Nanny Cay is an
island
An island (or isle) is an isolated piece of habitat that is surrounded by a dramatically different habitat, such as water. Very small islands such as emergent land features on atolls can be called islets, skerries, cays or keys. An island ...
of the
British Virgin Islands
)
, anthem = "God Save the King"
, song_type = Territorial song
, song = "Oh, Beautiful Virgin Islands"
, image_map = File:British Virgin Islands on the globe (Americas centered).svg
, map_caption =
, mapsize = 290px
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in the
Caribbean
The Caribbean (, ) ( es, El Caribe; french: la Caraïbe; ht, Karayib; nl, De Caraïben) is a region of the Americas that consists of the Caribbean Sea, its islands (some surrounded by the Caribbean Sea and some bordering both the Caribbean Se ...
. It is made up of three cays originally known as Big Cay, Little Cay and Miss Peggy Cay.
In the 1970s these were consolidated into a single land mass for a marina and resort development. It is connected to
Tortola by a short bridge. A marina, hotel, restaurants, condominiums and townhouses have now been built on Nanny Cay.
It also holds a minor footnote in legal history, having been the subject of a
receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in ca ...
for over 12 years during the 1980s and 1990s, and is the longest ever receivership in the history of
Barclays Bank PLC
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Barclays traces ...
.
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
Joseph S. Chapman (born 22 July 1990 in Bristol, United Kingdom) is a squash player who represents the British Virgin Islands in regional Games as well as at the CAC Games and Commonwealth Games Melbourne 2006, Delhi 2010, Glasgow 2014 and Go ...
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
Islands of the British Virgin Islands
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