Billionaire Ruby Liu is seeking to buy 25 former Hudson's Bay stores and launch a chain named after herself.

Hudson’s Bay and one of its top lenders are accusing landlords having “ulterior motives” for opposing a push to sell 25 leases to a B.C. billionaire.

In new court documents, the defunct department store and lender Pathlight Capital argue that landlords don’t want Ruby Liu to buy the Bay leases because they’d rather have the properties returned to them to fill as they wish.

If they got control of their properties back, Pathlight argues landlords would be free of lease restrictions which limit how their spaces can be used.

Pathlight says several of the objecting landlords have plans to redevelop the Bay properties for commercial, office, residential and recreational uses.

Court s

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