The B.C. mall owner hoping to buy dozens of Hudson’s Bay leases has offered $6 million to take over three locations in malls that she owns, describing it as just the beginning of a new department store empire.
Ruby Liu’s offer puts a $2 million price tag on each of the leases at Tsawwassen Mills, Mayfair Shopping Centre and Woodgrove Centre in B.C., malls she owns through her real estate business, Central Walk.
The deal still needs court approval. It is separate from a bid Liu made for up to 25 other leases held by the Bay and sister companies Saks Fifth Avenue and Saks Off Fifth.
The new
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