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Appeal Court approves $19.5m sale of Victoria Square property


Appeal Court approves $19.5m sale of Victoria Square property
- Photo by Roger Jacob
TWO Appeal Court judges have dismissed a property developer appeal of a judge’s approval of the sale of her family’s building at Victoria Square, Port of Spain.
The sale was aimed at recovering a large portion of a $40 million loan to trustees of the Guardian Defined Benefit Pension Fund Plan.
The dismissal of the appeal now means the property can be sold, but, there is a seven-day stay of the court’s decision.
Leonara Deslauriers challenged the sale of the building at 28-29Victoria Square, Port of Spain, by Guardian Asset Management (GAM), which lent her and her husband money to complete the Hevron Heights Towers at Mendez Drive, Champs Fleurs, in 2009. ....

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