US EditionLandlord 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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31 Articles
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."
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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.
TORONTO — Cadillac Fairview says that British Columbia's one-billion-dollar plan to take over more than 25 former Hudson Bay rents "distrusts commercial common sense." Other mall owners consider it completely unrealistic. Accordingly, the authorities should not hand over to Ruby Liu these rents held by the former chain of stores. Hudson Bay put its leases on sale earlier this year, after being placed under the protection of its creditors and hav…
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