The Nav Centre in Cornwall has been sold to Gatineau-based Devcore Group, Nav Canada confirmed in a statement.
Nav Canada will enter into a lease-back contract that will allow it to maintain a footprint at the Nav Centre, which has been for sale for several years.
“Due to the pandemic, Nav Canada has taken a closer look at all our investments to assess their viability and revenue potential,” the private, not-for-profit company said in a statement. “We have a responsibility to evaluate areas of our business and activities that can represent important commitments that are not core to Nav Canada’s business.
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“While it has been a difficult decision to sell the Nav Centre, given the financial impacts Nav Canada sustained over the course of the pandemic, the sale of the Nav Centre is a prudent business measure which provides a benefit to the company finances.”
The Nav Centre, completed in 1979, was primarily a training facility but evolved to provide conference and food services as well as emergency room and board services. The sale to Devcore, a property management firm with a presence in Cornwall, is expected to close in June 2022.
Nav Canada was established in 1996 to provide air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.