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Wyevale announces sale of Wellingborough and Wolds View centres

Published: 4 December 2018 - Kiran Grewal

Wyevale Garden Centres (WGC), has announced the sale of two of its centres. Wellingborough has been sold to Higgins Landscape and Garden Centres Limited (part of Higgins Building Supplies Limited), and Wolds View to Woodthorpe Hall Centres Limited.

Both buyers have expressed delighted by the opportunity to expand its existing businesses and will continue to operate these sites as garden centres.

Chief executive of WGC, Roger Mclaughlan said: “We are pleased to have agreed the sale of a further two centres. We would like to thank our great colleagues at these centres, who have been central to our turnaround in the past few years, and wish them well for the next stage of their growth and development under new ownership.”

The sales are expected to complete during December.

Anthony Jones, chief financial officer of WGC, said: “Since the launch of the sale process in May we have now sold 37 ‘non-core’ centres and are currently evaluating a wide range of competitive offers from the group buyers, regional operators and local entrepreneurs. We look forward to further positive discussions with all potential buyers.”

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 Christie & Co continue to liaise with phase two bidders as the process continues. 

 

 

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