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.
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