Centreville Homes (Essa Road) Inc. et al., Receivership

Centreville Homes (Essa Road) Inc. et al., Ontario-based real estate holding companies, were placed into receivership on application by a group of investors, owed over $15 million.

The companies own three properties — a 1.09 acre vacant parcel of land in Barrie proposed for the development of 36 back-to-back townhomes and 12 traditional townhomes; a 5.58 acre parcel of land in Shelburne proposed for the development of 58 unit townhouses; and a 2.49 acre vacant parcel of land in Pickering proposed for the development of 13 single family detached lots.

The loans advanced by the investors have matured without repayment.

Rosen Goldberg is the receiver.

Counsel is Dickinson Wright for the investors.