Essential reading for retailers and suppliers in the home improvement market

Expect more garden centre deals soon, property consultant tells DIY Week

Published: 10 September 2007
Garden centre acquisitions will continue to grow apace over the next few weeks and months, a property consultant has told diyweek.net
In a month which has seen Wyevale add Sanders Garden World into its portfolio of garden entres of excellence, the consultant said he is seeing five times the amount of work to which he is usually accustom.

"Normally, there isn't too much activity: two to three deals a year, however at the moment we're working on 12-15."

The increase in acquisition activity is not surprising as the likes of Tesco and Sir Tom Hunter are in a battle to control the garden centre market.

Many speculators see it as ripe for consolidation, and the two are now keen to hoover up as many garden centres as they can.

"We're currently working on selling half a dozen reasonable sized garden centres across the country," the source added.

And when asked for an opinion on why activity is so fevered at the moment, the source said: "It's a combination of factors not least the tight trading conditions currently.

"But the presence of Tesco and Sir Tom Hunter has brought that decision – about when to sell – marginally forward, and concentrated the mind. Some think it's time to realise some profit out of the centres they are holding onto."

Our source added that more deals are pencilled in for the next few months.

As for Wyevale and Sir Tom Hunter's plans, we were told, "let's wait and see."

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Carl Kammerling Fusion 2021 Trade Promotion – Filled with exciting new deals!

MIKE
GOOD AFTERNOON,WE USED TO DEAL WITH YOUR COMPANY MANY YEARS AGO, BUYING LARGE STOCKS OF DELETED AND RETURNS ITEMS.IF YOU HAVE ANY CLEARANCE ...

re: Toolbank

Bilal Ali
Hi Trust you are doing great. My name is Bilal Ali. I am the owner of Azaan International Ltd, a company specialized in products. We are ...

re: Woolworths staff reunited by new website

John Zullo
Hi I'm trying to find Lisa assistant manager of woolworths in the metro centre 1999 I only now her by her 1st and middle name Lisa Marie ...

re: Planning application submitted for new Homebase store in Abingdon

Gel
They closed their store last year!http://www.oxfordmail.co.uk/news/17570442.homebase-abingdon-starts-closing-sale/...

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

Most read stories