Ontario · Receivership (court-appointed)
Nascent - Fourth Report of the Receiver - August 2, 2024.pdf
Court officer report · 2 August 2024
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What we verified from this filing8 verified
- cash on handnote: Represents advances made by Fiera for out-of-pocket expenses; a separate trust account holds $277,167.05 in Pre-Construction Deposits placed in an interest-bearing GIC. · as at: 2024-06-30 · amount: 13539.11 · currency: CAD
- operational summaryThe Receiver terminated the Sale Agreement/Amended APS with DIG after failing to agree on further extensions, and is now awaiting an Ontario Land Tribunal decision on increased density for the Property before re-engaging a broker and re-marketing it for sale.
- professional feesnote: DLA Piper (counsel to Receiver) fees for March 1, 2022 to July 31, 2024 totalled $123,306.41 (including $108,837.50 fees, $320.00 disbursements, $14,148.91 HST), reported separately. · party: Receiver (Grant Thornton Limited) · amount: 201037.9 · period: March 1, 2022 to March 31, 2024 · currency: CAD
- purchaserDIG
- report date2 August 2024
- report noFourth Report
- sale outcometext: terminated the Sale Agreement/Amended APS with DIG; Receiver intends to re-commence sales efforts once a final decision from the OLT has been rendered · scope: parcel · status: terminated
- stalking horsestate: stated