skip to main content
  • *
  • *
Find Insight DIY on
* * *

UK DIY News

Wyevale Sells Barnett Hill and Seven Hills Garden Centres

Wyevale trees 725 x 500.jpg

Wyevale Garden Centres (“WGC”), the UK’s biggest garden centre operator, today announces the sale of two centres, Barnett Hill and Seven Hills. 

Barnett Hill has been sold to Cherry Lane, the value garden centre group (part of QD Group) and will continue to be run as a garden centre by the new owners. Our colleagues at Barnett Hill will transfer to the new ownership. Seven Hills has been sold to a property development and investment company. WGC will continue running Seven Hills under licence for up to six months during which time we will be looking to find alternative employment for all our colleagues.

The deals are expected to complete during March.

Anthony Jones, Chief Operating Officer of WGC, said: “We are pleased to have agreed the sale of two more garden centres, taking the total sold since the start of the process to 48. We would like to thank our great colleagues at these centres and wish them well for the future, whether under new ownership or within Wyevale Garden Centres. We continue to evaluate and discuss a wide range of competitive offers and look forward to further positive discussions with all potential buyers. Meanwhile, the Spring gardening season has well and truly started and we are focusing our efforts on trading our remaining portfolio during this important period in the year.” 

Christie & Co, the specialist business property advisor managing the sale process on behalf of WGC, has achieved considerable interest from a wide variety of buyers. The opportunity to acquire garden centres has ignited significant interest within the sector and beyond, and as part of the process Christie & Co continue to liaise with bidders.

Source : Insight DIY and Wyevale Garden Centres

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.

05 March 2019

Related News

view more UK DIY News
*

Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

*
Martin Elliott. Chief Executive - Home Hardware.
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry