Oxford garden centre business bought by Newcore Capital Management

by | May 2, 2017 | News | 0 comments

oxford

A garden centre and shopping business in Oxford has been snapped up by an independent real estate investment management firm in a deal believed to be worth more than ?10m.

Yarnton Nurseries consists of 12 acres of garden centre, retail and open storage space to the north of Yarnton, bounded by housing and open countryside. Retailers include Edinburgh Woollen Pill, Peacocks and The Works.

The site also includes a 150-cover restaurant.

Yarnton Nurseries has been purchased by Newcore Capital Management, which was introduced to the business by property consultancy Harris Lamb and Malcolm Scott Consultants.

Chris Primett of Malcolm Scott said: “As a complete entity, Yarnton Nurseries Garden & Shopping Village occupies 12 acres and is in the upper turnover quartile of garden centre retailing, thanks to well-established concession income.

“The garden centre itself boasts a turnover of more than ?4m while the full site generates turnover of around ?15m.”

Neil Harris of Harris Lamb added: “We have worked closely with Bob Marley, who has run the business for the past decade, and introduced him to Newcore, with whom we have a long-established relationship.

“Newcore recognised the success of Yarnton and acknowledged its excellent investment potential. Newcore has also instructed Harris Lamb?s management team to oversee the day-to-day management of the business, continuing to work closely with Bob, who will remain in place during the transition.”

Article source

more latest news ➡

New logo for the Bransford Webbs Plant Company

A fresh, new look for The Bransford Webbs Plant Company

The Bransford Webbs Plant Company is proud to unveil a new company logo, launching at The 2024 National Plant Show at Stoneleigh Park. An evolution of the original Bransford Webbs logo introduced almost twenty years ago; the heritage shades of purple and green have...

GCA CEO Peter Burks hosting a free sustainability webinar this month with the focus on water and ‘navigating the green minefield’

Free sustainability webinar for GCA members

Garden Centre Association (GCA) members will hear from a trio of sustainability experts during a free webinar this month (June 2024). The GCA is hosting the online event on June 26 from 3-4.30pm and it will cover water conservation and how to navigate environmental...

Retailers

Nearly 40% of UK retailers fail to meet delivery times

A new study, carried out by post-purchase customer experience provider parcelLab and e-commerce customer care - and fulfilment specialist Salesupply, highlights significant gaps in delivery reliability, tracking transparency and customer service...

Blue Diamond posts 2023 figures

Blue Diamond posts 2023 accounts

The new largest garden centre group Blue Diamond has posted its 2023 accounts which shows a £24.2m profit – a 16% increase on 2022. Sales for 2023 were £310.6m versus £259.3m last year, a 20% increase on 2022, and a 9% like for like uptake. This marks an important...

Read GCR's latest edition!

Subscribe ToThe Wednesday Word

Subscribe To
The Wednesday Word

 

Get all the latest news, events & more straight to your inbox every Wednesday.

You have Successfully Subscribed!

Pin It on Pinterest

Share This