Mid-year Insight reveals continued strong interest in garden centres

Company: Christie & Co

Specialist property adviser, Christie & Co, has launched its Retail & Leisure: 2023 Mid-Year Insight, which reflects on activity, trends and challenges across the UK’s convenience retail, forecourt, garden centre and leisure markets in the first half of 2023 and provides an outlook for the rest of the year.

The publication reveals that the UK’s Retail & Leisure sectors are largely bucking any negative trends in the mainstream property market, as buyers remain active and demand for correctly priced opportunities remains strong.

Garden centres and Nurseries

Christie lists 19 garden centres on their website, either sold or on their books since mid-2022 .

Buyer interest remains strong, with their latest analysis showing that they achieved 97% of the asking prices in recent transactions. They state that the “garden centre business is driven by leisure and home-based spending, both of which are on the rise.” A recent high profile business looking to sell has been Peter Beales Roses, in Norfolk.

Steve Rodell, Managing Director – Retail & Leisure comments, “It’s very encouraging that despite the recent rise in interest rates, buyers have continued to seek out the opportunities we bring to the market.”

To read and download the full ‘Retail & Leisure: 2023 Mid-Year Review’, CLICK HERE.

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