February 22, 2022
1188308 B.C. Ltd., the owner of a commercial property comprised of a community shopping centre known as Maple Park Shopping Centre located in Quesnel, British Columbia, was placed in receivership on February 22, on application by 0891701 B.C. Ltd. (the “Petitioner”), which holds a mortgage on the property. The company has failed to maintain property and liability insurance, in breach of the terms of the mortgage. In addition, the Petitioner has received correspondence from the City of Quesnel and its fire department outlining several issues with the maintenance of the property, including fire code violations. The Petitioner has also discovered that there are significant tax arrears owing on the property, and that the company has been receiving rent from a tenant, contrary to its representations to the Petitioner. The Bowra Group was appointed receiver. Counsel is Norton Rose for the Petitioner.
By Dina Milivojevic