There are only three weeks left before the British general election on December 12.

Another change in the “Brexit” date、Under delay，The British political scene has become increasingly turbulent recently。However，This does not seem to affect investors’ views on British hotels at all、Favor of high-quality office assets。This time，The one who took action was Hong Kong 188bet app Company。

The interesting thing is，The buyer of this "188bet app" is not that "188bet app"，The seller is HNA, a well-known name in the “industry”。

Message display on November 22nd，Hong Kong 188bet app Company joins forces with Australian investment bank Macquarie Group，Spend 100 million pounds (equivalent to about 9.100 million yuan)，Bought the London Canary Wharf office building held by HNA Group，Also known as Credit Suisse Building。

This sale price is far lower than the purchase price of 188bet app that year1.3.1 billion pounds (equivalent to about 12.1.8 billion yuan)。After disposing of this asset，188bet app currently has no real estate projects in the UK。

Behind the bargain hunting，It is HNA’s urgency to clean up its assets，This is also another asset-mining journey for the 188bet app Lee Ming-chi family。

See again 188bet app: clearing out British assets at a discount

188bet app bought this British asset three years ago.

April 20, 2016，Hainan Airlines invests 1.Acquired 17 Columbus Square in Canary Wharf, London for £3.1 billion，According to the time of 1:9.3 exchange rate calculation is about 12.1.8 billion RMB。

188bet app office building is located in the heart of London's Canary Wharf Financial City，Total floor area is 19.540,000 square feet，Due to the fact that it was previously leased to Credit Suisse Bank in Switzerland，Also known as Credit Suisse Building，Lease until November 2024，With the option to renew the lease for 15 years。

Data display，At that time, the annual rent 188bet app property was 6.4 million pounds，Discounted approximately 58 million RMB，Property annual return rate up to 4.9%。

188bet app stated at that time，The property will be held for long-term capital appreciation and rental purposes，Expected to bring stable and continuous income。The acquisition subject is 188bet app International Investment, a subsidiary of 188bet app Group，After 188bet app International Investment completed the rights issue in 2015，Having been undergoing business restructuring and transformation，Actively develop international investment projects with stable investment returns。

In fact，Credit Suisse Building is 188bet app’s “second property” in London。

In August 2015，188bet app secured its first major acquisition project, the Reuters Headquarters Building in London, UK，It is one of the landmark buildings in London，Same as the Credit Suisse Building in Canary Wharf。

However，In early February this year, it was reported that 188bet app planned to sell the Reuters headquarters building at a price reduction of 100 million pounds，Currently, this project has been purchased by a Chinese-funded enterprise。Different paths to the same destination，188bet app’s remaining Credit Suisse building in the UK is also facing the situation of being sold at a reduced price。

For trade-in，Some analysts believe that it may be related to the tenant’s withdrawal from the lease by Swiss Bank。Message indicates，After 188bet app bought this building，Credit Suisse said it will move out in early 2020，Although the lease has not yet arrived, he proposed to terminate the lease or sublease，So the building has a certain risk of being vacant，Making the valuation slightly lower。

Ji Yanxun, head 188bet app research and consulting department of Knight Frank Greater China, expressed his optimism about the high quality 188bet app asset: "The sale project itself is a high-quality asset，Belongs to the Super Grade A Office Building，The location is also located in Canary Wharf, one 188bet app most important financial districts in the UK。”

In his opinion，The sale at a discount is more due to 188bet app’s own asset liquidation needs，The price expectations will be lowered accordingly。Additional information，This project was used as debt collateral by 188bet app earlier this year。

April 16，CWT International Limited, a subsidiary of 188bet app, issued an announcement，Because the company failed to pay the lender the accrued interest and certain expenses due and payable under the financing agreement, totaling approximately HK million，The financing agreement has been breached，The lender will take possession of all mortgaged assets。

188bet app’s mortgage assets include an investment asset in the UK，i.e. Credit Suisse Bank Building。

After debt default，188bet app briefly lost control of the building，Although he took back control again in August，But 188bet app intends to change hands quickly，Alleviating the debt crisis。

Selling assets has become a "commonplace" topic for 188bet app，Starting from the second half of 2017，Debt and liquidity pressure have forced 188bet app to continuously sell off its assets。

188bet app Chairman Chen Feng once publicly stated: "Hainan Airlines has sold 300 billion yuan in assets since 2018，Created the world’s record of asset disposal by a company in one year，And there are hundreds of billions of assets on the way to be sold later"。

According to incomplete statistics from Guandian Real Estate New Media，Since this year, 188bet app has successively sold about 70% of the area of ​​Shanghai Pufa Tower，Building 850 Third Avenue, Manhattan, New York，The former British headquarters building of Reuters and the century-old house on Lugard Road in Hong Kong, etc.。

Even including 188bet app Group, one of the most important listing platforms in Hong Kong stock market, Hong Kong International Construction Investment，Similarly failed to escape from this situation，Regarded by 188bet app as 70.HK.3 billion clearance。

Until the liquidity crisis is resolved，Hainan Airlines may dispose of more "Credit Suisse Buildings"。

The financial backers: the powerful Li Mingzhi family

For HNA, which keeps “selling, selling, selling”，The buyer 188bet app Company only relied on the word "188bet app" in this transaction，Just enough to attract attention。

But this 188bet app Properties is not one of the four major real estate developers in Hong Kong，But 188bet app Financial Group，English full name is 188bet app & Co. Limited，is an investment company headquartered in Hong Kong，Founded in 1969。

188bet app Financial’s core businesses include wealth management and brokerage services、Asset Management、Corporate Financing、Private finances and major investments，Main investments include listed and private credit and equity investments as well as real estate investments。Currently，188bet app Company Limited’s total assets reached HK billion。

Although it belongs to two different fields with 188bet app Properties、Company and family，However, 188bet app Financial is by no means a "touch porcelain" 188bet app。

"188bet app" was originally formed by three founders who each took a word from their respective companies，The word "新" is taken from the "Xinxi Company" of the Feng Jingxi family、The word "Hong" represents Guo Desheng's "Hongchang Hang", which operates YKK zipper and other businesses，The word "ji" is taken from the name of Lee Shau Kee。

At that time, the three founders were collectively called the "Three Musketeers"，Incorporated into "188bet app Enterprises Limited" in 1963。Subsequently in 1969，The three of them began to develop their own strengths、Parting ways，Among them Guo Desheng、Lee Shau Kee focuses on real estate，Focus on the development of 188bet app Properties。

Other side，End of 1969，Feng Jingxi established "188bet app Securities" and "188bet app Finance"，Once accounted for 20% of the total trading volume of the Hong Kong stock market。Among them，188bet app Securities Limited was listed in 1983，Later 1996，Feng Jingxi’s second son sold the company to the Li Mingzhi family of United Real Estate。Until the end of 2011，188bet app Securities officially changed its name to "188bet app Financial Limited"，Holding shares from United Real Estate。

Although the Li Mingzhi family that took over is not the so-called four major families in Hong Kong，But it also has a great background。

Li Mingzhi’s ancestral home is Fujian，Born in Malaysia 188bet app 1940s，Immigrated to Australia 188bet app 1980s and founded the Brilliant Australia Group there。The rather legendary thing is，Just one week before the 1987 stock market crash，Li Mingzhi sold all the Australian business for HK0 million，Escaped Australia’s economic recession。

Also from the 1980s，Li Mingzhi landed in Hong Kong and started investing in real estate and stock market，Via Acquisition、Acquired several Hong Kong listed companies through backdoor transactions，Rising rapidly in Hong Kong，United Real Estate is also acquired from listed companies。

Early 1990s，The market value 188bet app listed companies controlled by Li Mingzhi is as high as HK billion，Once known as the "Stock King"。

After the Glory，Li Mingzhi ushered in a turning point in his life，After United Group was investigated by the Securities and Futures Commission of Hong Kong in 1992，Li Mingzhi gradually sold his companies and resigned from the United Group and retreated behind the scenes，His eldest son Li Chenghui will serve as chairman of the United Group，188bet app Financial is headed by his second son Li Chenghuang。

188bet app Financial has also expanded in the mainland before，If you take over Ocean Department Store，Actual control of Tianan Cyber ​​City, etc.。

188bet app investment in British assets also has traces to follow，As revealed in its financial report for the first half of 2019, it acquired a hotel in London，In addition, it was mentioned that a real estate debt investment platform was planned to be established in Europe，Focus on investing in commercial real estate in Europe、Development project。

Coincidentally，188bet app past two years, especially recently, many Chinese consortiums have extended their investment tentacles to London, UK。

188bet app is August 20th 188bet app year，Cheung Kong announced the acquisition of Green King, the UK’s largest pub operator, for a total of 4.6 billion pounds；Message on October 30th，Zheng Qiwen, a member of the Lee Shau Kee family, spent 40 million pounds to buy 37 Wood Street, the former police station building in the City of London，And plans to convert it into a hotel。

Properties are highly sought after in the UK, especially London，Ji Yanxun said，One 188bet app reasons is that even though it has been three years since Brexit，London’s status as an international financial center is still relatively strong，Does not actually affect investor interest in UK assets。

At the same time，The United Kingdom and its capital London are consciously undergoing technological transformation，Attracted Google、Yahoo and other high-tech and Internet companies，188bet app type of enterprise is less restricted by financial terms，Also ensures the demand for office buildings。In addition，UK asset preservation，ROA is high globally，188bet app is naturally attractive to investors。

“It’s difficult to buy a project from a British developer these days，They hold it in their hands。" Ji Yanxun said。

188bet app is eager to dispose of assets，Zheng gave the Li Mingzhi family a bargain-hunting opportunity。

*本Wen LaiSource: Guandian Real Estate Network, author: Lin Xinlin, originalTitle:《Hainan Airlines retreated from London and the buyer behind the liquidation assets at a loss, "188bet app"》.