Derbyshire nursery sold as owner retires
Business property adviser Christie & Co has announced the sale of The Lanes Day Nursery in Ilkeston, Derbyshire for an undisclosed amount.
After a confidential sales process managed by Jassi Sunner at Christie & Co, The Lanes Day Nursery has been acquired by Oak Wood Early Years, which now includes both Oak House Nursery and The Lanes.
Established in 1994, The Lanes Day Nursery has a capacity of up to 42 children and boasts a ‘Good’ rating from the CQC.
Angela Mold, who has owned the nursery since 1994, decided to sell the business to retire.
Jassi Sunner, associate director of Childcare & Education, said: “Lanes Day Nursery held a unique position on the border of Derbyshire and Nottinghamshire and, therefore, was always likely to attract a range of interest. Following a thorough marketing process, our client was delighted to select a local operator to continue the good work she had put in place and allow some synergy between her nursery and their existing set-up. This is another example of the confidence in the sector and the focus of activity in the Midlands at the moment where we have seen a number of sales over the long, medium and short term.
“Due to the funding changes this year, we are seeing an increase in activity from new entrants or smaller operators in the sector who are looking to benefit from the changes the sector will provide. Adopting tried and tested local approaches to childcare alongside managing local authority funding will be key to enabling the Government strategy to increase nursery uptake.”
