从停工危机到资本接盘，悉尼地标Halo大楼命运反转

Core Insights - The "Halo Tower," a significant CBD project in Sydney, is under financial distress but may be saved by Cbus Property, a developer under an industry pension fund [1][4] - The project has faced challenges due to high debt levels exceeding AUD 500 million and rising construction costs, leading to a valuation skepticism of AUD 1.8 billion [3][4] - Cbus Property's potential acquisition could revitalize the project, which is expected to meet the increasing demand for premium office spaces in Sydney's tight market [4] Group 1: Project Background - The Halo Tower is a 55-story office building with a total planned area of 40,000 square meters, designed to be the world's tallest hybrid timber skyscraper [1] - Milligan Group, the original developer, consolidated over 70 property lots to establish the project but is now under significant financial pressure due to high leverage [3] Group 2: Financial Challenges - The primary loan for the project comes from Merricks Capital, with additional seller financing from about 60 original landowners [3] - A default notice was issued on a AUD 31 million loan, highlighting the project's precarious financial situation [3] - Merricks Capital provided an additional AUD 30 million loan for site demolition, which has improved investor confidence [3] Group 3: Market Context - The overall supply of office space in Sydney is tight, with increasing demand from top-tier tenants for quality CBD office spaces [4] - The successful revival of the Halo project would align with a broader trend of office building revitalization in Sydney, exemplified by other projects like Pitt Street 55 [4] - Cbus Property's potential entry into the commercial real estate market marks a strategic shift from its previous focus on residential development [4]