Hudson’s Bay Lease Sales Advance Amid Courtroom Drama and Creditor Pressure
- ClearView Insider
- 2 days ago
- 1 min read
Hudson’s Bay has reached new agreements to sell six retail leases as it continues efforts to recover value for lenders and creditors following its 2024 collapse. YM Inc.—parent company of brands such as Urban Planet and Suzy Shier—will acquire five leases for $5.03 million, including one at CrossIron Mills in Rocky View, Alberta. Another lease at Metrotown in Burnaby will go to Ivanhoe Realties for $20,000.
Meanwhile, B.C. billionaire Ruby Liu, who previously acquired three leases at malls she owns, is facing pushback on her proposed deal to purchase 25 additional leases, amid landlord concerns over her business plan.
Hudson’s Bay is now seeking an extension of creditor protection to October 31 as it works to finalize lease sales, approve Liu’s bid, and auction off art assets. In total, dozens of mall properties are in play, and the outcome will have ripple effects across Canadian retail markets.
Source: Western Investor, “More lease deals reached for Hudson's Bay locations,” July 22, 2025. More lease deals reached for Hudson's Bay locations - Western Investor
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