Family First, which owns 10 nurseries within a 25-mile radius of London and looks after more than 650 children, has acquired This Grace’s Day Nursery in Catford, Southeast London which can cater for 73 children.
The vendors are James, Andrew and Jo Evans and Michelle Brockwell, who decided to sell to concentrate on their other nursery businesses and other business interests.
Family First’s chief financial officer Craig Grant said: “Grace’s is an excellent addition to the Family First Group, and we have been incredibly impressed by James and his team. They have built a great environment of care and engagement for the children attending the nursery. Family First will build on this to provide an outstanding environment for all current and future children. We look forward to welcoming all staff, parents and children to our growing family.”
The sale was facilitated by business property advisor Christie & Co.
Sophie Willcox, director at Christie & Co, who handled the sale, said: “We were overwhelmed with the interest we had in this Grace’s Day Nursery setting. Within just two weeks of marketing, we received eight offers and completed the deal within eight and a half weeks of signing heads. It is yet another example of the demand for high-quality assets in desirable London locations.”
Date published: 6 August 2021