10 May 2016 | Childcare & Education

Little Monkeys under new ownership thanks to Christie & Co

Another day nursery sale - this time in West Sussex

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Specialist business property adviser Christie and Co is delighted to announce the sale of Little Monkeys Day Nursery in Horsham.

The nursery has been acquired by Cranbrook Day Nurseries, a new entrant to the market which is looking to use this impressive nursery as a platform for further growth.

Little Monkeys is a high-profile and renowned childcare setting which boasts an ideal location, right in the centre of the bustling market town, yet within walking distance of Horsham’s beautiful park.

The nursery was sold, unusually, on both a freehold and leasehold basis with different parts of the building falling under different categories.  The property has been extended and converted to create the ideal environment for a first class 100+ place childcare setting.

Nick Brown, Director at Christie and Co brokered the sale and comments, “This was a unique opportunity which was offered to a highly confidential target list of well financed buyers, which resulted in multiple bids being made from corporate operators, regional operators and new entrants to the market. The competitive tension between interested parties enabled us to achieve a price which the now former owner was exceptionally happy with.”

Lyn Povey, Little Monkeys’ previous owner added: “I am delighted with the recent sale of my flagship nursery in Horsham. With the help of Nick Brown at Christie and Co, who has used his vast experience in the childcare sector, we have secured an excellent outcome, not only for me, but for the children and parents of the nursery.  The new operators are of the highest calibre and I feel very confident that they will continue to provide the very best childcare in Horsham.”

Chris Holmes, Chief Executive of Cranbrook Day Nurseries said, “We would like to thank Nick Brown at Christie& Co for managing this transaction for us so professionally.

“Given the competitive market for high quality day nurseries we are very happy to have acquired such a high quality nursery with an outstanding reputation. Little Monkeys will provide us with an excellent foundation for further growth both organically and through further acquisitions.”

In the last 12 months, Christie & Co has advised on nursery assets with a value of £733.6m and has the largest dedicated team of childcare business property agents in Europe. May of these transactions have been under taken in a highly confidential manner and completed in a very short time period to suit the needs of vendors and purchasers.