Blue Diamond has confirmed it has taken a lease on Garden Retail-award winning Fermoy’s Garden Centre.
Owners Richard and Mike Ford believe that Blue Diamond is the ideal operator to step in now and fulfil the long term objectives.
Richard Ford said: "Fermoys has been a great success in terms of the synergy between customers, staff and suppliers. This is more than just a take-over, it is a strategic move to help take Fermoy’s to yet another level."
The site, which is located between Newton Abbot and Totnes has potential to develop and Fermoy’s has been working up a planning application for over three years which was recently submitted with the expectation to develop a modern purpose built unit and create over 30 new jobs.
Ford added: "Blue Diamond Group approached us earlier in the summer, they like the business as it is now and can see the potential. That potential will require significant investment and Blue Diamond are well placed to deliver. They are a highly respected group with an innovative outlook within the sector."
Blue Diamond managing director Alan Roper said: "Fermoys is one of the best known garden centres in the south west. As a company Blue Diamond has a lot of experience in developing new garden centres.
"Our approach of concentrating on a garden centre’s core horticultural values enables us to offer something different from other retailers. We have a somewhat unique approach to garden centre development. Blue Diamond garden centres are designed to ensure that plants remain at the heart of the business."
Mike Gilbert of Gilbert Evans brokered the partnership said: "Leases are perfect for this type of scenario" he commented, "both parties want to work together to ensure the future success and viability of Fermoys. Leases are becoming more popular within the garden centre industry."