Judge rules Vancouver West End condo assembly can be sold off despite holdout owners' protests

Posted by Michael La Prairie on Friday, March 16th, 2018 at 11:29am.

A judge has ruled that the sale of a Vancouver West End assembly can proceed despite two holdout owners who believed the sale price was too low and that they were not kept informed during the sale process.

Barclay Terrace is a 36-unit concrete complex built in 1992 and located at 1075 Barclay St. in Vancouver’s West End.

Of the 36 units in the building, 34 belong to two corporations, Barclay Thurlow Property Inc. (BTPI) and Shepstone Investments Inc., referred to as the majority owners.  BTPI is affiliated with Westbank Corporation and Shepstone with Bosa Properties Ltd.

The units had been gradually purchased by the companies from individual owners with the goal of winding up the strata corporation and selling the property for redevelopment.

Continue reading Judge rules Vancouver West End condo assembly can be sold off despite holdout owners' protests at Vancouver Sun Website

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