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Nursery sale sets record asmarket revives

A private day nursery in North Yorkshire has been sold in what is claimed to be the largest ever single asset sale in the UK. Rainbow Private Nursery School in Tadcaster was sold leasehold to an unnamed buyer for an undisclosed sum.

Rainbow Private Nursery School in Tadcaster was sold leasehold to an unnamed buyer for an undisclosed sum.

Courtney Donaldson, a director at Christie & Co, the agent which carried out the sale, said, 'In terms of the price achieved it's the most expensive day nursery transaction in the UK.'

She confirmed that Rainbow had not been bought by a nursery group.

Rainbow is also one of the largest nurseries in the country. It has 216 places for children from nought to five years old and provides care for more than 580 children. It also has a junior club providing after-school care up to 12 years old and a holiday club.

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