Ruby Liu, who owns three B.C. malls and a golf course, is looking to take over about two dozen Bay leases. Share Save for later Please log in to bookmark this story. Log In Create Free Account

The real estate investment arm of one of the country’s largest pension funds is worried about the value of its assets if a B.C. billionaire is able to buy Hudson’s Bay leases at its properties.

In documents filed with the Ontario Superior Court over the weekend, Oxford Properties Group argues transferring leases to “an unvetted and unproven” entrepreneur like Ruby Liu “poses a serious and unacceptable risk” to the company.

“A diminution in the value or stability of Oxford’s real estate portfolio would negatively impact the performance of OMERS’ investments, and by extensio

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