Co-op Food & Bright Horizons, Haddenham

Property Description

• Freehold Blue-Chip Day Nursery and Supermarket Investment.
• Forms part of a larger development site including 233 homes, 17 apartments, a 64-bedroom care home and 4.85 hectares of employment land

Location Description

• Haddenham is an affluent location in west Buckinghamshire.
• It is about 5 miles south-west of Aylesbury and 4 miles north-east of Thame in neighbouring Oxfordshire.

Additional Notes

• Let to Bright Horizons nursery for 20 years (break year 15) at a rent of £78,250 per annum (£13.29 psf) with RPI linked reviews up to a cap at 3%, collar 1%.
• Let to Co-operative Food Group Ltd on a 15 year lease at a rent of £96,000 per annum (£21.33 psf) with CPI linked reviews with a cap at 3%, collar 1%.
• Co-operative Group Food Limited – The company represents the food retail element of the Co-op Group, with a group annual turnover of over £9 billion and employing some 70,000 people. The Coop Group are the 5th largest food retailer with approximately 2,800 local, convenience and mid size stores. Their most recent accounts for year ending January 2018 show revenues of £7.159bn with pre-tax profit of £195.4m and net current assets of £1.875bn.
• Bright Horizons –  was founded in 1986 by Linda A. Mason and Roger H. Brown, the company was publicly traded on the Nasdaq under the ticker symbol: BFAM until it was acquired by Bain Capital in May 2008, and became publicly traded again 2013. Bright Horizons acquired kids unlimited in April 2013, which has 64 nurseries and a successful childcare voucher business. Bright Horizons is one the UK’s leading providers of high quality care and education. The business cares for over 24,000 children each week. Bright Horizons bought out the Asquith Court Group in 2016 adding a further 100 nurseries to its care. Bright Horizons operates more than 900 child care centres worldwide, more than 600 across the United States and more than 300 in the UK and Ireland, the company also operates centres in Canada and Puerto Rico. For year ending December 2018 they recorded a turnover of £195.5m with an EBITDA of £21.5m and net assets of £143.3m.