Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 15 September 2025
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What we verified from this filing9 verified
- secured creditorsnote: Related party: RioCan is the Applicant/parent-affiliate group in this proceeding and is expressly identified in the Order as a secured lender ('Oakville Secured Lenders' - second priority). No balance stated. · page: 20 · creditor: RioCan (RioCan Real Estate Investment Trust and affiliated Applicants) · currency: CAD · security: Second priority secured lender position in respect of the Oakville Place property, subordinate to TD Bank/Canada Life
- secured creditorsnote: Related party: RioCan is the Applicant/parent-affiliate group and is expressly identified as a secured lender ('Georgian Secured Lenders' - second priority). No balance stated. · page: 20 · creditor: RioCan (RioCan Real Estate Investment Trust and affiliated Applicants) · currency: CAD · security: Second priority secured lender position in respect of the Georgian Mall property, subordinate to Desjardins
- secured creditorsnote: Schedule B lists a $2 million Initial Maximum Permitted Amount of the Receiver's Borrowings Charge for each of the three properties separately (components not summed); these are charge caps, not loan balances. · page: 32 · creditor: Bank of Montreal, as administrative agent for itself and certain other lenders · currency: CAD · security: First mortgage financing ("BMO First Mortgage Financing") against three properties: Downtown Calgary (200 8th Avenue S.W.), Carrefour Laval (3045 Boulevard Le Carrefour), and Promenades St. Bruno (Boulevard des Promenades)
- secured creditorsnote: The $2 million figure is the Initial Maximum Permitted Amount of the Receiver's Borrowings Charge, not the loan balance. · page: 32 · creditor: Desjardins Financial Security Life Assurance Company · currency: CAD · security: First priority mortgage financing ("Ottawa First Mortgage Financing") against Downtown Ottawa property, 73, 85 and 87 Rideau St., Ottawa, ON
- secured creditorsnote: Referred to in the Order as the 'Oakville Secured Lenders' (first priority); Schedule B states 'No maximum' for the Receiver's Borrowings Charge as against this property; excluded from certain stays given first-priority status. · page: 32 · creditor: The Toronto-Dominion Bank and The Canada Life Assurance Company · currency: CAD · security: First priority mortgage financing ("Oakville First Mortgage Financing") against Oakville Place property, 240 Leighland Avenue, Oakville, ON
- secured creditorsnote: Referred to as 'Georgian Secured Lenders' (first priority); Schedule B states 'No maximum' for the Receiver's Borrowings Charge as against this property; excluded from certain stays given first-priority status. · page: 32 · creditor: Desjardins Financial Security Life Assurance Company · currency: CAD · security: First priority mortgage financing ("Georgian Mall First Mortgage Financing") against Georgian Mall property, 509 and 545-547 Bayfield St., Barrie, ON
- secured creditorsnote: Listed in Schedule B as a JV Secured Lender; the $2 million figure shown is the Initial Maximum Permitted Amount of the Receiver's Borrowings Charge allocated to this property, not the outstanding loan balance/registered principal, which is not stated. · page: 32 · creditor: Royal Bank of Canada · currency: CAD · security: First priority mortgage financing ("Montreal RBC First Priority Financing") against Downtown Montreal property, 585 Ste-Catherine St. W., Montreal, QC
- secured creditorsnote: The $2 million figure is the Initial Maximum Permitted Amount of the Receiver's Borrowings Charge for this property, not the loan balance. · page: 32 · creditor: Royal Bank of Canada (formerly HSBC Bank Canada), as administrative agent for itself and certain other lenders · currency: CAD · security: First mortgage financing ("Vancouver HSBC First Mortgage Financing") against Downtown Vancouver property, 674 Granville St., Vancouver, BC
- secured creditorsnote: The $2 million figure is the Initial Maximum Permitted Amount of the Receiver's Borrowings Charge for this property, not the loan balance. · page: 34 · creditor: Royal Bank of Canada, as administrative agent for itself and certain other lenders · currency: CAD · security: "Yorkdale RBC Financing" against Yorkdale Shopping Centre, 3401 Dufferin St., Toronto, ON