Wyevale Garden Centres sells and leases back £91m of property

Wyevale Garden Centres has raised £91m through the sale and lease back of eight garden centres.

Orchard Street Investment Management has bought and leased by Altrincham, Gosforth, Nantwich, Leicester, Huntingdon, Braintree, Woking and Osterley.

WGC has signed 25 year leases on the centres. Orchard Street bought them on behalf of St James's Place Wealth Management.

Wyevale has had a strategy of buying centres outright and will complete on at least one new centre at the end of January. However, this change in strategy raises £91m for owner Terra Firma and could be followed by further sale and leasebacks.

WGC now has more than 150 centres.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Pots and containers

Pots and containers

Superior propagation products can justify extra expenditure by providing precise cell fill, optimum root development and healthy plugs, writes Sally Drury.

Business Planning - Inflationary pressures

Business Planning - Inflationary pressures

How can horticulture businesses respond to Brexit-fuelled inflation? Neville Stein outlines the options.

Garden centre profile: Mappleborough Green Garden Centre

Garden centre profile: Mappleborough Green Garden Centre

Phase two of the redevelopment of the former Badger Nurseries has delivered rapid and impressive results, Matthew Appleby discovers.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Garden retail Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. NEW: 2016 listing just published

Garden Centre Prices

GARDEN CENTRE PRICES w/e 21 September 2016
GARDEN CENTRE PRICES w/e 24 August 2016

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here