When WE Charity abruptly announced Wednesday that it would shut down in Canada and sell its assets, it did not say what would happen to the millions of dollars worth of real estate held by affiliated companies.
WE Charity has paid $26.1 million for Toronto real estate, according to Ontario land registry documents. The six properties, storefronts clustered around the charity’s headquarters at Queen St. E and Parliament St, were bought between 2015 and 2018 and intended to one day become a “campus for good.”
Immediately adjacent to the WE properties is an additional $13.1 million in property owned by Me to We Asset Holdings, Me to We Foundation and a numbered company registered to a staff member of WE Charity.
No comments:
Post a Comment