Back to 17, My Brother is the Cult Leader

Chapter 105 Property Purchase

"Who owns the property rights?" Fang Yuan asked.

"The ownership of township enterprises is now managed by the township government."

They've been sitting idle for almost three years and want to sell. The ownership can be transferred through a sales agreement.

The procedures and formalities will be a little more complicated.

Fang Yuan nodded. Wang Xiaodong then took him to a nearby primary school.

The school is not far from the plastics factory; it only takes five or six minutes by car.

The primary school campus is not large, covering an area of ​​about twelve acres.

The main teaching building is a three-story white building with several sections of the exterior wall bricks missing.

The building appears to be of better quality than the plastics factory's office building; the walls have no cracks and the windows are intact.

The playground was made of dirt, and the withered grass had grown to waist height.

Behind the teaching building is a row of bungalows, which used to be teachers' offices and a canteen.

"The school's ownership belongs to the HD District Education Commission. If someone wants to take it over, they have to go through the procedures for the disposal of state-owned assets, which is more complicated than the plastic factory's situation."

But this place doesn't need major renovations; a simple upgrade will suffice. The plastics factory site requires far too much modification.

In mid-month, Fang Yuan, through the arrangement of intermediary Wang Xiaodong, went to Xishan Meilu again.

This house viewing was more detailed than the last one.

Fang Yuan, along with Xiao Mei and an architect hired from a design institute, measured every room in the villa, from the basement to the third-floor terrace.

As Fang Yuan left the villa, he noticed that there were still a few prime, unsold buildings at the far end of the community.

He asked Wang Xiaodong to negotiate a price with the original homeowner, whose entire family had immigrated to Canada and urgently needed money.

After three rounds of negotiations, Wang Xiaodong finally settled on a price of 9.9 million yuan.

The exchange rate of the US dollar to the Chinese yuan remained stable at around 8.27, which roughly matched the historical figure of one million two hundred thousand US dollars, and both sides accepted this compromise.

Contract after contract were signed, and my hand was a little sore from signing so many names.

Fang Yuan didn't rush to move in. Instead, he spent more than half a month selecting a renovation team and clarifying his needs one by one:

Part of the basement is used as a wine cellar and storage room, while a separate gym is set up, equipped with treadmills and strength training equipment, professional sports flooring, and a ventilation system.

The nanny's room is located on the north side of the second floor, with a separate bathroom and storage room.

A former storage room at the intersection of the ground floor and the basement was transformed into a recording studio, complete with soundproofing, sound absorption, a mixing console, and monitor speakers.

The small study on the second floor of the villa, facing north, was converted into a trading room, with six monitors set up specifically for tracking US stock and foreign exchange market trends.

Fang Yuan wrote down these requirements in his notebook and asked Xiao Mei to schedule meetings with three design companies to discuss their proposals. After more than two weeks of comparison, they finally selected one of them.

There is no upper limit to the renovation budget, but the materials must be of the highest environmental protection level.

The land ownership of the primary school belongs to the HD District Education Commission, making the procedures more complicated.

He ultimately decided to focus on the land belonging to the plastics factory.

The negotiations lasted for nearly a month.

That land belongs to the township collective assets. According to the "BJ City Property Rights Transaction Management Regulations" which came into effect on January 1, 2002, the transaction of collective property rights of enterprises must be approved by the investors and resolved by the workers' congress.

Wang Xiaodong mediated between the two sides. The town government wanted to revitalize the idle assets as soon as possible, but had requirements regarding the price.

The final price was set at 1850 million yuan, including all expenses such as land transfer fees, property ownership transfer taxes, and employee resettlement compensation.

Fang Yuan purchased the property with his own funds, and the ownership is the same as that of a villa, registered in Fang Yuan's name.

At the same time, Fang Yuan also had Wang Xiaodong negotiate the sale of a reserved plot of land of about eight acres on the north side of the factory area for 600 million yuan.

This land will not be developed for the time being; it will be used as green space first, and one or two office buildings will be added later if needed.

Total acquisition of land and buildings: RMB 2450 million.

After the land procedures were basically completed, Fangyuan began to look for a professional design company to carry out a comprehensive renovation of the factory area.

The future headquarters of Yuanchuang Company will be located here, but the ownership of the land and property belongs to Fang Yuan personally. The company will sign a long-term lease contract with Fang Yuan, and the rent will be paid from the company's account at market price.

This clear ownership structure does not affect company operations and also facilitates Fang Yuan's independent management of his personal assets.

Fang Yuan compiled the requirements into a detailed document, and the design team went to the site to measure the dimensions of each building, took hundreds of photos, and produced the first version of the concept plan two weeks later.

Fang Yuan spread out the blueprints in the conference room and made his demands one by one.

A new ten-story office building will be constructed, with a floor area of ​​12,000 square meters.

The first to third floors will house public functions such as a reception area, exhibition hall, large conference room, and multiple small conference rooms.

Floors four through nine will be used for open-plan office areas and private offices.

The tenth floor was reserved separately for Fang Yuan to build a suite, which included an office, a reception room, and a lounge.

The original 4,500-square-meter old factory building has been transformed into a multi-functional cultural space.

The factory building has a high ceiling, and the A-frame steel beams at the top retain the industrial style appearance, while the interior has been re-divided into functional areas.

The first floor houses a multi-functional hall and exhibition area, equipped with a stage, lighting, sound, and projection system, which can accommodate 300 people and be used for premieres, screenings, and internal performances.

The second floor serves as a research and development center and project incubation area, combining open workstations and small meeting rooms.

The cafeteria underwent renovation and all kitchen equipment was replaced. The dining area was expanded to accommodate 300 people at the same time. It was designed according to commercial restaurant standards, with separate areas for bar counters, booths, and round tables, warm colors, and brighter lighting.

The factory's outdoor area has been redesigned.

A total of 320 parking spaces are planned for both above-ground and underground areas.

Add a sports area – a basketball court, a tennis court, and a fitness trail.

The remaining area will be used for greening and landscaped rest areas, complete with lawns, walkways, and benches.

The staff apartments were completely renovated, with three new independent apartment buildings, each twelve stories high.

Each building has approximately 120 apartments, totaling 360 apartments across three buildings. Each apartment is about 40 square meters, featuring one bedroom, one living room, one bathroom, and one kitchen. They are fully furnished with air conditioning, water heater, washing machine, refrigerator, induction cooker, and range hood. Furniture includes a bed, wardrobe, desk, and chair. Broadband and cable TV interfaces are provided.

The eight-acre plot of land reserved on the north side of the factory area will not be used for construction now, but for landscaping.

However, the underground foundation is pre-constructed according to the load-bearing capacity of the two future office buildings, each with an area of ​​8,000 square meters, so that construction can proceed directly upwards without the need for a second application for regulations.

After listening, the design team marked each point on the drawings.

The budget for the entire renovation project was quickly finalized.

The total cost of the factory renovation project is 1.135 million yuan.

Including the 2450 million yuan previously acquired for land and buildings, Fang Yuan's total investment in the Xishan area is 1.38 million yuan.

The $120 million purchase price of the villa and renovation costs are separate.

Fang Yuan prepared a total of 1.5 million yuan, which is basically enough.

Construction period: The office building and staff apartments will start construction simultaneously, with a construction period of fourteen months;

The factory renovation and outdoor works are being carried out simultaneously, with a construction period of ten months.

The entire park is expected to be fully operational by mid-2003.

Fang Yuan instructed Xiao Mei to oversee the entire project.