Marchmont Advise on Barnardo’s Sale and Leaseback Deal

Posted: 11th May 2017

Nick Davies of Barnardos commented that he was “enormously pleased with the outcome” and went on to say that “In December when we first spoke I was almost convinced that we had insufficient time to achieve a decent outcome and realistically were likely to miss the year-end target. You and your colleagues proved me wrong with a really quick response, thorough reporting/recommendations, effective marketing and even some timely prompts for any activity required from me! A job very well done.”

The properties were located in Bournemouth, Cardigan, Chiswick, Greenock, Hythe, Newton Abbot, Pinner, St Annes on Sea and Sudbury. All of the properties had been owned by Barnardo’s for a significant amount of time, including some since the 1960s. The transaction was completed for a price of £3.5 Million.

Marchmont have acted on behalf of Barnardo’s for many years, acting on both acquisitions and disposals across the UK, however this was the first sales and leaseback instruction that they have dealt with on behalf of this client. Barnardos are a UK based Children’s Charity founded by Thomas Barnardo in 1866 to care for vulnerable children and young people.

Since then, it has grown and expanded and now provides 966 services in local communities aimed at children, further to this they currently have more 670 shops in the UK. Marchmont act across the UK on both acquisitions and disposals of investment property, if you would like to speak confidentially about a potential acquisition or disposal please contact us today.