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The light of day? The starting price is 171 million! Gaoming Hecheng Xintiandi opened a bidding to recruit investors for the reorganization

author:House cube

After more than 5 years of unfinished, Gaoming Hecheng Xintiandi is about to usher in the dawn?

Leju learned from the Jingdong auction website that at present, the manager of Foshan Tianfu Real Estate Co., Ltd. (Guangdong Tiandizheng Law Firm) determines the reorganization investor of this case by public bidding on the Jingdong Auction bankruptcy and liquidation platform, with a starting price of 171 million yuan, and the auction time is from May 25 to May 26.

The light of day? The starting price is 171 million! Gaoming Hecheng Xintiandi opened a bidding to recruit investors for the reorganization

According to the announcement, the bidder will become the reorganization investor of Tianfu Company, and after the Gaoming District Court rules to approve the reorganization plan and pay off the balance of the auction transaction, it will obtain the reorganization investment rights and interests of Tianfu Company in accordance with the law, namely 599 properties and 498 parking spaces of the Hecheng Xintiandi Plaza project, with a total construction area of 112,669.78 square meters.

In addition, the buyer is required to fulfill the relevant rights and obligations in accordance with the reorganization plan of Tianfu Company, and must complete the procedures for the continuation and completion of the acceptance, deliver 128 apartments, and bear the relevant risks.

According to reports, at present, only the main structure engineering and part of the curtain wall and fire protection installation project have been completed from the basement of the No. 1 podium of the Hecheng Xintiandi Plaza project to the sixth floor above ground, and the main structure and exterior wall engineering of the No. 2 and No. 3 towers (8-16 floors) have only been completed, and the curtain wall has only completed the frame and no glass has been installed.

The light of day? The starting price is 171 million! Gaoming Hecheng Xintiandi opened a bidding to recruit investors for the reorganization

The Hecheng Xintiandi Plaza project has been suspended for many years, and the administrator has not taken over all the engineering materials after Tianfu entered bankruptcy proceedings. Therefore, the buyer needs to verify the land acquisition, project approval, planning, design, construction application, construction, pre-sale and other circumstances of the project, and bear all the corresponding risks and costs.

The light of day? The starting price is 171 million! Gaoming Hecheng Xintiandi opened a bidding to recruit investors for the reorganization

It is understood that the project was supposed to be completed on September 30, 2019, but during this period, the developer suddenly stopped work during the construction process on the grounds of "financial problems", and has not been able to resume work until today, meeting the standard of completion and delivery. On April 27, 2021, Tianfu Company was ruled bankrupt and liquidated by the Gaoming District People's Court in accordance with the law.

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