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Chapter 111
Chapter 111
Chapter 111 Glory Edifice
The most central area of the southern plot of Hallcester City.
There stood a Glory Edifice that had been half—built and abandoned.
From a distance, the grandeur of this over 100—meter tall building had already begun to reveal itself.
Even amidst the chaotic abandoned construction sites and the desolate scenery of long-term neglect, it is difficult to conceal the former prosperity it had when it was first built.
A gust of cold wind blew, and the empty and magnificent building emitted a mournful and desolate moan. It seemed to be lamenting its own half-life of desolate fate.
A burly middle-aged man sat on the ground, gazing up at the sorrowful scene of the building in front of him. He took a deep breath of cigarette smoke, allowing the thick fumes to envelop his face, filled with a sense of unwillingness.
Today should have been the last day for him to be chased by the bank for a loan of billions. If unable to repay the huge loans from two banks.
The builder of Glory Edifice, Freddie Strickland, who has been running Glory Group for nearly twenty years, will collapse with a bang.
From then on, he personally shouldered heavy debts and struggled in the endless abyss of indebtedness with humiliation. Chapter 111 Glory Edifice
Three years ago, the Glory Edifice in the southern part of the city was his most proud masterpiece.
Starting at the age of twenty, | started from scratch and worked hard for more than ten years before finally achieving success. Because the Hallcester city south plot connects the most developed area in the southeast of Londraland, Dimburgh.
A few years ago, there was a widespread rumor that the Hallcester government planned to vigorously develop the southern area of the city.
We were preparing to develop this area into the largest commercial center in Hallcester. Several real estate developers with substantial capital quickly identified this area after receiving the news.
They went everywhere to seek investments and borrow from banks, preparing to make a big move in the southern part of the city. They planned to establish shopping malls and a business center here.
Freddie was one of them.
Three years ago, he gambled his entire fortune of ten billion and borrowed one hundred billion from the bank to build the Glory Edifice.
Freddie at that time was full of passion.
He planned to build this building into a landmark-style shopping mall. with a height of 380 meters, and named it Glory Edifice. The total investment was estimated at 13 billion.
This kind of gamble caused a sensation in Hallcester at that time.
Chapte 111 Glory Face
Three years ago, the Glory Edifice in the southern part of the city was his most proud masterpiece.
Starting at the age of twenty, | started from scratch and worked hard for more than ten years before finally achieving success. Because the Hallcester city south plot connects the most developed area in the southeast of Londraland, Dimburgh.
A few years ago, there was a widespread rumor that the Hallcester government planned to vigorously develop the southern area of the city.
We were preparing to develop this area into the largest commercial center in Hallcester. Several real estate developers with substantial capital quickly identified this area after receiving the news.
They went everywhere to seek investments and borrow from banks, preparing to make a big move in the southern part of the city. They planned to establish shopping malls and a business center here..
Freddie was one of them.
Three years ago, he gambled his entire fortune of ten billion and borrowed one hundred billion from the bank to build the Glory Edifice.
Freddie at that time was full of passion.
He planned to build this building into a landmark-style shopping mall with a height of 380 meters, and named it Glory Edifice. The total investment was estimated at 13 billion.
This kind of gamble caused a sensation in Hallcester at that time.
Chapter 111 Glory Edifice
Many real estate tycoons in Hallcester once admired Freddie’s courage.
However, there were also some people who were sweating over his gambler—like investment.
After all, the official development investment document from the municipal government had not been issued yet.
If Freddie had won this bet, he would have instantly transformed from a third-rate estate into the second-tier aristocracy, just below the Huber family and the Reynell family.
However, Freddie never received the official document from the city government in the end. This billion-dollar gamble came to an abrupt end halfway through last year!
When the Glory Edifice reached a height of 100 meters, the Hallcester government delivered a fatal message that the development of the southern city plot would be temporarily halted.
In recent years, the municipal government has focused on investing in City East.
It is the commercial and amusement area project of the Eastern Business District, which was invested by the four major families including the Huber Group.
As soon as this news spread.
Many capital giants in Hallcester, who invested in building towers and commercial streets in the southern part of the city, immediately lost confidence.
They withdrew their investments one after another.
Chapter 111 Glory Edifice
This situation directly led to Freddie’s severe financial chain rupture.
Glory Edifice also became the largest abandoned building ever invested in and with the largest scale in the history of Hallcester. Over the next year and a half, Freddie faced severe financial shortages.
Had to borrow money everywhere, even resorting to borrowing at high interest rates to build the Glory Edifice.
Barry from Demon’s Lair also invested a majority of the funds and lent them to Freddie in the form of a high-interest loan.
It was simply impossible to construct a nearly 400—meter landmark- style building with the enormous interest and debt.
Freddie, unable to bear it any longer, had no choice but to resort to self-amputation for healing.
The city government applied multiple times to auction off the construction rights of Glory Edifice, but each auction ended in failure with no bids.
again borrowed money
In desperation, Freddie once from various sources, hoping to transform Glory Edifice into a 200—meter tall building with a direct roof.
At least, this way it can be sold at a low price to realize and repay the huge debt owed. However, he couldn’t get a single penny of investment even after seeking help from his brothers and sisters. No capital investor was willing to invest funds into Glory Edifice.
Everyone knows that it was difficult for the municipal government to initiate development on the southern plot in a short period of time.
ter 111 Glory Edifice
Investing funds here is no different from throwing them down the drain.
Freddie found himself in a state of extreme distress from then on.
He needed a large amount of funds to circulate.
Over the past year, he sold all his profitable assets in order to establish Glory Edifice. Unfortunately, Glory Edifice couldn't be built in just one day.
The industries he sold could only repay a portion of the huge interest. and high loans.
The two banks that had loaned money to his family, after multiple unsuccessful attempts to collect the payment, also initiated the procedure to reclaim the loan in advance.
Today was the final repayment deadline for both banks.
If the loan borrowed from the bank for the construction of Glory Edifice could not be repaid to the bank. So, not only would Glory Edifice be taken over by the bank today.
Moreover, Freddie personally faced the risk of being sued due to his massive debts..
In the past few months, the tragedy of Freddie and Glory Edifice in the Hallcester real estate industry has been widely circulated with great sadness.
Three years ago, he participated in a high-stakes gamble, which also became the biggest joke in the Hallcester real estate industry.
Everyone concluded that Freddie was really finished this time.
Chapter 111 Glory d
With only one day left. how could he possibly retrieve nearly billions of capital and return it to the bank? Under such circumstances, no investor would be willing to guarantee. and invest in him.
Freddie, this strong man, found himself trapped in an unsolvable deadlock.
Unless a miracle happened today.
Looking at the Glory Edifice in front of him, Freddie shed tears of despair.
This building was cherished and loved like its own child, carrying all of its expectations.
However, Freddie, including everyone, did not know.
Wait for three more days, and he and Glory Edifice will be able to turn the corner.
Because the municipal government had already decided to announce an explosive piece of information three days later.
In the next ten years after this year, the municipal government will focus on developing the southern area of the city.
If the bank loan could be postponed for another three to five days, Freddie would be the biggest winner in the Hallcester real estate industry.
However, fate played a huge joke on him!
Just three days before Freddie could turn the tables, he was about to fall tragically...
Chapter 111 Glory Edifice
Except for Robin, no one in Hallcester knew that the southern plot of land would become a capital gathering place in three days. At this moment, Freddie looked at his beloved masterpiece, tears streaming down his face.
It is said that men do not easily shed tears, but it is only because they have not reached the point of sadness. Freddie knew that today his once grand dreams would turn to ashes. and never come again.
He let out a long howl to the sky, shouting out the endless despair in
his heart.
Perhaps, this was the price | paid for taking a gamble.
If we had waited for three more days, everything would have been completely different.
However, there are no “ifs” in this world.
Three days is a distance that is impossible to reach, even for a billionaire and a pauper.Content is property © NôvelDrama.Org.
Sitting under the Glory Edifice, Freddie finished a whole box of cigarettes.
When he remembered the time when Glory Edifice was being built, even when he was sitting at home, people would come to him for investment.
But now, even if it was only 100 dollars, no one is willing to invest in Glory Edifice.
Did | really come to the end by myself today?
111 Glory Face
Freddie looked around hopelessly and saw nothing but the half—built Glory Edifice and a desolate landscape. Suddenly, he saw a news on his phone.
The Reynell family faced investment obstacles, while the Huber Group successfully made a significant mark in the Eastern Business District.
Upon reading this news, Freddie immediately became excited.
Did the Reynell family from World Real Estate face obstacles in their investment in the cast of the city?
If they were willing to invest in continuing the construction of Glory Edifice, perhaps they could still turn the tide. They only needed to invest another 5 billion.
Glory Edifice would become a landmark building in the southern part of the city.
Even though the municipal government will not invest in the southern part of the city in the near future.
However, with the Glory Edifice and the partially constructed commercial street, it was possible to create a prosperous southern business district!
At that time, Glory Edifice would quickly become a hot commodity.
Thinking of this, Freddie tidied up his messy hair and drove towards the office building of World Real Estate. He wanted to make one final move for himself and Glory Edifice.
No matter how the outcome was, one must make an effort once.
Chapter 111 Glory Edifice
If the Reynell family of World Real Estate could be persuaded to invest in the south of the city, there might still be a glimmer of hope.
The Reynell family had a vast amount of wealth, and if they had a long-term vision, Freddie believed that he could convince them.
In that case, Glory Edifice could be resurrected again!