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For most of this year there has been much rumour and conjecture around the sale of Wyevale and the impact it is having/will have on values, marketing, demand across the garden centre industry.
We are delighted to announce that we have been involved with two separate Wyevale acquisitions. Firstly in Blue Diamond’s acquisition of eight of Wyevale’s centres through advising the sale and leaseback funders, BlackRock Investment Management. You can read more about this transaction here. Secondly, we advised Perrywood in the acquisition of Wyevale’s Sudbury garden centre which will be run alongside Perrywood’s award-winning existing centre at Tiptree. We continue to advise a number of other garden centre clients in respect of other Wyevale acquisitions.
Aside from Wyevale activity, we are advising on a number of other garden centre disposals.
There undoubtedly remains a degree of uncertainty. This is only to be expected when the largest garden centre group decides to put all 145 centres up for sale at once. Yet demand remains strong and there are several other garden centre owners who will be looking to sell over the course of the next 12 months.
If you are interested in buying, selling, rating, valuations or seeking any garden centre property advice do come and see us.
Alternatively call Mike Gilbert on 07540 281960 or Allen Evans on 07540 268866.