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Landlord says B.C. billionaire’s plan for Bay properties ‘defies commercial common sense’
BRITISH COLUMBIA, CANADA, AUG 9 – Ruby Liu plans to invest $255 million to renovate and stock two dozen stores but faces opposition from Cadillac Fairview citing lack of business experience and credibility.
- In filings on August 9, 2025, Cadillac Fairview told the Ontario Superior Court it opposes Ruby Liu’s plan, claiming it defies commercial common sense.
- Cadillac Fairview says Liu, who owns three B.C. shopping centres, has no brand, experienced staff or retail track record and her timeline is unrealistic and underfunded.
- Budget documents allocate $120 million for overdue repairs and $135 million in inventory, with staffing estimates showing she will need 1,800 employees.
- Liu and the Bay have until next Tuesday to respond to Cadillac Fairview’s allegations, and a judge will hear the case at the end of the month.
- Cost projections show over $15.8 million in repairs by end of 2026 and at least $43.1 million over 10 years, according to MacLeod.
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dailyguardian.ca
dailyguardian.caLandlord says B.C. billionaire’s plan for Bay properties ‘defies commercial common sense’
In filings to Ontario Superior Court, Cadillac Fairview says it is 'resolutely opposed' to Ruby Liu becoming a tenant at some of its malls as she has no credible business plan.
·Toronto, Canada
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Landlords say Ruby Liu’s plan for Bay properties ‘defies commercial common sense’
TORONTO - Several of Canada's most prominent real estate companies are slamming an attempt from a B.C. billionaire to take over 25 former Hudson's Bay leases, saying her plan for their spaces “defies commercial common sense” and is "entirely unrealistic."
Rocky Mountain Outlook+13 Reposted by 13 other sources
Landlord says Ruby Liu's plan for Bay properties 'defies commercial common sense'
TORONTO — Cadillac Fairview says a plan from a B.C. billionaire hoping to take over 25 former Hudson's Bay leases defies common sense and thus, she should not be allowed to move in.
·Canmore, Canada
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Total News Sources34
Leaning Left24Leaning Right1Center4Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
14%
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