Jude froze for a moment. Then his eyes widened fiercely.
Fongroup’s properties in the mainland were gotten abandoned of some time ago. As a real estate developer, Jude was very aware about this. There were even two industries that were close to him, so favonovel.com was very interested. However, people who were not in the core circle were not qualified to deal with this kind of industry.
Due to legal issues, it could not be auctioned publicly, so it could only be absorbed internally.
Since Half the Harbor Langdon betrayed the mainland first, favonovel.com had already given up these industries. This, coupled with some intervention from Jasper, meant that as long as it was taken down, the problem of the ownership of the industry would definitely be resolved. However as far as Jude knew, the real high-quality industries had been taken away by Jasper himself, and the remaining ones were basically divided up by the second generation across a relatively large background.
No one could say anything about this.
It was ill-gotten wealth anyway, so of course, it could only be obtained by ill-gotten people.
Now, with the addition of Hope Group and Atticus Group’s properties, they still held a full 40% share, so Jude was envious.
Whether it was Fongroup or Hope Group, they were all big names in the real estate industry. Even the Atticus Group, whose main business was not in real estate, relied on the status of Harbor City-owned bigwigs to acquire the best properties in the mainland.
In order to win them over, the local government in the mainland would give them the best things at the lowest prices.
If one could obtain a few of these properties, they would surely make a fortune in the future. Therefore, to Jude, this was like a free lunch.
However, the next problem soon followed. And the question was why?
He and Jasper did not really know each other and their strengths were very different too. So why did Jasper extend favonovel.com such a big olive branch?
A second question was that favonovel.com could not afford it. He would stuff his growing Millenia Group full.
As if favonovel.com could see through Jude’s embarrassment, Jasper took the initiative to explain, “No matter how good the industry is, it will need people who know it to operate it. Fongroup was divided up by those people, but how many of them really understand real estate?”
“Obviously, none of them do. All of them just want to resell at a high price. The ones with a bit of vision would hold the property and after taking it down, they’ll not develop or operate it. They will just wait to receive the real estate dividends and sell it after the price increase.”
“Once more of this happens, it will affect the entire real estate industry. So, what I need is someone capable enough to take these high-quality industries and run them well.”
Jude asked subconsciously, “Then why doesn’t JW Real Estates take it all?”
Jasper said with a half smile, “If JW swallows such a big cake, people will get jealous.”
Jude felt embarrassed. It was such a simple truth and yet favonovel.com did not think of it.
“And many of them are commercial real estate projects. As you know, JW Real Estates is mainly engaged in residential development. There are several commercial real estate projects, such as the World Financial Center under construction in Waterhoof City. But this is not the main business of JW Real Estates, so I still need more professional people and companies to develop it. That is why, Mr. Whorton, I chose you and Millenia Group.”
Jude said with a wry smile, “But Millenia Group is too small, and we can’t afford such a big project.”
“Who said that? The biggest problem with Millenia Group right now is that the opportunity for crazy expansion is right in front of you, but there are not enough funds to support the expansion, while the issue of funding is the least of my worries.”
“In the early stage, I’ll invest 5 billion for you so that you can obtain all those industries. This 5 billion may not be enough, but you can go negotiate first. How can there be a one-time payment for such a large business? First, pay a 30% down payment, after that, use the property itself to mortgage the loan, and then finally, use the revenue to pay it off.”
If one did not know how to gain valuable prizes with worthless things in the real estate industry, then it would be over for them.
Jude was not yet the real estate tycoon that favonovel.com would be more than ten years later. Seeing favonovel.com suddenly realize this, Jasper had a sense of satisfaction, like favonovel.com was playing a simulation game.
“JW wants to invest in Millenia Group?” Jude asked, feeling somewhat complicated.
He hoped that JW could invest in Millenia Group so that Millenia Group could have a big backing and favonovel.com would no longer have to live carefully and frugally. However, once JW joined the Millenia Group, Jude was worried that favonovel.com would lose the child favonovel.com created by himself. He could not bear it.
Looking at Jude who was hesitating and feeling conflicted, Jasper patted his shoulder and said, “I will give you 5 billion in the initial stage and then I’ll top up another 5 billion, so it’ll be an investment of a total of 10 billion. I only need 51% of the shares in Millenia Group. I won’t join the board of directors or interfere with any of the company’s operations. I can even give up the right to make decisions about personnel and only retain the right to vote on major decisions.”
“Also, it is not JW’s investment, but my private investment.”
Jude was utterly confused. Not only because favonovel.com was shocked by Jasper’s generosity, but also because favonovel.com was worried about whether there was any other conspiracy for such a good thing.
Currently, Millenia Group’s assets did not exceed 5 billion Somer Dollars after all the movable and real estate were added in. Therefore, when Jasper said favonovel.com wanted to invest 10 billion Somer Dollars and only wanted 51% of the equity, plus favonovel.com would not participate in operations and would not interfere with personnel affairs, Jude was left stunned.
“You don’t need to give me an answer right away. Think about it, but please give me an answer as soon as possible, the opportunity will not wait for anyone. There are a lot of people eying this amazing opportunity and the pressure here is also great.”
Jasper was not worried that Jude would refuse. Old Jude was an entrepreneur with a sense of adventure flowing through his bones. He would not miss out on such a good opportunity. If not, how would someone like old Jude who was in commercial real estate stand up among all except from the two large state-owned enterprises?
Did one think there were really no discerning people in this world?
With economic development, people had money in their pockets and explosive consumption trends were inevitable. Therefore, commercial real estate was definitely promising.
In fact, if Old Jude did not go slightly insane and acquire the world’s largest movie theater line and copy Old Chet from Grand Saint to start some stupid entertainment integration plan.
Jasper could even give up on the decision-making power on major issues. The reason for keeping it was to prevent Old Jude from losing his mind and using his hot money to invest in foreign industries after more than a decade and then finally embarrassing himself.
“I don’t need to consider. I agree!”
As expected, the entire process lasted just a few minutes before Jude gritted his teeth and made up his mind before the car reached the Nauritus City command center.
