Peter Nygard wants to buy Winnipeg warehouse apartment, says it's been home outside of Bahamas for 40 years - Action News
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Manitoba

Peter Nygard wants to buy Winnipeg warehouse apartment, says it's been home outside of Bahamas for 40 years

Fashion designerPeter Nygardsayshe's been living in an apartment suite at his company'sNotre Dame Avenue warehouse for more than 40 years, while he was permanent resident of the Bahamas.

In court affidavit, Nygard says receiver changed the locks on his suite while he was away, refused him entry

In a court affidavit, Peter Nygard says he's been living in Canada for the past year and a half and considers an apartment suite inside his Winnipeg warehouse on Notre Dame Avenue home. (Annie I. Bang/The Associated Press)

Fashion designerPeter Nygard, who is facing a class-action lawsuit in New York from dozens of women who accuse him of sexual assault,sayshe has lived in an apartment suite at his company's Winnipeg warehouse on Notre Dame Avenuefor more than 40 years, while he was permanent resident of the Bahamas.

In a rare personal affidavit from Nygard filedin Manitoba's Court of Queen's Bench Thursday, he saysthe apartment has been his full-time home since he movedback to Canada a year and a half ago, and he wants to keep it that way.

"It was always my intention to continue my residency at 1340 Notre Dame during the summer, even though I spent most of my time at my summer lake residence,"Nygardsaid in the affidavit.

A Manitoba court heard in a Thursday teleconference thatNygard is currently living at his cottage in Falcon Lake, Man.

Nine ofhis companies were placed in receivership on March 18 after American lenders White Oak Commercial FinanceandSecond Avenue Capital Partnerstook them to court to recoup a loan worth more than $25 million US.

Richter Advisory Group Inc., which was appointed receiver for the companies,has been in the process of liquidating company assets for the past three months. The receiver hired Colliers, a commercial real estate company, to help sell four Nygard-owned propertiesin Winnipeg and Toronto, including theNotre Dame property.

Nygard says the receiver sent him written notice to leave the apartment by June 5,thenchanged the locks while he was away. He says two of his associates picked up some of his personal belongings, but were prevented from taking his personal items out of another building on the Notre Dame property, including cars in one of the three buildings on the property.

"I am the rightful owner of personal training equipment contained in my personal office areas, the [1977] Excalibur and the [2005] Hummer thatwere provided for my personal use as part of my remuneration package," said Nygard's affidavit.

The Notre Dame property includes two smaller buildings totaling 8,000 square feet that include a carpentry/maintenance shop. (Affidavit of Greg Fenske filed in Manitoba Court of Queen's Bench)

Nygard's lawyer toldcourt Thursday that Nygard was living in anapartment inside one of the buildings on the property,and tenantscannot be evicted during the COVID-19 pandemic.

Richter said Thursday it hasaccepted an unconditional offer ofpurchasethe Nygardproperty at the corner of Notre Dame and Clifton Street, and now needs court approval to finalize the deal.

The buildings on the4.6-acreproperty includea 69,000-square-footwarehouse and two smaller buildings that house a carpentry/maintenance shop, and a retail store.

The property has been on the market for six weeks and is listed at$5.2 million.The purchase offer is confidential, but court heardit isconsiderably lower than the asking price.

"The circumstances of the market are what they are, and none of us know whether or not in a month or two months prices will be better or worse," said Richter's lawyer Bruce Taylor on Thursday.

In his affidavit, Peter Nygard sayshe made an offer in March to rent and/or buy two of the buildings attached to the warehouse on the Notre Dame property that contain his office and residence, but the receiver didn't accept it.

"The receiver's main reasons for justifying such a low price were that the buyer (Mist Holdings) considered 10,000 square feet as not leasable, and they had no interest in the office/showroom buildings and in fact they planned to spend a considerable amount of money to tear these two buildings down," said Nygard'saffidavit.

Photos of the Notre Dame Avenue executive suite were included in an affidavit filed in the Manitoba Court of Queen's Bench in March by former Nygard employee Greg Fenske. (Affidavit of Greg Fenske filed in Manitoba Court of Queen's Bench)

He said his offer makes economic sense for everyone involved because it provides additional income for the receiver, and saves the buyer from having to spend money to tear the buildings down.

"Should the existing Mist Holdings offer somehow end up becoming less than its current offer, it is my opinion the court should require the new price to be disclosed and accept my offer of the revised price plus $50,000," said Nygard.

Richter told the court there was asecond offer on the property with a higher purchase price, but it wasbased on numerous conditions, including securing financing, zoning, and final approval by the company's board of directors.

"All of those factors ledthe receiver and Colliers to the conclusion that this was not an offer that was worth pursuing, or worth riskingthe [first] transaction over," said Taylor.

Four Nygard properties in Winnipeg and Toronto have been on the market since April, including this one on Notre Dame Avenue. There are three buildings on the 4.6-acre property, including a warehouse that contains a small office and five apartments. Peter Nygard says he had been living in one of the apartments. (Affidavit of Greg Fenske filed in Manitoba Court of Queen's Bench)

Still Nygard's lawyer argued thecourt should consider it.

"What's the rush given these COVIDconditions, which everyone agrees are at best uncertain and at worst have depressed the value of these properties," WayneOnchulenko said Thursday.

The court must now decide whetherNygard has a tenancy right to the property, and if it has the authority to evict him.

Justice James Edmond reserved his decision until next week.

Nygard is also the subject of acivil class-action lawsuit in New York, filed by 57women who say they were raped or sexually assaulted by him.

Nygard denies the allegations and nonehave been proven in court.No criminal charges have been filed.