Nautical Lands Group sells remaining Harvest Retirement Community shares to Extendicare 

 

December 2, 2015

On December 2, 2015, Nautical Lands Group (NLG), premier owner, builder and operator of spacious apartment-style retirement residences and suites throughout Ontario, sold its remaining interests in Harvest Retirement Community (Harvest) for approximately $28.4 million. NLG plans to retain a significant portion of the land for future development.

NLG and its partner Baybridge Seniors Housing (Baybridge) co-owned the newly-built 64-suite property located in Tillsonburg, Ontario. Previously, McMillan LLP acted for NLG in the acquisition, financing, development, construction, management and partial sale and re-financing of the Harvest community to BayBridge.

Nautical was again represented by Patrick Murray and Jane Whittington of McMillan.