Essential reading for retailers and suppliers in the home improvement market

Wyevale Garden Centres agrees sale of four garden centres

Published: 4 September 2018 - Kiran Grewal

Wyevale Garden Centres has announced the sale of four garden centres to individual buyers.

The centres are: World of Pets and Leisure (“WOPAL”); Codicote; Sudbury and Oxford. Sudbury and Oxford have been sold to operators who are expected to continue to run them as garden centres.  

Chief Executive of WGC, Roger Mclaughlan said: “We are pleased to have agreed the sale of four of our garden centres. In the case of those centres which have 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 in our other garden centres wherever possible in coming months. We would like to thank our great colleagues at these centres, who have been central to our turnaround in the past few years.”  

 

WOPAL and Codicote been sold in separate transactions to purchasers who are expected to develop the sites for alternative use. These centres were previously identified for potential redevelopment as part of the company’s active portfolio management strategy. WOPAL centre has already been closed and Codicote is expected to continue to operate as a garden centre into early 2019.

Chief financial officer of WGC, Anthony Jones 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.”

Wyvale Garden Centres 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. 

Sudbury has been sold to Perrywood Garden Centre and Nurseries Ltd and Oxford has been sold to AWBS Ltd, which is an existing concession holder on site. WOPAL has been bought by Harlex Property, while Codicote has been sold to Taylor Wimpey Plc.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?

The coronavirus (Covid-19) is affecting everyone and completely changed our way of lives for the foreseeable future. Small business owners and the self-employed have been hit particularly hard financially, with many not being able to work or having to close up completely. DIY Week is keen to learn how you are coping and to share this information with others who may well be in the same boat, so thank you for taking part in this survey.
How has your business been affected by the coronavirus (Covid-19) pandemic?




Latest reader comments

re: A guide to construction safety for home builders

Daniel Wood
Safety should always be the first priority. If followed properly, these precautions are all we need to tackle all unwanted accidents. I ...

re: Further Homebase closures ahead

Shaun Collorick
Cheltenham homebase has closing down signs outside, but not Gloucester homebase.... Yet!...

re: B&Q sales slide, as Screwfix decision to exit German market costs millions

B&Q bob
No surprises from us on the shopfloor management paralysed by fear of jobs and to weak to take chances so bumble around. Ranges boring, and ...

re: Further Homebase closures ahead

Miss l'a tesha gc Wilson
Please keep me updated regards all Store closures Thank you...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

Peter Earl
I HOPE GRAHAM BELL THE NEW CEO OF B&Q GETS TO GRIPS OF THE COMPANY VERY SOON.MY WIFE WENT FROM SHADOXHURST TO GILLINGHAM TO GET SOME ...

Most read stories