LONDON— International real estate investment company, The Bauer Partnership Inc., via one one of its wholly owned subsidiaries, has entered into a share/asset purchase agreement to buy the five-star Windjammer Landing Resort & Spa in St. Lucia, British West Indies for $30 million. The 13-year-old property has 144 villas, resort and spa facilities on 56 acres of beachfront land. “The acquisition of The Windjammer Landing represents a major milestone for The Bauer Partnership,” said CEO Ronald Bauer. “This is our first major acquisition, and currently serves as our most significant Caribbean resort property while we continue efforts to aggressively expand our property portfolio worldwide. This serves as one of the many acquisitions that Bauer will undertake in the coming months.” The company indicated it anticipates an increase in net income from the property as it executes on the expansion of existing fractional ownership and luxury estate villa development activity.
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