British Columbia · Receivership (court-appointed)
First Report of the Receiver dated September 4, 2026
Court officer report · 4 September 2026
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What we verified from this filing7 verified
- cash on handnote: Excludes holdback funds of $3,266,271; figure is the closing balance in the Interim Statement of Receipts and Disbursements for the period April 27 to August 31, 2026. · as at: 2026-08-31 · amount: 314713 · currency: CAD
- disbursementsnote: Total disbursements per the Interim Statement of Receipts and Disbursements for the period April 27 to August 31, 2026. · since: April 27, 2026 (Receivership Order date) · amount: 5799767 · currency: CAD
- operational summaryThe Receiver has been stabilizing the substantially-complete residential/retail development by replacing the property manager, increasing leasing (from ~44% to ~55%), negotiating with critical trades to complete outstanding construction and deficiency work, and working toward final occupancy permits before commencing a sale process.
- professional feesnote: Legal Fees of $877,289 and Westbank PM Fees of $104,517 were also disbursed during the same period. · party: Receiver (AlixPartners) · amount: 605869 · period: April 27 to August 31, 2026 · currency: CAD
- receipts cumulativenote: Total receipts per the Interim Statement of Receipts and Disbursements for the period April 27 to August 31, 2026. · since: April 27, 2026 (Receivership Order date) · amount: 6114480 · currency: CAD
- report date4 September 2026
- report noFirst Report