Ontario · Receivership (court-appointed)
Second Report of the Receiver - Part 1, dated September 23, 2024
Court officer report · 23 September 2024
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What we verified from this filing7 verified
- operational summaryThe Receiver continues marketing and selling the King Square retail units, having entered four agreements of purchase and sale (including the APS under review) with closings staggered through March 2025, while separately advancing planning approvals and marketing efforts to sell the adjacent Development Land, for which no bid deadline has yet been set.
- process resultsndas: 28 · note: Figures relate to the Development Land marketing process by EYRE. · as of: 2024-09-23 · solicited: 500
- purchaser2727297 Ontario Inc.
- report date23 September 2024
- report noSecond Report
- sale advisorErnst & Young Orenda Corporate Finance Inc.; Ernst & Young Real Estate Services Inc.; Homelife Landmark Realty Inc. Brokerage; AimHome Realty Inc. Brokerage
- sale outcometext: King Square Units: four agreements of purchase and sale for Permitted Transactions entered into; two vesting orders signed for early fall closings; the APS for units 2R1/2R2 requires court approval as it exceeds the Permitted Transaction threshold · scope: parcel · status: pending_approval