87亿！天津烂尾十年的最高楼，卖了

Core Insights - The former tallest building in China, the 117 Tower, has entered a revitalization process after being stalled for ten years, with six construction projects and corresponding land use rights auctioned for a base price of 8.667 billion yuan [2][14] - The winning bidder is Tianjin Tianxin Huachuang Group Co., Ltd., a newly established company with a registered capital of 10.109 billion yuan, backed by major creditors of the 117 Tower project [10][25] Project Overview - The 117 Tower was originally planned to be 597 meters tall with 117 floors above ground and 4 underground levels, featuring a total construction area of approximately 830,000 square meters [2][16] - The building was intended to house premium office spaces, a six-star luxury hotel, the world's highest observation deck, an indoor swimming pool, and a rotating restaurant [2][16] Financial Context - The auction attracted significant attention, with over 20,000 viewers, and the final bid was made by a single participant [2][14] - The proceeds from the auction will primarily be used to settle debts owed to the project's creditors, indicating a strategic move by creditors to resolve the debt crisis and seek asset appreciation [11][25] Ownership and Control - Tianjin Tianxin Huachuang Group's shareholders include major construction firms and financial institutions, with China State Construction Engineering Corporation holding a combined 51.77% stake, ensuring significant control over the project [10][25] - The involvement of these entities suggests a focus on stabilizing the project and potentially reviving its development [10][25] Risks and Challenges - The auctioned projects include several unlicensed constructions, which may face regulatory scrutiny, fines, or demolition orders, alongside existing safety hazards such as water accumulation in basements [10][24] - The auction price does not cover additional safety construction costs, indicating that the buyer will need to invest further capital for project completion [10][24]