TORONTO — The owner of 11 malls is looking to wrest its Target stores from the failed big box’s insolvency proceedings, the Halifax Chronicle-Herald reports. Toronto’s Ivanhoe Cambridge Inc. told an Ontario Superior Court hearing that it would pay a premium if it meant excluding the properties from the receivership process. The landlord is teaming up with Oxford Properties Group to make its pitch to the court, in hopes of putting the lots back to business use again. The companies remained quiet about potential tenants, but Don Shiner of Mount Saint Vincent University’s business department said one Halifax location “would appear to make for an ideal location for one of the Ikea express outlets we’ve been hearing about.” Ikea has not elaborated on plans to roll out some 10 Canadian delivery depots.
Target landlord seeks control of leases
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024