British Columbia · Receivership (court-appointed)
60) Receiver and Manager's Second Report dated December 9, 2020
Court officer report · 9 December 2020
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What we verified from this filing8 verified
- cash on handnote: Cash in Receiver's trust account as at November 25, 2020 · as at: 2020-11-25 · amount: 144136 · currency: CAD
- operational summaryThe Receiver is completing construction, marketing and selling the remaining residential units and the commercial retail unit at the property, dealing with pre-sale contract disputes, leases, and secured creditor claims, while advancing toward occupancy and final sales.
- professional feesnote: Excludes disbursements and taxes; legal fees for Owen Bird Law Corporation separately estimated at $400,000 plus disbursements and taxes · party: D. Manning & Associates Inc. (Receiver) · amount: 685905 · currency: CAD
- purchaserPatrick Hunter; Luigi Garcea and Cheryl Serraglio; Synvest Equities Ltd.; Synvest Equities Ltd.; Ezzati Holdings Inc.; price: sealed: false · scope: the CRU · status: proposed · name note: referred to as the 'Mr. Sweeper Offer', purchaser not named · structure: real_property · name source: recital · relationship: unstated; Mario Tinucci and Cheryl Bryce; Catherine Loo; Rino DiNicolo
- report date9 December 2020
- report noSecond Report
- sale advisorOakwyn Realty; CBRE Limited; Rennie Marketing Systems
- sale outcometext: Marketing and sale of the residential units and CRU is ongoing with several offers approved, some pending, and the Synvest bulk offer not accepted · scope: liquidation · status: liquidation_in_progress