Stephen Avenue Place

MNP Ltd. was re-appointed as the Receiver (the “Receiver”) of selected property (the “Property”) of SCREO I 700 2^nd Inc., 58508 Alberta Ltd., and SCREO I 700 2^nd L.P., by its general partner SCREO I 700 2^nd GP Inc. (the “Debtors”) pursuant to a Receivership Order (the “Order”) pronounced by the Court of King’s Bench of Alberta on October 15, 2025.  A copy of the Order and all publicly available information will be made available on this website.

The Property includes the commercial building known as Stephen Avenue Place located at 700 2^nd Street SW in Calgary, Alberta and all personal property located on or used in conjunction with Stephen Avenue Place.  

MNP Ltd. had previously been appointed as the Receiver of Stephen Avenue Place on October 5, 2023.  On December 29, 2023, the Debtors executed a forbearance and loan amending agreement with their lenders, which included, among other terms, the discharge of the Receiver. On January 12, 2024, the Court granted an order approving, among other relief, the Receiver transitioning Stephen Avenue Place back to the Debtors upon the filing of a certificate (the “Transition Certificate”). The Transition Certificate was filed and the Receiver’s obligations with respect to Stephen Avenue Place were terminated effective January 19, 2024.

Various defaults under the Forbearance Agreement led to the re-appointment of the Receiver on October 15, 2025.