Wyevale Garden Centres announces two transactions for a total of six centres to garden centre groups Hillier Nurseries Limited and Otter Nurseries Limited.
The four centres: Cheddar, Dorking, Marlow, Lechlade will be sold to Hillier Nurseries Limited. The two centres: Jack’s Patch and Taunton will be sold to Otter Nurseries Limited.
The deals are expected to complete during June and July.
Anthony Jones, Chief Operating Officer of WGC, said: “We are pleased to announce the sale of a further six centres to garden centre operators. The colleagues at these centres have played a key role in the success of their centres and I’d like to thank them for their continued passion and expertise, and wish them well for the future with their new owners. Meanwhile, we continue to evaluate a wide range of options as part of our ongoing sale process.”
Chris Francis, Retail and Wholesale Director of Hillier, said: “We are delighted to announce the acquisition of four new garden centres joining the Hillier family business, growing the group to 16 garden centres serving customers across the South of England. The Hillier team look forward to working with our new colleagues and getting to know the local gardening communities, inspiring them with our great quality products and wide range of home-grown plants, all backed by renowned Hillier expertise.”
Jacqui Taylor, Managing Director of Otter Garden Centres, said: “As an independent, family run group of five garden centres in the South West of England, we are pleased to welcome Taunton Garden centre and Jack’s Patch Garden Centre to the team. We have three plant growing nurseries and look forward to expanding their plant growing production, supplying these two additional garden centres with their own home-grown plants.”
Christie & Co, the specialist business property advisor managing the sale process on behalf of WGC, have run a two-phase process that has achieved considerable interest from a wide variety of buyers. The opportunity to run one, a small group or a portfolio of garden centres has ignited interest within the sector and beyond and there are still opportunities to acquire strongly located and well performing centres.