Fairwinds is for sale

Massive Nanoose Bay development just received approval to build up to 2,000 more homes

Fairwinds is for sale.

A notice on the Nanoose Bay development’s website Wednesday morning indicated the property — which has 700 homes, a championship golf course, private fitness centre, trails and a full-service marina — is for sale, about three months after receiving the zoning-bylaw go-ahead to build up to 2,000 more homes.

According to a notice on Fairwinds.ca: “In July 2014, the Regional District of Nanaimo (RDN) completed fourth reading and adoption of the zoning-stage bylaws for the Schooner Cove and Lakes District development. This milestone marked a natural time for Fairwinds’ ownership, bcIMC, to review the appropriate next course of action for Fairwinds. Having now completed that review, the decision has been made to put Fairwinds up for sale, and a sale process has commenced.”

The notice, which was no longer on the site later Wednesday morning, also indicated the golf club, Fairwinds Centre and Schooner Cove Marina will continue to operate, “business as usual.”

A spokesperson for the owners, bcIMC, responded to questions from The NEWS by e-mail Wednesday afternoon.

“bcIMC confirms the intention to sell Fairwinds. As a long-term investor, bcIMC reviews our investments as a normal course of business. We act in the best financial interests of our clients and are responsible for growing the long-term financial value of our clients’ funds.”

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