The sale of the Libfeld property empire was ordered by an Ontario Superior Court judge in 2021.

The sale of the multibillion-dollar real estate empire assembled by Toronto’s Libfeld family has begun more than four years after it was first ordered by a judge, the final stage of an acrimonious battle between four brothers who inherited the sprawling portfolio from their father.

Up for sale is one of the largest property portfolios from a single source seen in Ontario in recent years, with 61 individual sites, 884 acres of development land and 1.4-million square feet of commercial space. Across the properties there is planning potential to build as many as 16,000 units of high-density housing.

When the sale was ordered by an Ontario Superior Court judge in 2021, the Conservatory Group’

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