In This Issue
Andy Bunker on Wake up to Money: "Still booming because of the weather!"
Nicholas Marshall gives "The Big Interview" in The Scotsman
Second Bunnings Warehouse store opens in the UK
Brothers sell £15m Yarnton Nurseries business
Good spring weather boosts sales in garden centres
Flowers for the Pope depart from Keukenhof
Plant sales up by 39% year on year
Van Hage opens Elho ambassador ‘store within a store'
Rexmartins satisfies appetites of outdoor living enthusiasts
Impressive extension to MacKenzie & Cruickshank
Bents donates £30k to Epilepsy Action
Gardman reports 36% growth in wild bird care products
Something for everyone at GIMA Golf & Activity Day
TV gardening expert to unveil new people's garden at Tong
Get your own copy of GTN Xtra
Vertical gardening increases in popularity
Love Your Plot 2017 campaign launched by GIMB
Tumbling Tom leads the way for veg plant sales
Luke Murphy appointed as Glee’s new Senior Marketing Executive
Making the most of growing media record sales
Elho joins HTA National Plant Show line up
Gardening Express introduces the sensational Raspberry Groovy
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
All the latest news from the world of garden centre catering
Masterchef 2016 winner Jane Devonshire to speak at HTA Catering Conference Dinner
Commercial Kitchen show announces its first speakers
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Brothers sell £15m Yarnton Nurseries business

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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