TWC Enterprises Limited announced a transaction involving Club de Golf Islesmere located in Laval, Quebec (“Islesmere”). Together with its partner, TWC has reached an agreement to sell the property to a Quebec developer for proceeds of approximately $70 million. TWC is entitled to approximately 45% of these proceeds upon closing. This transaction is subject to both a due diligence condition and a condition for a change in zoning. Closing of this transaction is not anticipated before 2023.
