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Biggart Baillie advises Sandyholm Garden Centre on the sale to Dobbies for £8m
Thursday, April 17, 2008
Corporate and property specialists at leading law firm, Biggart Baillie advised Sandyholm the sale to Dobbies Garden Centres for £8m.
Located at Crossford in Lanarkshire, the garden centre comprises some 36,000 square feet of retail space including a coffee shop situated on a nine acre site. Sandyholm has been a family run business for over 40 years and last December reported sales of £5.8m and a net profit before tax of £1.1m for the year.
Wayne Lawrence, corporate partner at Biggart Baillie commented:
"We were very pleased to help our clients achieve a great deal in a very tight time frame. The transaction was jointly led by our corporate and property specialists, with significant input from our tax, employment and pensions specialists so it was a real team effort across the firm."
David Warnock of Sandyholm commented:
"I was very impressed with the Biggart Baillie team. They did an excellent job pro-actively managing all aspects of the transaction and enabling the deal to be concluded within a very tight timescale. I highly recommend them and wouldn't hesitate working with the team on any future ventures."