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Property Agency

Eddisons (incorporating Daniells) Harrison instrumental in acquisition of Southampton nursery group chain

Eddisons (incorporating Daniells Harrison) played an instrumental role in the recent acquisition of an award-winning nursery group chain in Southampton.

Daniells Harrison, who have been recently acquired by Eddisons, acted on behalf of Launchpad Early Years, an independent charity group formed by the Portsmouth Diocese and chaired by the Bishop of Winchester.

In acquiring Paint Pots Pre-school and Nursery – a group with ten buildings in the Southampton region, the nurseries join Launchpad’s three existing settings in the villages of Barton Stacey, near Winchester, Appleshaw, near Andover, and Boldre near Lymington.

The Chartered Surveying team, led by Chris Daniells at Eddisons (incorporating Daniells Harrison), provided the complex valuation and lease advisory work for the portfolio of buildings for Launchpad. This was complemented by the initial condition surveys and schedules prepared by the Building Surveying team at Eddisons (incorporating Daniells Harrison), led by Nick Eames.

The client has been delighted by the service provided by Eddisons incorporating Daniells Harrison. Executive Director of Launchpad, The Revd Canon Nick Ralph, Diocese of Portsmouth comments:

“I have been very clear with the board how valuable has been the professional help has been that we have received from Chris, Nick and the team, in the due diligence process, all of which has made an important impact on decisions and made a difference to the Share Purchase Agreement and Lease terms. It has been a steep learning curve for me, but we could not possibly have achieved it without this extremely helpful and significant advice. I greatly appreciate it.”

Paint Pots Pre-school & Nursery was founded 29 years ago by David and Anna Wright, who are now retiring. The settings, all of which are rated good or outstanding by Ofsted, will continue to be run by the social enterprise under the Paint Pots brand.

Social enterprise Launchpad Early Years was established in 2019 with three pre-schools, which have a broad Christian ethos similar to church schools and are based on the Church of England’s Vision for Education. The settings are open to all children of all faiths.

 

Image by Teri Pengilley via www.teripengilley.com

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