Wyevale Garden Centres agrees sale of 11 centres

Wyevale Garden Centres has announced the sale of 11 garden centres in four separate transactions.

The centres acquired by British Garden Centres, The Plant Area Limited (t/a Clandon Park Garden Centre), Coolings Garden Centres and Maidenhead Aquatics will all remain as garden centres.

British Garden Centres will acquire eight centres: Albrighton, Birchencliffe, Bressingham, Gardenlands, Hemel Hempstead, Louth, Tarporley and Wolseley Bridge. This follows their earlier acquisition of six centres.

Albrighton in the West Midlands was valued at £2m freehold on 6.2 acres. Former Armitage's centre Birchencliffe in West Yorkshire was valued at £900,000 leasehold on 2.2 acres. Bressingham in Norfolk was valued at £1.4m on 5.6 acres freehold. Gardenlands was a former Garden & Leisure in Wolverhampton and was valued a  £3.4m on 19 acres. Hemel Hempstead in Hertfordshire was valued at £2m freehold and is on 6 acres. Louth in Lincolnshire was valued at £3m freehold on 4.94 acres. Tarporley in Cheshire was valued at £1.2m freehold on 5.9 acres. Wolseley Bridge in West Midlands was valued at £1.4m on 3.82 acres mixed.

British Garden Centres now has 24 sites having bought six Wyevales in February 2019. Dobbies is the biggest group at 69 centres, with Blue Diamond at 30, then British Garden Centres next. Wyevale now has 43 centres, having sold 101 since going on the market in May 2018.

In separate transactions, The Plant Area Limited will acquire Woking garden centre (£500,000 leasehold 3.62 acres), Coolings Garden Centres will acquire Wych Cross garden centre (£1.4m freehold 3.82 acres) and Maidenhead Aquatics will acquire Dummer garden centre (£1.5m freehold on 2.1 acres).

Christie & Co, the specialist business property advisor is managing the sale process on behalf of WGC. 

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