(Editor's note: The NEWS received the following news release from Fairwinds just before press time on Monday afternoon. What follows is the unedited news release. Watch upcoming editions of The NEWS for more on the buyers of Fairwinds and their plans.)
Bentall Kennedy announces that Vancouver-based Seacliff Properties Ltd. has agreed to purchase the Fairwinds Oceanfront Community on Vancouver Island.
The purchase includes the Fairwinds Golf Course, Schooner Cove Marina, Fairwinds Centre and development lands. The sale to Seacliff is scheduled to complete on July 31, 2015.
"This is excellent news for the Fairwinds community," said Russell Tibbles of Bentall Kennedy. "Seacliff Properties Ltd. is an established development company experienced in managing and developing large scale real estate projects throughout Western Canada."
Seacliff will retain all full and part-time employees at the golf course, marina and community centre and it will be business-as-usual over the busy summer months.
"We are very excited to take on the leadership role in operating and enhancing the well-known and respected Fairwinds Oceanfront Community. We are hands-on and action oriented, and our intent is to work with all stakeholders to move ahead with the approved vision for the future of Fairwinds," said Ian Porter, Director of Real Estate for Seacliff.
Fairwinds is an established master-planned residential and resort community on Vancouver Island, just 20 minutes north of Nanaimo. Anchored by the Fairwinds Golf Course (a Les Furber designed 6,204 yard course recently voted the #1 Golf Course on Vancouver Island) and Schooner Cove Marina (a 350 berth marina with direct access to world class fishing and cruising in the Strait of Georgia), Fairwinds has 727 existing homesites and development capacity for an additional 2,100 homes on the remaining 750 acres of undeveloped land. Please visit www.fairwinds.ca for more information.
Seacliff's management team has experience in every aspect of development, construction and management of commercial, office, recreational and residential projects. In addition to managing a portfolio of industrial and commercial income-producing real estate, Seacliff currently owns income-producing and re-development properties in Vancouver, West Vancouver and Surrey, along with a master-planned residential community in Colwood on Vancouver Island. Seacliff recently completed construction of The Watermark at Sechelt, a stunning two-phase waterfront residential development on the Sunshine Coast.