Research On Cooperative Development Decision Of C Group Guangzhou F Block

Real estate cooperative development has become a new normal for the development of the industry.Among them,many state-owned enterprises or local platform companies have introduced real estate cooperative development of existing land to enhance the economic benefits of state-owned operations.The research object of this article is the real estate development decision of State-owned Enterprise C Group located in Block F,Jinshazhou,Baiyun District,Guangzhou.Block F has taken the land early,has mature location conditions,and has high potential economic value for development.Group C does not have independent development capabilities and needs to be introduced.Partners gain potential land development benefits.Adopting cooperative development involves asset evaluation,selection of cooperation models,formulation of cooperation conditions,and identification of major risks affecting the success of cooperation.Unlike general project feasibility studies,research on cooperative development decision-making needs to be considered at the level of shareholders of all parties involved in the cooperation.The best cooperation plan for investment income requirements.This article adopts the market comparison method and the hypothetical development method to evaluate the total land price of Block F.The principle of cooperation is to share the same shares and share the risk.Firstly,it matches the requirements for subsequent development funds to draw up a 40:60 shareholding ratio between C Group and partners,and analyzes the land The impact of taxation,equity premium,and funding sources under cooperation paths such as capital contribution,equity transfer,and capital expansion.The discounted cash flow method is mainly used to measure the dynamic profit indicators of the investment of the partners,and the benchmark group of partners and partners are evaluated for benchmark returns.When the shareholders 'NPV and shareholders' IRR are in line with investment decisions at 12% and20%,respectively,a relatively optimal cooperation model and a plan for C Group's shareholding ratio under the condition of meeting the partner's benchmark rate of return are derived.In this project,the economic benefits of the capital increase and share expansion model are relatively better.Group C should increase its shareholding ratio.According to whether it will continue to invest in the group's shareholding range of [62.20%,67.58%],shareholders NPV [15144,16940] Shareholder IRR was [19.4%,19.7%].The primary risk of cooperative development lies in the choice of partners.State-owned enterprises must not only respect the state-owned assets regulatory norms but also screen potential customers in advance.Thecooperation agreement and the company's articles of association should address risks such as corporate governance,capital supervision and distribution methods.