TWC Enterprises Limited Announces Sale of Woodlands Golf Club and Participation in Related Joint Venture

KING CITY, Ontario, July 03, 2024 (GLOBE NEWSWIRE) — TWC Enterprises Limited (“TWC”) has announced the closing of the sale of the former Woodlands Golf Club to a joint venture managed by 13th Floor Homes. 13th Floor Homes is the homebuilding division of Miami-based 13th Floor Investments. TWC will be a 50% partner in the joint venture along with 13th Floor. The selling price to the joint venture is $14M USD and is a result of a previously agreed upon formula based on the expected profit of the shared joint venture.

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