Member Article

Hunny Nurseries continues Leicestershire expansion drive

A Leicestershire-based chain of nurseries has completed a new deal to open its latest site in Kibworth. Total costs for the acquisition of the site and renovation of the premises will be in excess of £800,000.

The new nursery on Smeeton Road, named the Hunny Hive, is the seventh site in Hunny Nurseries’ portfolio. It will serve as the new headquarters of the business, housing office space and in addition to nursery facilities for 75 children.

Founded in 2005 by Rebecca, Jonathan & Carol Bill, Hunny Nurseries places an emphasis on teaching, learning and assessment, as well as personal development, behaviour and welfare for all of the children in its care. In addition to more traditional nursery services, the team at Hunny Nurseries also offers before and after school clubs and activities during the school holidays.

The purchase of the new site, a former doctor’s surgery, was supported by Shakespeare Martineau, who provided legal advice and by HSBC, who acted as corporate finance advisers.

Rebecca Bill at Hunny Nurseries, said: “Looking back over the last 13 years, it’s amazing to see how far we’ve come, largely thanks to the support of our local communities. The new site will enable us to continue to provide excellent nursery facilities, and give us extra space to grow our business in the future.

“Shakespeare Martineau and HSBC have ensured that our interests are well-represented throughout the process and have provided us with excellent legal and financial advice. All of our advisers have been at hand whenever we’ve needed them and we’re looking forward to working together in the future.”

Jonathan Fear, legal director in the Real Estate team at the Leicester office of law firm, Shakespeare Martineau, said: “We’ve worked with Hunny Nurseries for a number of years now and it is always exciting to see a local family business develop and go from strength to strength.

“Certain legal issues affecting the new acquisition meant that we had to involve other teams, including our specialists at Marrons Planning, to help with issues around the permitted use for the property. With redevelopment work well underway, it won’t be long until Hunny Nurseries is ready to open the new site and we wish the whole team the best of luck.”

David Tomlinson, HSBC UK’s area director for Leicestershire, said: We’re committed to helping Leicestershire businesses realise their ambitions for growth so are thrilled to continue our 14-year relationship with Hunny Nurseries. The new site and headquarters will provide extra space for the business as it looks to fulfil a growing demand for its services and enable further expansion.“

This was posted in Bdaily's Members' News section by Shakespeare Martineau .