Hudson's Bay agrees to pay Penticton mall 50% of rent for now | iNFOnews | Thompson-Okanagan's News Source
Image Credit: Google Maps February 08, 2021 - 7:00 AM Canada's oldest company has agreed to pay 50% of its rent in 2021 to a Penticton shopping centre amid a legal battle. In a consent order filed Jan. 5 in the Supreme Court of B.C., the Hudson’s Bay Company agreed to pay 50% of its ongoing rent amounts as they become due under the store and Cherry Lane Shopping Centre’s lease agreement, which totals $38,489 for 2021. The other half of the rent will be held in a Bay trust account which is subject to a subsequent agreement or further order of the court, according to the ...
Source: infotel.ca