Commercial Property News
Image default
Property Development News Retail Property News UK Property News Yorkshire Property News

British Garden Centres Acquires 24 Centres in Multi-Million-Pound Deal

Yorkshire-based law firm Gordons, and the Leeds office of the multi-national business advisory firm KPMG have helped a Lincolnshire business to continue to grow within its sector.

Gordons’ commercial property specialist James Kimberley and Duncan Firman partnered with KPMG’s tax director Nathan Potton to facilitate British Garden Centres’ major 24 garden centre purchase in an undisclosed, multi-million-pound deal.

Commenting on the acquisitions, British Garden Centres’ Antony Harker said: “This is a significant portfolio of centres for us to acquire and we were delighted to be able to exchange contracts on the acquisitions within just two weeks.

“These acquisitions have accelerated British Garden Centres’ continued growth. It is an exciting time for the business and our people, and we look forward to maximising the potential of our new centres.”

British Garden Centres acquired the centres as part of an ongoing expansion strategy that takes their total sites to 57 across the UK. British Gardens has said that it aims to “maximise the potential od each centre” and anticipates to create further employment opportunities in the near future.

All 24 sites were previously pwned by Wyevale Garden Centre, with the majority located across the South East of England.

Atony Harker praised the ‘impressive’ work of Gordons and KMPG adding: “We were impressed throughout the process by the commercial, straightforward approach taken by everyone we dealt with at Gordons and KPMG. They consistently gave user-friendly advice on what was a complex deal due to the number of centres involved and the incredibly short timeframe.”

Gordons’ James Kimberley added: “British Garden Centres is a thriving business and these acquisitions have ideally positioned it for further expansion. The deal required a huge amount of focus and was a real team effort across the firm.

“We pride ourselves on being able to act with pace and precision. It was these qualities, as well as working collaboratively with KPMG, which enabled us to exchange contracts within two weeks of being instructed.”

Gordon currently has offices in both Leeds and Bradford, and employs 200 people.

Related posts

CBRE Monthly Index: Bleak March Figures Amidst COVID-19 Pandemic

Dominic Gabriel

Financial Preparation Key to Survival – Harper James

Dominic Gabriel

Major Fife Tourism & Leisure Opportunity Seeks Buyer

Dominic Gabriel

Leave a Comment