Cases Considered: Koppe v. Garneau Lofts Inc., 2008 ABQB 354
PDF Version: Rights of First Refusal and Options to Purchase: What’s the Difference?
Garneau Lofts Inc. had redeveloped commercial property in an historical structure which had been St. Joseph’s Hospital on Whyte Avenue, in the City of Edmonton. The redeveloped property, with shops on the main floor, became known as the Garneau Lofts, combining unique, luxurious suites with a popular Whyte Avenue location. Dr. Sandy Koppe, an optometrist, had leased a portion of the Garneau Lofts for an upscale boutique eye wear store. He had leased it on behalf of his employer, Eye Care Optometric Group Ltd., a company in which his daughters were the only directors and shareholders.