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Gloucestershire Business News

Major garden centre sold in multi-million-pound deal

A multi-million pound deal has seen a handful of garden centres previously under the Wyevale brand changes hands.

On Saturday the Haresfield centre - one of four Wyevale centres in Gloucestershire on the market since earlier this year - officially changed its name to that of its new owner.

On the market from June for a figure believed to be in the region of £2 million the 8.1 acres centre, which is also home to concessions like Aquajardin, is now under the Dobbies brand.

The Gloucester centre was one of five of Wyevale's largest centres taken into Dobbies ownership. The other four are in Heighley Gate, Huntingdon, Woodbridge and Woodlands.

The other three centres in Gloucestershire - in Brockworth, Cheltenham and Nailsworth - are believed to still be on the market.

Roger Mclaughlan, chief executive of WGC, said: "We are pleased to have agreed the sale of five of our largest centres to Dobbies, one of the UK's biggest and most experienced garden centre operators.

"We would like to thank our great colleagues at these centres, who have been central to our turnaround in the past few years and wish them well for the next stage of their growth and development under Dobbies' ownership."

Graeme Jenkins, chief executive officer of Dobbies Garden Centres, said: "The acquisition of these five centres is in line with our strategic growth plan for Dobbies. We are looking forward to welcoming our new team members and to working with them to develop the centres over the years to come."

The acquisition brings more than 400 team members to Dobbies and takes the garden centre retailer's estate to 39 centres across the UK.

Anthony Jones, chief financial officer of WGC, said: "Since the launch of the sale process in May we have already sold 23 centres and are currently evaluating a wide range of competitive offers from group buyers, regional operators and local entrepreneurs. We look forward to further positive discussions with all potential buyers."

Darren Bond, managing director of Christie & Co, said: "Since the start of the WGC sale process, the opportunity to run one, a small group or a portfolio of garden centres has ignited interest within the sector and beyond.

"We are delighted to have supported the sale of these five centres to Dobbies, meaning we have now exchanged on 28 sites as part of the sale process."

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