Investor buys three Hurrans centres

Three contracts have been exchanged on Hurrans stores.

An investor has bought Langstone garden centre, Churchdown garden centre and Stourbridge West Hagley garden centre with the view to redevelop them.

Webbs of Wychbold Garden Centre is arranging a long-term lease at Stourbridge West Hagley, which is due for completion in four weeks. Webbs is already trading from Stourbridge.

Director Mike Gilbert of commercial property adviser Hammond Philips said the plan is to hand back Hurrans' other site at Cowbridge to the landlords. Hillier Garden Centres has taken the remaining site in Banbury, with the deal still with lawyers. Hurrans went into administration in December after 100 years in the business.

The Hurrans family is believed to still be interested in leasing back centres if it can raise the cash, though Mike Gilbert would not comment on this.

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