Kids Planet acquires Solihull day nursery
Specialist business property adviser, Christie & Co, has announced the sale of Mereside Farm Children’s Nursery in Shirley, Solihull.
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Mereside Farm Children’s Nursery provides high-quality care for up to 84 children in a safe and secure learning environment.
It was previously owned by Ruth and Alan Lowe for 10 years, who decided to sell to retire from the sector.
The setting has now been acquired by Kids Planet Day Nurseries which owns over 190 nurseries across the UK.
Jassi Sunner, Associate Director – Childcare & Education at Christie & Co, who handled the sale, comments, “I have known Alan Lowe for a number of years as he previously purchased Inglenook Day Nursery from me. I knew the last few years had been up and down for Alan, so it was pleasing that we were able to agree a deal quickly with Kids Planet and therefore progress the matter in legals as swiftly as possible.
“Although we have seen an increase in activity across the Midlands from first-time buyers and regional small groups, it is great to see that corporate activity for the larger operators remains strong with an acquisition like this and helps to maintain the strong competitive tension in the sector and across the region from a range of different buyers. Having personally got to know Alan well over the years, I sincerely wish him and his family all the best with this step into semi-retirement. They have been superb operators in the sector and will be missed by all in the area.”
Mereside Farm Children’s Nursery was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Associate Director - Corporate Communications
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Jassi Sunner, Associate Director – Childcare & Education
P: 07791 979 343 or E: jassi.sunner@christie.com
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