British Columbia · CCAA
Monitor's First Report to Court
Court officer report · 19 August 2026
What we verified from this filing7 verified
- financial positionnote: Liabilities table (CAD in '000s): Senior Secured Loan (122,985); Mezzanine Loan (113,890); Total Secured Liabilities (236,875); Accounts Payable (1,815); Other Liabilities (3,453); Total Unsecured Liabilities (5,269). Corresponding assets table referenced (para 2.35) but its figures are not shown in the extracted text, so total assets could not be confirmed. · basis: Monitor-prepared summary of Debtors' financial position; basis/date not specified in text · scope: Debtors: PW 3 LP, PW 3 GP, PW 4 LP and PW 4 GP · currency: CAD · total liabilities: 242144000
- operational summaryThe Debtors are single-purpose entities holding undeveloped lands for a multi-phase residential project (Phases 3-5), with existing townhomes continuing to generate rental income; the Monitor is pursuing a court-supervised sale process (SISP) with a stalking horse bid to monetize the Property rather than continuing active development.
- purchaserthe Petitioners
- report date19 August 2026
- report noFirst Report
- sale outcometext: Monitor seeking order approving SISP supported by a stalking horse bid · scope: whole_business · status: pending_approval
- stalking horsethe Petitioners