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Childcare brokers report rise in nursery deals

First-time buyers are leading a buoyant market for buying nurseries and childcare groups, according to one of the sector’s leading brokers.

Redwoods Dowling Kerr has negotiated 22 deals for the first quarter of 2016 – compared to 62 for the whole of last year – of which nine were for first-time buyers.

Sales include Asquith's buyout of a North London Montessori group last month.

The buyers broke down as:

paul-millerCEO of Redwoods Dowling Kerr, Paul Miller, told Nursery World, ‘I can only speak for ourselves but year-on-year, we have seen a significant increase in sales. We’ve brokered 22 deals worth over £15m already in Q1 compared to a total of 62 throughout the whole of last year. Traditionally, Q1 is the quietest quarter and with our current pipelines, we’re expecting a record year of sales. 

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