Delta Toronto East and Development Lands
Sales Date: June 2018
Client: KPMG Inc., in its capacity as court appointed liquidator of Tarn Financial Corporation
Buyer: Sunray Group
Colliers Hotels and Colliers Investment Services Group ("Colliers") are pleased to announce the successful sale of the 366-key full-service Delta Toronto East and Development Lands, approved for the construction of over 1,000 residential condominium units (the "Property") situated on a ±6.9 acre site.
Colliers was retained by KPMG Inc. (“KPMG”), in its capacity as court appointed liquidator (the “Liquidator”) of Tarn Financial Corporation. The Property was purchased by Sunray Group with a growing collection of nearly 40 hotels in Eastern Canada.