Former Doman building sold for about $7 million by League Assets

Duncan's former Doman financial building, the Cowichan District Financial Centre, has been sold by Victoria's League Assets group of companies for about $7 million to a Vancouver-based numbered company.

League director Adam Gant also confirmed Thursday his firm aims to sell Duncan Mall and Duncan Plaza.

The sales are part of League's restructuring under the Companies' Creditors Arrangement Act.

"It was approved Tuesday and will close in about two weeks," he said of the three-story centre, Western Forest Products' former headquarters on Trunk Road.

Gant was optimistic the sales will help his firm repay its lenders.

He expected the revamped 40,000-square-foot centre — bought by the numbered firm under Paul Myers — would continue renovations to attract a mix of renters, now anchored by Scotiabank.

Summer saw the mall and plaza amid multi-million dollar refinancing and foreclosure action against some of the complex’s owners.



We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Federal-tax scam strikes Cowichan
ELECTION 2104: Cow Bay incumbent wants to stay the course, challenger seeks overhaul
Trash trauma at Cobble Hill turnaround riles resident
UPDATE: 2 confirmed dead in Marysville, Washington school shooting
Ford opts for Mexico for engine plant: Unifor
FCANCER AND FAMILIES-Part 2: Family knew little of children’s cancer
Flu shot-or-mask rule upheld by arbitrator
H1N1 flu returns, targets younger people
Exchange student injured in apparent robbery attempt

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 24 edition online now. Browse the archives.