Ontario · Receivership (court-appointed)
Second Interim Report of the Receiver - Section 246(2) of the BIA
Court officer report · 15 September 2026
What we verified from this filing5 verified
- closing confirmedscope: the JV Entities' interests of the Oakville and Georgian JV Entities to Riocan · outcome: completed · effective: 2026-01-05 · date basis: stated
- purchaserprice: note: gross consideration stated in millions ($63.0 million) · basis: cash · amount: 63 · sealed: false · currency: CAD · scope: the JV Entities' interests of the Oakville and Georgian JV Entities to Riocan · status: closed · name note: purchaser of the Oakville JV Entity interests, unnamed in this excerpt · structure: shares · name source: recital · relationship: unstated; price: note: gross consideration stated in millions ($79.1 million) · basis: cash · amount: 79.1 · sealed: false · currency: CAD · scope: the JV Entities' interests of the Oakville and Georgian JV Entities to Riocan · status: closed · name note: purchaser of the Georgian JV Entity interests, unnamed in this excerpt · structure: shares · name source: recital · relationship: unstated; price: sealed: false · scope: Calgary, Vancouver, Ottawa and Devonshire properties · status: approved · name note: purchasers under executed asset purchase agreements for Calgary, Vancouver, Ottawa and Devonshire, unnamed in this excerpt · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Accordingly, the Receiver remains of the view that it is unlikely that there would be any recoveries available for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Following consultations with applicable stakeholders, on March 4, 2026, the Receiver issued a notice of rejection of the Yorkdale lease, effective April 3, 2026, to the Yorkdale landlord resulting in nil recovery for 2491815 Ontario Limited Partnership from the rejected lease. · pct of: unstated · outcome: nil · stated by: receiver · class label: 2491815 Ontario Limited Partnership (rejected Yorkdale lease) · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-15 · table missing:
- sale advisorCBRE; RBC Capital Markets
- sale outcometext: Status of the JV Properties as at May 31, 2026 · scope: whole_business · status: liquidation_in_progress