The Hillview Group have put six of their sites up for sale with a price for all six set at £12.9m
Advertised on www.adsre.co.uk as Project Pollard the six Freehold sites are:
HILLTOP GARDEN CENTRE, RAMSDEN
14.75 Acres. Freehold. OIRO £ 2,950,000.
SHIPLEY GARDEN CENTRE, SHIPLEY
2.18 Acres. Freehold. OIRO £2,950,000.
STUDLEY GARDEN CENTRE, STUDLEY
4.84 Acres. Freehold. OIRO £2,500,000.
SCOTLAND NURSERIES, MATLOCK
10.09 Acres. Freehold. OIRO £2,450,000.
CHARLECOTE GARDEN CENTRE, CHARLECOTE
1.89 Acres. Freehold. OIRO £1,500,000.
NEWTON REGIS GARDEN CENTRE, NEWTON REGIS
3.38 Acres. Freehold. OIRO £550,000.
Hillview Garden Centres CEO, Boyd Douglas-Davies told GTN Xtra; "our hope is that a new investor buys all six sites to continue the growth of the group."
"Our shareholders have decided to undertake a formal process to evaluate opportunites that have arisen and it is possible that these could lead to a strategic transaction of merging our business, selling individual sites or equally, that nothing changes and we continue to acquire new sites."
"Our suppliers understand that trading activities continue as normal, with all teams focussing on running our business successfully through the upcoming spring season and beyond."
As Boyd said in the GTN interview last month: "The Hillview Group has been a very good start up investor. They have funded us to get to this point and we are now seven and a half years old in terms of an investment fund so at some point they will probably be looking to realize some of that investment. That gives us an opportunity to bring in additional investors alongside them. We have been approached by a number of parties – strategic, financial and real estate developers – expressing interest to participate in Hillview Garden Centres, we always take those approaches seriously and fully evaluate them”
“We’ve created a great team, portfolio of well-located garden centres with massive development and growth potential and I’m looking forward to seeing us go onto the next stage and take what we've proven to work and extend across more stores. We’ve completed Phase one and now look forward to the next step. This is an exciting sector and completely differentiated from high street retail”