Toronto – Real Estate Investment Branch of one of the country’s largest pension funds is concerned about the value of its assets if a BC billionaire is capable of buying 25 Huds Bay Pattas on his properties.
In court documents filed over the weekend, the Oxford Property Group argues that Ruby Liu will reduce the value and stability of its real estate portfolio and in detail, millions of pension scheme adversely affects the long -term interests of the beneficiaries.
Liu is looking to handle about two dozen bay pattas and uses spaces to create a new departmental store which he will name in himself and will fill it with entertainment, food and entertainment places.
Zamindars, including Oxford, are fighting Liu, saying that their plans are reduced, unrealistic deadlines and are bound to fail. Liu is confident that she can win property owners if a court allows her to purchase leases.
Pattos include three Oxford properties – Southscentra Mall in Calgary, Richmond Hill, Hillcrest Shopping Center in Onts, and upper Canada Mall in Pneumarkate, Onts.
Oxford Ontario is a real estate division of the municipal employee retirement system, which conducts pension of more than 600,000 scheme members. Oxford has assets more than $ 79 million and four continents under management under management.
This report of Canadian Press was first published on August 11, 2025.
Tara Deschamps, Canadian Press
