Edmonton City Centre Inc., the company owning City Centre Mall and three attached office towers (TD Tower, Oxford Tower, and Centre Point Place) in downtown Edmonton, has entered receivership following a court order issued Monday. PricewaterhouseCoopers Inc. (PwC) has been appointed to take control of these assets, which amount to over 1.4 million square feet of retail and office space, with the typical aim of selling or liquidating them to repay outstanding debt. The receivership application was submitted by Montreal-based commercial real estate investor Otéra Capital Inc.
Owner of Edmonton City Centre Mall goes into receivership
Edmonton
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TL;DR: Key points with love ❤️Edmonton City Centre Inc., the company owning City Centre Mall and three attached office towers (TD Tower, Oxford Tower, and Centre Point Place) in downtown Edmonton, has entered receivership following a court order issued Monday. PricewaterhouseCoopers Inc. (PwC) has been appointed to take control of these assets, which amount to over 1.4 million square feet of retail and office space, with the typical aim of selling or liquidating them to repay outstanding debt. The receivership application was submitted by Montreal-based commercial real estate investor Otéra Capital Inc.
Trending- 1 Monday: Court order issued for Edmonton City Centre Inc. to go into receivership
- 2 Otéra Capital Inc. submitted the application for receivership
- PwC can take possession and exercise control over City Centre assets
- Assets may be sold or liquidated to repay debt
What: The company Edmonton City Centre Inc., owner of City Centre Mall and associated office towers, has gone into receivership. PricewaterhouseCoopers Inc. (PwC) has been appointed as the receiver.
When: Monday (court order issued), published July 10, 2025.
Where: Downtown Edmonton, Alberta, Canada.
Why: To repay an outstanding debt, following an application for receivership by Otéra Capital Inc.
How: Through a court order, appointing PricewaterhouseCoopers Inc. as the receiver to take possession and control over the assets.