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Zorra completes land sale to Kingwood Homes Inc.



The Council of the Township of Zorra is pleased to announce it has finalized an agreement of purchase and sale with Kingwood Homes Inc. for a portion of the former Maple Leaf Foods Inc. site in Thamesford. The parcel of land includes two existing industrial processing plants, and a 2-acre parcel of land along Middleton Street. Sale price for the property is $2,000,000.

As part of the agreement of purchase and sale, Kingwood has also agreed to purchase the remaining 112 acres over two phases with the second deal to close in mid-2021 and the third deal to close in mid-2022. The combined sale price is $7,000,000.

Read the full news release here.