Wyevale Garden Centres has announced it has sold Heathlands Garden Centre to Squires. The sale is expected to complete by early August, with WGC continuing to operate the centre until this date.
Anthony Jones, chief operating officer at WGC, said: We are delighted to have sold Heathlands Centre to a highly respected operator, and that it will continue to be run as a garden centre. I would like to take the opportunity to thank our colleagues at Heathlands who have been so instrumental in making it the brilliant operation it is today and wish them all the best under new ownership.”
Sarah Squire, Squires chairman, said “We are delighted to welcome Heathlands to Squire’s Garden Centres. As a family business, firmly rooted in south-west London and nearby home counties, Heathlands is an excellent addition to our group. The centre brings us to 16 sites in all. We look forward to working with the team at the centre and really getting to know and understand the local community.”
The most recent sale was of Podington Garden Centre, which was sold to Cherry Lane Garden Centre. Earlier this month Wyevale Garden Centres announced the sale of a further 11 garden centres in four separate transactions to British Garden Centres, The Plant Area Limited (t/a Clandon Park Garden Centre), Coolings Garden Centres and Maidenhead Aquatics.
Christie & Co, the specialist business property advisor is managing the sale process on behalf of WGC. The company has said there still remains the opportunity to acquire a small group or a portfolio of well performing garden centres located in attractive locations.