Wyvevale sells Seven Hills & Barnett Hill garden centres

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Wyevale sells
// Wyvevale sells another 2 stores as part of scheme to slim down its estate
// Stores located in Seven Hills, Surrey and Barnett Hill, West Midlands
// Cherry Lane acquired the Barnett Hill store, while Seven Hills

Wyevale has announced the sale of another two garden centres as part of an ongoing scheme to trim down its store portfolio.

The gardening retailer said its Barnett Hill centre in the West Midlands has been acquired by Cherry Lane, a value gardening chain owned by the QD Group, and staff members there will keep their jobs.

Meanwhile, Wyevale’s Seven Hills centre has been sold to a property development and investment company.

Wyveale said it would continue running Seven Hills under licence for up to six months, during which the company would seek alternative employment for the staff members.

Wyevale said the two deals are expected to complete during March.

The latest sales mean Wyevale has now sold 48 of its stores since it first announced plans to do so last year in May, after a huge investment scheme saw the garden retailer return to profitability.

One of the handful of buyers of Wyevale’s estate includes rival Dobbies, which snapped up at least six stores.

“We would like to thank our great colleagues at these centres and wish them well for the future, whether under new ownership or within Wyevale Garden Centres,” Wyevale chief executive Anthony Jones said.

“We continue to evaluate and discuss a wide range of competitive offers and look forward to further positive discussions with all potential buyers.

“Meanwhile, the spring gardening season has well and truly started and we are focusing our efforts on trading our remaining portfolio during this important period in the year.”

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5 COMMENTS

  1. Great news wyevale getting rid of stores. Their branches are seriously overpriced and have diminished choice. Good riddance.

  2. Great News, following many years of self inflictive deterioration by the Management at Barnett Hill. Lets hope The New Owners totally restructure to make drastic and much needed improvements in all area’s throughout this once thriving popular Garden Center. Much needed, if they have any chance of drawing back old and new customers.

  3. Seven Hills was bought by Wyevale a few years ago, with only one view: To resell for redevelopment.

    This site is right on the edge of St George’s Hill private estate, Weybridge: One of the most expensive real estate areas in the UK!

    The Plan is proposed to build 6 detached or 12 semi Houses. The 6 houses in this area would probably sell at around £1.5M EACH.

    No wonder Wyevale is suddenly a Company making a profit!

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