Extraordinary Genius Chapter 816

Extraordinary Genius

Chapter 816 - Acquisition for the Empire StateBuilding completed

Early March. Master Lu had gone over toFujian, and Feng Yu returned to New York from Hong Kong. It was one weekearlier than planned. This was because Feng Yu received news that the EmpireState Building is ready for transaction.

Feng Yu does not know Hideki Yokoi did tomake Kiiko Nakahara agree to sell her shares of the building to Feng Yu. ButKameda Masao said that Hideki Yokoi had given up many of his a.s.sets in the USand Europe in exchange for this. After this transaction, Hideki Yokoi willsever all ties with Kiiko Nakahara.

From now onwards, Kiiko Nakahara will havenothing to do with the Yokoi family. Kiiko Nakahara will get most of HidekiYokoi's a.s.sets. She will sell off all the a.s.sets in the US and move to France.Her a.s.sets in Europe will be sufficient for her and her husband for the rest oftheir lives.

Donald Trump also managed to get rid ofthose two long term tenants from the Empire State Building. He regained controlover the building.

Although Trump had used some underhandmethods, like cooperating with the other tenants to force those tenants out,spread rumors about them, etc., Kiiko Nakahara still paid those tenants forthem to cancel their lease.

The Empire State Building is no longer thetallest in the US. It is not as significant as before. Kiiko Nakahara, Trumpand the rest of the tenants requested for a major renovation of the building.But according to their contracts, they have to share the cost. The propertymarket at this time was not doing well and they refused to pay for it.

Feng Yu was satisfied with the finaldecision. He will take over all the rights of The Empire State Building. Even therenovated the building, he will not lose money.

The price for the building was 100 millionUSD. Because Trump wanted 5% shares of it, Feng Yu paid him 45 million USD andlend him 50 million USD. Feng Yu also paid Kiiko Nakahara and Hideki Yokoi 40million USD for their 50% shares.

Feng Yu sold some of his shares to raise200 million USD. If he had sold the shares before Lunar New Year, his profits wouldbe 20 million USD lesser. He returned Fu Guangzheng the money he borrowed andtransfer the rest into his personal account. He decided to buy a house in NewYork.

The former management company of the EmpireState Building was Trump's company, and it was renamed as Wind and Rain EmpireState Building Management Company. Feng Yu is the owner of the company and heowns 60% shares of it. Kirilenko paid Feng Yu some money and got 35% shares.Trump's share is 5%.

Based on their agreement, Trump will have tomanage the building for free over the next 5 years. This will save a lot oftrouble for Feng Yu. Feng Yu first decision after he acquired the building wasto pool a sum of money to renovate the building. His only requirement was tomake the Empire State Building the most comfortable office building.

Trump used the money he got from sellinghis shares in the Empire State Building, and whatever he borrowed from Feng Yu,to buy a building he had been eyeing. He also bought a hotel. The hotel will berenamed as Trump Hotel.

Of course, Feng Yu also gave some of theSixth Sense Company's shares to Hideki Yokoi's sons. He increased the number ofshares from 10 million USD to 13 million USD. Even after he gave Hideki Yokoi'ssons more shares, he did not make any losses as he had saved 10 million USDwhen he bought the shares from Hideki Yokoi and Kiiko Nakahara.

Furthermore, this was a small price to payfor the building. Feng Yu will also get two management staff for his SixthSense Company.

"Cheers! Feng, we really bought the EmpireState Building!" Kirilenko said excitedly.

"Hahaha, although it is slightly expensive,Trump said that the rents will increase after the building is renovated. Wewill recover the renovation cost within 2 years." Feng Yu took a small sip ofhis wine and placed his gla.s.s down.

Rents in the US cannot be increased as andwhen the landlord wants. There are regulations and there is an upper limit.Luckily the valuation of the building had increased and let them have a higherupper limit.

In the past, the Empire State Building haslots of empty office s.p.a.ces. After the Empire State Building confirmed thatthey will be renovating the building, many companies contacted Trump to expressinterest in renting office s.p.a.ces there.

The US economy is improving and New York,the US financial hub, is a popular spot for many companies. The rental at theTwin Towers is too expensive. The other office buildings were not wellmaintained. Only the Empire State Building's rent was reasonable, and it willbe renovated. This made the Empire State Building the top choice for thecompanies.

Even some of the tenants at the Twin Towerswanted to shift to the Empire State Building after the renovation. It wascheaper to rent office s.p.a.ces there.

"We can see many of New York's landmarkwhen we stand at the rooftop of the Empire State building. This feeling isgreat!" Kirilenko had a satisfied look on his face.

Feng Yu looked at him from the corner ofhis eyes. d.a.m.n! Feel great? Try going up on a windy day!

Feng Yu had gone up the rooftop before. But.i.t was a windy day. It was not that cold on the ground floor, but at the roof,the wind was so strong until he cannot open his eyes!

"Fine. The top floor will be reserved foryour company. You can go up to the rooftop when you have nothing to do."

If you are not afraid of the cold winds,you can go up there every day.

"Eh, what did you do to make them sell youthe building?" Kirilenko was curious. His men had approached Kiiko Nakahara andHideki Yokoi before, but they refused to sell their shares of the building.

Feng Yu told Kirilenko about Hideki Yokoi'sfamily feud. He only gave them some of his company's shares and got the rightto buy the building.

Feng Yu really admire Hideki Yokoi. He is acunning fox and has lots of tricks up his sleeves. Maybe this was what HidekiYokoi wanted from the start. If not, how is it possible for him to make KiikoNakahara sell her shares to Feng Yu in such a short time? The selling price iseven 10 million USD cheaper than the market price.

Hideki Yokoi transferred his a.s.sets to histwo sons and daughter. He took a sum of money to ensure his company can operatesmoothly. The rest is used to "pay" the prison in exchange for a better lifeduring his time there.

"Feng, you are so smart. Why didn't I thinkof this? After the top floor is renovated, I will move out of the Twin Towers.Having our offices in our own turf is more comfortable." Kirilenko swirled hiswine gla.s.s and said. Successfully acquisition of the Empire State Building is ajoyous occasion that calls for a celebration.

"Boss, look at these newspapers!" When Kirilenko and Feng Yu were celebrating, Wilson rushed in with a newspaper.