
After winning the bid, the bidder shall re-handle/change the corresponding approval and construction application procedures, and the relevant risks shall be borne by the bidder; There is a risk that the parcel construction project will be completed late, and there is a risk that the land use right, above-ground buildings and attachments will be recovered without compensation, and the relevant risks shall be borne by the bidder.
At the same time, the transferor has signed the T208-0053 Land Parcel Industry Supervision Agreement (Shennan Industry Supervision Association [2017] No. 11) with the Nanshan District People's Government, under which the Nanshan District People's Government shall supervise the total investment, output value scale, local financial contribution and other matters under the parcel, and agree on the standards and conditions that the land use right holder shall meet in respect of the regulatory matters. The agreement shall be undertaken by the bidder, and if the subsequent bidder needs to adjust the relevant industrial regulatory requirements and actual supervision of the parcel according to the actual situation, the bidder shall assess the risk and negotiate with the Nanshan District People's Government.
It is reported that on December 19, 2017, two plots of land were auctioned at the Shenzhen Bay Super Headquarters Base, of which Vanke won the parcel T208-0053 at a reserve price of 3.137 billion.
The other is the T208-0054 parcel won by Evergrande at a reserve price of 5.552 billion. However, in 2022, the T208-0054 parcel was taken over by Anju Construction at a reserve price of about 7.543 billion yuan.
In addition, according to Vanke's response, the listing and transfer of the land is one of the company's measures to resolutely promote the implementation of the package of slimming and fitness. The plot is a commercial office project acquired by the company in the rapid development stage of the industry, and was originally planned to be mainly used for office use by employees in Shenzhen. In view of the major changes in the current industry situation, the company plans to no longer build the project, so it intends to transfer the project as a whole, reduce the occupation of funds by non-main business assets, and focus on resources to do a good job and strengthen the three main businesses.
The significance of Shenchao to major enterprises
In fact, a small piece of land with a total of about 117 hectares has been shuffled more than once.
It seems that the past two years have also become more and more variable.
With the changes in the industry, first Evergrande T208-0054 parcel was taken over by Anju Construction at a reserve price of about 7.54 billion yuan in 2022.
This parcel of land was auctioned in the same year as Vanke's current parcel for sale, and the conditions for the transfer are that a registered enterprise legal person in Shenzhen + a recognized headquarters enterprise + selected enterprises can participate in the auction, which is more demanding.
Then in June last year, China Shipping broke out of the encirclement among a number of state-owned central enterprises such as China Resources, Poly, China Merchants Shekou + Huafa, and after 112 rounds of fierce competition, it won the T207-0060 parcel of land located next to CITIC Mangrove Bay at a total price of 12.532 billion yuan, setting a record of 133,300 yuan per square meter for the highest rough restricted sale price of residential buildings in Shenzhen, becoming the land king in Shenzhen in the past 5 years and the 8th 10 billion land king in the history of Shenzhen land auction.
It can be seen that Shenchao is very attractive to major enterprises.
Such a plot of land, regardless of the planned use, is of landmark significance, and the plan is to build with a lot of money.
More importantly, the parcel originally auctioned by Evergrande was taken over by Anju Construction Industry, and the T207-0060 parcel was adjusted from commercial land to residential land and taken over by China Shipping.
One of these two plots was transferred two years ago when the real estate environment was better, and the other was the adjustment of land attributes after the change of the industry, both of which have certain environmental advantages.
At present, the parcel listed by Vanke is in the stage where the company has changed most obviously and the industry has contracted the most obviously.
And now the price level of office buildings in Shenzhen has returned to many years ago, and the vacancy situation is becoming more and more obvious as the supply increases every year.
So which company can really take over Vanke's land?
But in the end, no matter which company takes over in the end, these plots of Shenzhen Super General are destined to be reshuffled.
Every year, 20 billion yuan of commercial and other bulk asset transactions are completed
Recently, according to Yu Liang at the 2023 Annual General Meeting of Shareholders, in addition to the three main businesses of comprehensive residential development, property services, and rental apartments, Vanke will withdraw from other businesses and clean up and transfer financial investments that are not its main business. At the same time, we will resolutely and vigorously promote the transaction of bulk assets such as commercial offices, and plan to complete 20 billion yuan per year.
Yu Liang believes that the three major businesses that Vanke focuses on have market prospects and social demand. The improvement of residents' living conditions, the demand for rental housing, and property services are still broad, and Vanke has more advantages in these businesses. Residential and property services are the starting point of Vanke's development, and it has established comprehensive competitiveness, and has also achieved the first place in the industry in terms of scale and operational efficiency of rental housing. On the whole, Vanke is still one of the real estate companies with the widest customer base, the richest scenarios, and the strongest comprehensive construction and operation capabilities.
In this regard, Vanke plans to complete weight loss and fitness through "two steps".
The first stage is to firmly slim down, adjust the financing model, and reduce risks. Yu Liang stressed that Vanke will withdraw from other businesses, clean up and transfer financial investments in non-main businesses, and vigorously transfer commercial office assets through block transactions and REITs. "Last year we sold 12.3 billion yuan, which is the second largest transaction volume in the industry, and this year's target is 20 billion yuan, and we hope to sell 20 billion yuan per year in the next few years."
It is reported that in the first quarter of this year, Vanke achieved a large asset transaction of 4.2 billion yuan, of which Shanghai Qibao Vanke Plaza completed a 50% equity transaction, with a transaction amount of 2.384 billion yuan.
The second stage is to do a good job, become stronger, and refine the main business, and create a product benchmark and service benchmark for the industry. Yu Liang introduced that Vanke will anchor the three advantageous businesses, and after focusing on resources, spend more effort and more effort to continue to maintain a leading position in good products, good services and good communities. At the same time, in accordance with the new development model, we will maintain a certain level of investment and better improve the level of operating returns.