British Columbia · Receivership (court-appointed)
Third Report of the Receiver dated June 18, 2025
Court officer report · 18 June 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- operational summaryThe receiver has been marketing the District Northwest development for sale via a Sale Procedure anchored by a stalking horse bid, which terminated after too many pre-sale purchasers rescinded their contracts, and is now proposing an amended sale procedure with a new listing agent (JLL) to continue marketing the property.
- purchaser1419195 B.C. Ltd.
- report date18 June 2025
- report noThird Report of the Receiver
- sale advisorJones Lang LaSalle Real Estate Services, Inc.
- sale outcometext: Sale process pending; Stalking Horse Bid deemed the qualified bid; automatic success if no other qualified bids received. · scope: whole_business · status: pending_approval
- stalking horse1419195 B.C. Ltd.