Nanny Cay
It also holds a minor footnote in legal history, having been the subject of a receivership for over 12 years during the 1980s and 1990s, and is the longest ever receivership in the history of Barclays Bank PLC. The current owners, Cameron McColl, John McCoach, and Graeme Scott purchased it from Barclays.
Today, Nanny Cay has a marina and boatyard which has berths for 180 motor cruisers and yachts and two boat lifts of 50 and 70 tons capacity with storage for 200 boats. It also includes a 40-room hotel and new waterfront townhouses for purchase and rental, two restaurants, a small supermarket, shops and boutiques, a dive shop, a water sports center, and a gym and spa.
BVI Real estate investor Joe Chapman has used Nanny Cay as a useful example in the context of a discussion on the unique economic properties of marinas based on islands
References
- ^ "A Brief History of Nanny Cay". Archived from the original on 18 March 2014. Retrieved 2 March 2015.
- ^ Chapman, Joe. "Conversation with Guy Spier". The Education of a Value Investor.