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REPORTS SUBMITTED TO THE U.N. CONCERNING HUMAN RIGHTS ABUSES BY LANDLORD AKELIUS CANADA LTD AND SUBSIDIARIES IN GERMANY AND ENGLAND

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UN accuses Toronto apartment owner of human rights abuses CBC


REPORTS SUBMITTED TO THE UNITED NATIONS CONCERNING AKELIUS RESIDENTIAL BUSINESS PRACTICES IN CANADA, GERMANY AND ENGLAND
Country: Canada
City / Location: country-wide
Period / Date: since 2014 - ongoing
Subject: Information received concerning the impact of Akelius Canada’s business model on the right to housing of tenants in Akelius’ apartment blocks in Toronto and MontrĂ©al, which illustrates the negative impact of financialization of housing in Canada.
LINK TO REPORT 27 Apr 2020 CanadaALCAN 1/2020

Country: Other actors
City / Location: country-wide
Period / Date: since 2014 - ongoing
Subject: Information received regarding the impact of the business model of real-estate company Akelius on the human rights of tenants in the apartment blocks it owns in Canada, Germany and the United Kingdom.
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Akelius Canada Ltd. outmaneuvered by The Wynn Group of Companies in their sale of eight buildings to Timbercreek Asset Management

CASE BROUGHT BY AKELIUS CANADA LTD

CITATION:Akelius Canada Inc. v. 2436196 Ontario Inc. et al., 2018 ONSC 6138COURT FILE NO.: CV-16-547529MOTION HEARD: 20180613SUPERIOR COURT OF JUSTICE - ONTARIORE:Akelius Canada Inc., PlaintiffAND:2436196 Ontario Inc. and B’nai Fishel Corporation, DefendantsBEFORE:      Master P.T. SugunasiriCOUNSEL:   Calina, V., Counsel for the Plaintiff/Moving PartyClark, S., Counsel for the DefendantsHEARD:         June 13, 2018REASONS FOR DECISION[1]The Plaintiff and Defendants are sophisticated parties to a commercial real estate contract involving eight properties in Toronto (“Properties”). The transaction was set to close on January 7, 2016. However, due to what the Plaintiff characterizes are breaches on the part of the Defendants, the transaction did not close. The crux of the claim is that the Defendants failed to convey good title to certain properties by failing to discharge mortgages, thereby scuppering the deal. As a result of this alleged breach of con…