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Nursery market makes buoyant start to the year

The day nursery sector experienced a very busy start to the year, according to Christie & Co, who sold one nursery a week in the first quarter of 2016.

The specialist property company said that despite ongoing uncertainty around funding for the 30 hours childcare offer, the market had not experienced a slowdown, and that demand from buyers and investors remained strong.

High street banks continue to view the sector ‘favourably’, the agents said, citing Lloyds Banking Group, Allied Irish Bank, Barclays Plc, HSBC and the Royal Bank of Scotland in particular, as banks that Christie & Co has worked with most recently.

One of the biggest deals of the year so far for the agents was the sale of First Class Childcare, a group of nine nurseries in the north of England, to Just Childcare, which now operates 32 settings in the region.

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