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Buy one in Manhattan, or build your own office building.

Abel had already thought about this.

But later on, his attention in this area was distracted by the Hudson Bay City Plaza.

However, Hudson Bay City Plaza involves too many aspects.

It is impossible to get on the horse in a short time.

In other words, the super headquarters building that Abel wants to build is unlikely to appear in the short term.

Every time Abel comes to Smith Capital after its recruitment expansion, he feels that the company is a little crowded.

After much deliberation, he felt that before launching the Hudson Bay City Plaza.

You must first find a spacious enough office space for your company.

The best way, of course, is to first buy a building that is tall and large enough in Manhattan or New York.

In this way, not only can Smith Capital be placed in it.

You can also place the headquarters of ab Smith Entertainment, ab Smith Newspaper, AMC TV Station, aircraft and yacht rental and other companies in Elizabeth's Back Garden, which is also headquartered in New York.

Having said that, the number of companies in New York under Abel's name is really quite large now.

In addition, companies in Los Angeles and other places also need to add branches in New York.

If we add this part, there are more than a dozen companies in New York under Abel's own name alone.

A Smith building can barely accommodate one Smith Capital.

Not to mention other companies.

Abel has no intention of continuing to wait for the Hudson Bay City Plaza.

He has no interest in building a new building.

Finally, I thought about it.

Abel feels that directly buying a ready-made skyscraper would be the best solution at present.

Anyway, as long as you don't buy the Twin Towers or other buildings next to the Twin Towers, that's fine.

Until that day comes, other places should be safe.

When people try to bump into twins, they don’t bump into each other blindly.

Before that, the two twin brothers were the tallest and second tallest buildings in the United States respectively.

Such landmark buildings are in lower Manhattan, so it would be unreasonable not to bump into them.

".Buy a building."

In the rest area of ​​Abel's office, coffee master David Mellon put down the coffee.

"It is indeed necessary." David Mellon looked at it from the perspective of Smith Capital.

In David's view, Smith Capital, which has less than 600 employees, still needs to continue to expand.

Not to mention being like Goldman Sachs, which has more than 20,000 vice presidents, the peak number of people in the company once exceeded 30,000.

At least it should be like Wall Street giants like Merrill Lynch and Lehman Brothers, which have five to six thousand employees.

The Smith Building, which originally had enough employees, could no longer accommodate five to six thousand employees.

Even if it is a little more crowded, the Smith Building can only accommodate about a thousand people working at most.

This is despite the possibility of affecting work efficiency.

I want Smith Capital to have an office location that can be expanded in the future.

In Manhattan or New York, owning your own building is already a hard requirement.

Abel put down the "Manhattan Property Encyclopedia" given to him by Father Ikana.

He told David Mellon: "I want to buy the Woolworth Building."

Woolworth Building was the former headquarters of Smith Capital.

This is a building with a long history. It was the tallest building in the world for sixteen years.

Built by Woolworths, the former American retail king.

More importantly, Abel now holds about 20% of the equity in this building.

This share of the stock cost Abel almost US$300 million at the time.

Moreover, most of the shares in this building are in the hands of Wall Street investment banking giants.

The proportion of shares is 12% owned by Merrill Lynch,

28% is owned by Goldman Sachs,

30% owned by Wells Fargo Bank,

About 10% is owned by small shareholders.

The remaining 20% ​​is in Abel's own hands.

Compared with other buildings, it is not too difficult to acquire the Woolworth Building.

For those investment banks, given Abel's current relationship with them, basically all he has to do is give them money.

Those 10% or so of small shareholders' shares will have to be sold even if they are not sold under the general trend.

Since last year, real estate across the United States has been rising crazily.

Last year, the Woolworth Building was valued at approximately US$1.5 billion.

If we don’t have around 1.6 billion US dollars this year, we probably won’t be able to win it.

"The Woolworth Building?" David Mellon thought for a while and said:

"Although it's a bit old, the area is indeed enough. It also has enough history and landmarks."

The Woolworth Building has a total of 57 floors.

Initially, the builder, Frank W. Woolworth, only planned to build 42 stories high.

Later, he discovered that if it were higher, it could become the tallest building in the world.

In order to be the first in the world, he temporarily asked the designer to add some height.

The original 42-story building has become 57 stories.

Frank W. Woolworth was also famous for his thrift and calculation.

The additional 15 floors will be much smaller than the original 42 floors.

They are based on the 42-story building and extend to about one-third of the area.

This makes the completed Woolworth Building look very beautiful from the front and is a standard neo-Gothic tower.

But from the back and side, it looks like an iron.

The front is quite tall, and the back is completely flat. The front is like the handle of an iron, and the back is like a short, flat iron.

"Then it must be Woolworth." Abel said simply:

"I will ask Alan Baker to contact these shareholders later and try to move in before October."

It does not mean that if you buy Woolworth Building, you can live in it directly.

As one of the famous buildings in Manhattan, the Woolworth is located in the core locations of Barclay Street and Broadway Street.

There are many companies leasing here, and many of them are well-known companies.

The leases of these companies are at least a few years, and some may last more than ten years.

If you want to lease out these companies, you will need a certain amount of default costs and a certain amount of time.

In addition, it will also take a certain amount of time to move the companies under Abel's name, including Smith Capital, into the Woolworth Building.

The interior of the building may also need to undergo certain modifications and decorations.

Adding up these times, it is estimated that it will take about half a year.

After half a year has passed, New York will be safe.

After that happens, we will move the entire company here.

In this way, people in the United States and Manhattan were panicked at the time.

You can also add an achievement such as "Strong Manhattan Supporter".

After all, after that, many multinational giants and financial companies were really frightened and wanted to evacuate Manhattan.

That is to say, the US and New York authorities later made great efforts to ensure that this kind of thing would not happen again.

This prevented Manhattan from turning into a ghost town overnight due to panic.

Speaking of which, Abel remembered it as if it was after that incident.
To be continued...