Ontario · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 10 February 2026
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What we verified from this filing8 verified
- operational summaryThe Debtor is a holding company whose only asset is the mostly-vacant Moatfield office property; the Receiver is proceeding toward closing of the court-approved sale of the property while resisting an appeal challenging the sale approval order.
- process resultsbids: 6 · ndas: 23 · note: 23 parties signed confidentiality agreements, 10 toured the property; six offers before Bid Deadline; four revised offers by August 11, 2025; one new offer after August 11, 2025. · as of: 2025-07-17
- purchaser1001198779 Ontario Inc.
- recovery outcomeentries: basis: estimated · quote: BOCC, as the fulcrum secured creditor, and notwithstanding that it will face a shortfall in its recovery, is supportive of closing the Sale Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BOCC · creditor name: Bank of China (Canada) · interim final: unstated · claims qualifier: unstated · stated on: 2026-02-10 · table missing:
- report date10 February 2026
- report noThird Report of the Receiver
- sale advisorCushman & Wakefield ULC
- sale outcometext: The AVO approving the PSA and sale transaction was granted December 11, 2025; the Receiver is on track to complete the Sale Transaction by its scheduled closing date of March 19, 2026. · scope: whole_business · status: approved