Established Group takes on busy Harpenden Pharmacy
Specialist business property adviser, Christie & Co, has announced the sale of Springfield Pharmacy in Harpenden, Hertfordshire.
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Image: Mark Page (Christie & Co) and the new owner of Springfield Pharmacy, Neal Radia (Jade Pharmacy Group)
Springfield Pharmacy is a community pharmacy which dispenses an average of 9,000 items per month. It is located in the affluent town of Harpenden on a quaint, busy high street with a high amount of footfall.
The pharmacy has been owned by a London and Hertfordshire-based group, Jade Pharmacy Group, whose owners decided to sell as part of a strategic divestment.
Following a confidential sales process with Mark Page at Christie & Co, Springfield Pharmacy has been purchased by Ali Mansour of Manor Pharmacy Ltd in Wheathampstead, an experienced dispensary group that already owns two pharmacies in the local area.
Neal Radia, Director at Jade Pharmacy Group, comments, “We are thrilled with the outcome of our pharmacy sale and wish Ali all the best with his new acquisition.”
Mark Page, Director – Pharmacy at Christie & Co, comments, “This is a desirable volume pharmacy in a honeypot town in one of the most sought-after counties in the country. It represents a clever acquisition for Ali, who is very familiar with the community of Harpenden thanks to his other successful pharmacies.”
Springfield Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Lydia Stewart, Junior Corporate Communications Executive
E: lydia.stewart@christie.com P: +447712198994
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