In This Issue
Much loved industry figure passes away after cancer battle
OBE's for Colin Squire and John Athwal
Rachel Doyle of Arboretum scoops Retail Excellence Lifetime Achievement Award
Bunnings UK boss to take a three month break
New Year Greetings to all our readers
When will the For Sale sign go up at Wyevale GCs?
So what went on behind closed doors at the Wyevale suppliers meeting.?
Rising Stars 2017 - The final 12
Owners of garden centre face £21,000 bill after selling 'dangerous' items
Wyevale Garden Centres announces shift away from acquisitions
Wyevale Garden Centres named on 'worst to work for' list
Sad news - Alistair Lorimer dies
Durston Garden Products HOLD prices for 2018
New display ideas, new products, new suppliers at Bunnings first UK garden centre - GTN Xtra picture exclusive
Retail ops restructured as going gets tough for Wyevale GCs
All eyes will be on how Wyevale GCs plans to replace 'unsustainable' growth strategy with core business focus
Sir Terry and Mr M...unfinished business at Dobbies?
Mothers Day bonanza as garden centre records are broken across the country
We cleared out Homebase management too quickly, confesses parent company's new CEO
Carol Paris is leaving the HTA
Dobbies "gets together with Ocado to be the best on-line"
Nicholas Marshall is back in the gardening industry as CEO of Dobbies
Newshound finds Mr M has been busy recruiting 'experience'...
Terra Firma props up Wyevale Garden Centres
So this is what a Bunnings Warehouse looks like...
A bittersweet moment says Scott CEO as he announces UK, Europe and Aussie sell-off
Gardman reports £1.5m loss - but earnings soar by 50%
Blue Diamond buys Bridgford Garden Centre
Exponent Private Equity to buy Scotts business in UK, Europe and Australia
Brothers sell £15m Yarnton Nurseries business
Area Representative/Product Merchandiser
Get your own copy of GTN Xtra
Westland win Sword of Excellence with SafeLawn
Is this the smallest garden centre in the UK?
Glee to hold two shows per year from 2018 onwards
Garden retailers sign up to industry Xylella statement
Marshall's strategy for Dobbies to put focus back on plants
Woodlodge win GCA Associate of the year Award
"The Best Glee for Years" - Retailers verdict on this years show
"Xylella is the most serious situation I have come across in 32 years in the industry"
MEP's vote to ban glyphosate completely by 2022
Blisters, tomatoes, over 100 walkers and runners raise over £22k on Garden Re-Leaf Day
Coolings buys Potted Garden Nursery at Maidstone
Exclusive pictures from Bunnings' biggest store yet
New men at the top at Hillier
Xylella fastidiosa: how Italy has tackled the problem
Town & Country is sold to EP Barrus
Supplier rebates to exceed £1.5m for Choice members
"Garden Centre of the Future" planned for new outlet retail centre at Downtown Grantham
Bunnings UK No. 3 - Hemel Hempstead in pictures
Shoplifting costs retailers £800m a year says research
Scotts: We want out of Europe...but we won't give the business away
New trade show will demonstrate how to cater for vegans
Historic exhibition and new branding for Dobbies
Exciting new-build garden centre underway
Bunnings - Homebase - sales drop by £44m
Glyphosate licence approved for 5 years
2017: A year of transition for the garden centre trade
Top 50 most-read stories in GTN Xtra 2017
Situations Vacant
Area Representative/Product Merchandiser
Kent/Sussex area. £20k to £23k per annum
 
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Brothers sell £15m Yarnton Nurseries business
No 25 Most Read Story 2017. First published: Friday 14 April, 2017

The sale of Yarnton Nurseries near Oxford to investors Newcore Capital Management, announced last Thursday, comes just a year before its owners, twin brothers Richard and Nigel Wallbridge, were due to celebrate the family business’s 50th anniversary.

The brothers, who left school at 14 and are now to retire at 72, took over the site in 1968 when it was a small nursery comprising five glasshouses turning over just £3,000.

Today, Yarnton Nurseries Garden & Shopping Village, to give its full title, occupies 12 acres and is in the upper turnover quartile of garden centre retailing, thanks to well-established concession income. The garden centre enjoys a turnover of more than £4 million while the full site generates turnover of around £15m. It is reported to have changed hands on Friday 7 April for an undisclosed sum believed to be more than £10 million.

The business has been run for the past 10 years by retail consultant Bob Marley, who negotiated the Newcore deal. Marley will stay on during the management transition.

As well as the garden centre, the site includes a 150-seater restaurant, a building supplies business, an antiques centre, spa supplier, fashion shops, shoe outlets, home furnishings retailer, kitchen and bathroom centres, aquatics centre, cookshop and wine merchant, among others.

Newcore Capital Management recently launched Newcore Strategic Situations III LP, a £50m opportunistic fund to invest in UK real estate assets linked to social infrastructure, storage and accommodation. It philosophy is to focus on assets it considers to be “central to the continuing needs of society and resilient to the internet’s deflationary effect”.

 

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