The leasehold interest in the nursery was sold off an asking price of £150,000 to the private childcare provider. The new nursery acquisition is the eighth nursery owned by Mace Montessori Schools across six London boroughs.
Located in West Hampstead, the nursery is a full conversion from an empty shell. The sale was managed by specialist property adviser Christie + Co, which was able to facilitate Fortune Green’s wishes to find a buyer willing to take on the nursery without making many changes.
Elizabeth Dillon, director of Fortune Green nursery, said, ‘Christie + Co found me the right buyer, who was committed, professional and who saw the inherent value and potential in my nursery.’
Shahid Hamid, owner of Mace Montessori Schools, said there was no need to make any major changes to Fortune Green, as its current layout and practices were already similar to Mace learning environments.
‘Fortune Green nursery fell nicely between two of our existing branches, Russell Square and Finchely, so it can benefit from shared resources. Everything about the setting is what attracted us to the nursery in the first place; making changes defeats the object.
‘It is spacious and well-equipped, with good quality teachers. All in all it matches the high standards at Mace Montessori,’ he said.
The childcare provider has running Mace Montessori nurseries since 2005, and it caters for children between 12 weeks and five years old.
Daniel Arnold, director at Christie + Co, said that from the company’s initial meeting with Mace Montessori, it was clear that they were the right purchasers for the nursery. He said, ‘We were able to facilitate the sale with very little disruption to the business and ensure smooth continuity between buyer and seller.’
