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Wyevale Sells Four More Garden Centres

Wyevale Garden Centre - logo 725 x 500

 Wyevale Garden Centres (“WGC”), the UK’s biggest garden centre operator, today announces the sale of four garden centres to individual buyers.

The centres are: Croydon Purley Way, Sidmouth, Solihull and Windsor. 

Sidmouth and Solihull have been sold to operators who are expected to continue to run them as garden centres. Windsor will continue to operate as a Wyevale Garden Centre whilst its new owner progresses longer term redevelopment opportunities. Croydon Purley Way has been sold to a party related to the existing landlord, and is expected to continue to operate as a garden centre for up to 2 months.

Roger Mclaughlan, Chief Executive of WGC, said: “We are pleased to have agreed the sale of four more of our garden centres. Across all four centres we would like to thank our great colleagues, who have been central to our turnaround in the past few years. In the case of Windsor, we will continue to operate as a Wyevale Garden Centre with no immediate impact. 

“For those centres being sold to garden centre operators we would like to wish our colleagues well under the new ownership, and in the case of Croydon Purley Way, which has been sold for alternative use, we are very pleased to honour our commitments to our colleagues and partners and will seek to redeploy our excellent colleagues to our other garden centres wherever possible”. 

Anthony Jones, Chief Financial Officer of WGC, said: “The centres sold to date had been highlighted as ‘non core’ as part of our ongoing portfolio review, which predated the sale process. The sale of these centres reflects our continued pursuit of positive outcomes for our colleagues, concession partners, suppliers and customers. We are very grateful for the dedication and commitment of the teams at these centres, and we’ll continue to support them through the transition.” 

WGC has received a significant number of offers for all or part of the remaining WGC business from national, regional and financial operators as well as local entrepreneurs. 

Croydon Purley Way has been sold to Ultratown Limited, Sidmouth has been sold to Kings Garden and Leisure Limited, Solihull has been sold to Rosebourne Limited, while Windsor has been sold to Wates Developments Limited.

Source : Insight DIY Team and Wyevale Garden Centres

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25 September 2018

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