The southwest sea of Kunming market, which has been shut down for nearly 7 years, has made new progress.

A few days ago, The Paper reporter learned that the Southwest Sea of Kunming Market, which has been shut down for nearly 7 years and covers an area of nearly 2,000 mu, ushered in a turning point. Shanghai Dongyuan Meng Tian Investment Center, a subsidiary of Orient Asset Management Co., Ltd., as a restructuring investor, received the equity of Yunnan Renze Real Estate Development Company for free and lent Renze Real Estate a restructuring fund of up to 4.5 billion yuan. After the equity transfer, Shanghai Dongyuan Meng Tian will introduce Longhu Real Estate to continue to develop the Southwest Sea. At this point, Longhu, which has been in operation since 20 17, finally realized the curve of taking over the Southwest Sea.

Since the end of 20 13, the liabilities have reached16.9 billion.

In Kunming's real estate market, Southwest Sea is a phenomenal project. 20 1 1 and 20 13, Yunnan local developer Renze Real Estate won two plots of Kunming Dianchi National Tourism Resort for 331300 million yuan and14.83 million yuan respectively to build the Southwest Sea. According to the plan, the project covers a total area of about 2,000 mu, with a total construction area of about/kloc-0.8 million square meters, covering residential, commercial, business office, education and other sectors, of which the commercial scale will reach 490,000 square meters.

According to the data, the Southwest Sea is a unique version of Dianchi National Tourism Resort, with ultra-low density and high quality livable market. Due to its superior geographical location and land mass, this project is widely sought after. When 20 13 opened, the scene was hot, and the average price per square meter of 10000 was still hard to find. You can also find the report of the grand opening on the internet: 1000 people visited the site, the opening price was only 3, and the house sales were 95%. "It is reported that there was a drum performance by Yunnan Image Art Troupe at the opening ceremony, and even a helicopter was used to receive customers around Dianchi Lake to see the project.

However, as a local small-scale housing enterprise established in 2008, Renze Real Estate still can't afford such a huge project. Not long after the opening, the funds were broken, and the Southwest Sea project was stopped at the end of 20 13.

In the next seven years, Dianchi Tourism Resort, Country Garden, Green Space, etc. They all had the intention to take over, but in the end they fell through because of the debt problem of up to 654.38+0.69 billion yuan.

In the days of waiting for the project to resume work, the owner denounced it many times, but the problem has never been solved. Like other happy cities, the unfinished Southwest Sea has welcomed a group of "special" residents. Almost every uncompleted residential building has migrant workers or scavengers who are owed wages, and some even lived in it for at least three years, living a life of "gypsies in the city". Some unfinished buildings have no water or electricity. Domestic water and electricity use all depend on delivered buildings separated from another road, or water and electricity (facilities) left during project construction to meet daily needs.

Shanghai Dongyuan Meng Tian Loan, the undelivered part of Longhu Construction.

The reporter learned that the Dianchi Tourism Resort Management Committee has made a lot of efforts on the issue of returning to work in the Southwest Sea. On March 2019 12, the management committee of Dianchi Resort set up a special working group to rectify the urban village (southwest sea) project in Taihe area of the resort, and set up five working groups to station in Renze Real Estate respectively to carefully sort out and accurately verify the project situation and re-formulate the rectification plan.

At the end of June of the same year 1 1, the Dianchi Resort Management Committee promised to make substantial progress in the judicial reorganization of the Southwest Sea project before June 65438+February 3 1 and put the reorganization problem in place.

However, due to the epidemic situation, the first creditors' meeting of Renze Real Estate's bankruptcy reorganization originally scheduled for February 10 this year has been postponed to March 23rd, and the debtor's proposal for continuing operation and property management plan have been passed successively, and the developer Renze Real Estate has been agreed to resume business according to law. The Reorganization Plan of Yunnan Renze Real Estate Development Co., Ltd. (hereinafter referred to as the Draft Reorganization Plan) adopted at the second creditors' meeting on June 9 made these residents who had lived in uncompleted residential flats for many years see the hope of the revival of the Southwest Sea.

On August 3, WeChat, the manager of Renze Company, announced that at the second creditors' meeting of Renze Real Estate bankruptcy reorganization, creditors agreed to implement the draft reorganization plan submitted by the manager. Shanghai Dongyuan Meng Tian, a subsidiary of Orient Asset Management Corporation, will be the restructuring investor, receiving the equity of Renze Real Estate for free, and lending up to 4.5 billion yuan of restructuring funds to Renze Real Estate. After the equity transfer, Shanghai Dongyuan Meng Tian will introduce Longhu Real Estate to continue to develop the Southwest Sea project.

It is reported that there are still 273 mu of undeveloped land in the southwest sea project, and Renze Real Estate still needs to complete the repurchase and adjustment planning of some plots. In addition to taking over the development of the Southwest Sea, according to the reorganization plan, the commercial part of the Southwest Sea project will also be entrusted to Longhu Commercial Management Company for unified operation. The announcement of WeChat, the manager of Renze Company, said: "Up to now, the lifting of asset seizure has been basically completed, and we will strive to complete all the preliminary work of investing in restructuring funds within two months. At that time, we will pay off the creditor's rights in full, resume operations, start subsequent development and construction, and gradually implement the delivery of houses in accordance with the provisions of the reorganization plan. "