Triumph Development HK Bradford Twin Regency Inc.

On March 1st, 2022, BDO Canada Limited was appointed by the Ontario Superior Court of Justice (Commerical List) as Receiver over real property owned by Triumph Development HK Bradford Twin Regency Inc. municipally known as 2362 Line 8, Bradford West Gwillimbury, Ontario.

Sales Process
REQUEST FOR OFFERS TO PURCHASE THE ASSETS, UNDERTAKINGS AND PROPERTIES OF TRIUMPH DEVELOPMENT HK BRADFORD TWIN REGENCY INC.

has retained Avison Young Commercial Real Estate Services, LP as its exclusive broker to solicit offers for the land located at 2362 Line 8, Bradford (the “Property”). The Property is a 9.45 acre residential development site with the Site Plan Approval process underway for a proposed 7 storey, 239 residential unit development with a GFA of 223,942 sq ft. The bid date is May 18th, 2022 at 5:00 pm EST. Further details can be found HERE. For a copy of the marketing package and confidentiality agreement, please contact Ben Sykes (ben.sykes@avisonyoung.com or 416-903-5340) or Aidan Mallovy (aidan.mallovy@avisonyoung.com or 647-502-8335).

The deadline date for the submission of non-binding offers is March 26, 2021.

Court Documents

• Application Record of the Plaintiff, Prudent Excellent Mortgage Investment Corporation dated February 22, 2022
• Court Order Appointing Receiver _ March 1, 2022
• Motion Record – Receiver – BDO Canada Limited – 08-September-2022
• Endorsement – Justice Cavanagh – 14-September-2022
• Approval and Vesting Order – Justice Cavanagh – 14-September-2022
• Administration and Interim Distribution Order – Justice Cavanagh – 14-September-2022
• Motion Record - Receiver - BDO Canada Limited - 07-October-2022
• Endorsement of Justice Cavanagh - 12-October-2022
• 2022-10-14-Supplementary-Endorsement-of-Justice-Cavanagh
• 2022-10-21 Endorsement of Justice Cavanagh - CV-22-00677227-00CL
• Supplementary Motion Record - Receiver - BDO Canada Limited - 11-November-2022
• Motion Record Receiver Nov 28 2022
• CV-22-00677227-00CL PRUDENT EXCELLENCE v. TRIUMPH DEVELOPMENT Endorsement Dec 9, 2022
• CV-22-00677227-00CL PRUDENT EXCELLENCE v. TRIUMPH DEVELOPMENT Order Dec 9, 2022
• 2023-03-01-Endorsement of Justice Penny
• 2023-03-01-Order of Justice Penny

Contact Us

Gary Cerrato, CIRP, LIT – Senior Vice President
BDO Canada Limited, Corporate FRS
Direct: 416-369-6058
gcerrato@bdo.ca