REG - Christie Group PLC - Christie & Co instructed to sell UK attraction

ChristieAnnouncement

17/06/2022 07:00

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RNS Number : 2040P  Christie Group PLC  17 June 2022

17 June 2022

 

Christie Group plc

("Christie Group" or the "Company")

 

Christie & Co instructed to sell iconic UK visitor attraction

 

Christie Group plc (CTG.L), the leading provider of Professional &
Financial Services and Stock & Inventory Systems & Services to the
hospitality, leisure, healthcare, medical, childcare & education and
retail sectors, is pleased to announce that specialist leisure and retail
property advisor, Christie & Co, has been instructed to sell The Trentham
Estate, one of the UK's most iconic visitor attractions and leisure-based
outlet retail and garden centre property investments, on behalf of St. Modwen.

 

The decision to bring the hybrid investment opportunity to the market after
over 25 years of ownership and significant investment follows a strategic
review of St. Modwen's core business. Trentham attracts around 3.25m people -
including over 760,000 paid for visitors - each year, placing the estate in
the top five paid-for garden attractions in the UK.

 

Trentham's business is underpinned by the significant property investment
business which incorporates 85 third-party leasehold occupiers predominantly
located in the Outlook Shopping Village, as well as restaurants and a Blue
Diamond Garden Centre. Trentham also features a Monkey Forest attraction, a
Treetop Adventure high ropes course and water sports centre which itself is
home to Trentham Canoe and Trentham Boat Clubs.

 

Jon Patrick, Head of Leisure & Development at Christie & Co who is
overseeing the sale process added, "Trentham is a unique asset in that it
combines a mix of very stable investment income, as well as revenue from the
gardens and events, whilst delivering numerous opportunities for further
development. Having one of the busiest garden centres in the country, a
vacancy rate of only 2% in the Outlet Shopping Village and an easily
accessible location with 7.5 million people living within an hours'
drive-time, mark Trentham out as one of the most exciting assignments we've
worked on in recent years.

 

"We anticipate that the British public's increasing interest in all things
"outdoors" as well as investors' focus on long income opportunities with
further potential for development and exposure to operational real estate,
will see interest in Trentham coming from a diverse buyer group."

 

Enquiries:

 

 Christie Group plc
 David Rugg                                              020 7227 0707

 Chairman and Chief Executive

 Daniel Prickett                                         020 7227 0700

 Chief Operating Officer

 Jon Patrick                                             0113 389 2710

 Christie & Co - Head of Leisure & Development
 Shore Capital                                           020 7408 4090

 Patrick Castle / Iain Sexton

 Nominated Advisor and Broker

 

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services
group with 39 offices across the UK and Europe, catering to its specialist
markets in the hospitality, leisure, healthcare, medical, childcare &
education and retail sectors.

 

Christie Group operates in two complementary business divisions: Professional
& Financial Services (PFS) and Stock & Inventory Systems &
Services (SISS). These divisions trade under the brand names: PFS - Christie
& Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge,
Venners and Vennersys.

 

Tracing its origins back to 1846, the Group has a long-established reputation
for offering valued services to client companies in agency, valuation
services, investment, consultancy, project management, multi-functional
trading systems and online ticketing services, stock audit and inventory
management. The diversity of these services provides a natural balance to the
Group's core agency business.

 

For more information, please go to www.christiegroup.com.

 

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