Surrey Retail Complex Owned By Landmark Premiere And Cenyard Facing Foreclosure

The Guildford Place retail complex at 10310–10340 152nd Street in Surrey, situated just east of Guildford Town Centre, is now in danger of foreclosure. The property, a three‑acre site housing businesses like Tim Hortons, Papa John’s, and Anytime Fitness, is co‑owned by Vancouver developer Landmark Premiere Properties and Cenyard Investments .

On April 28, lenders Brilliant Phoenix Mortgage Investment Corp. and an individual named Ziqiang Fan launched a foreclosure action over a mortgage taken out in October 2023. The mortgage had an original principal of $5.5 million, and the outstanding balance – including interest as of April 30 – had grown to about $5.77 million . With interest accruing at RBC Prime + 25%, the debt is climbing fast.

The mortgage is held by several guarantors, including Landmark Premiere Properties (Guildford) Ltd., Cenyard Investments Ltd. and their CEOs, Helen “Yuxia” Sun and Jeffrey Liu . The lenders have requested an order nisi—a court’s first step confirming the debt—and a sale order, allowing them to sell the property if the loan isn’t repaid by the redemption date set by the court .

This foreclosure marks the third legal proceeding targeting Landmark Premiere in recent months. Earlier in 2025, two other site projects in Vancouver faced insolvency and foreclosure. One involved the Shawn Oaks development, with more than $100 million in debt, and another covered three single‑family parcels in the Oakridge area totalling nearly $15 million .

While the $5.77 million owed on Guildford Place is modest compared to its BC Assessment value of $43.3 million, the lender is pressing hard. If the foreclosure goes ahead, the property could be put up for sale in a court‑supervised process .

In late May, Cenyard Properties confirmed it now fully owns Guildford Plaza (formerly Guildford Place) following transactions completed on May 16. Cenyard said it's received financing from a major bank and plans to advance the site's redevelopment. The new mixed‑use plan includes up to three towers with about 1,000 residential units, along with community and commercial spaces. The project is still in early rezoning stages .