10/1/2024

FUNDED: PURCHASE OF TWO FREEHOLD NURSERIES

Independent Finance Broker, Christie Finance, is delighted to announce we have successfully funded the purchase of two freehold nurseries


The first setting, Lecropt Nursery, is situated at the high end of Bridge of Allan, in the village of Dunblane. The business provides full time care, a before and after school club. 

The second setting, 2.6 miles away from Lecropt Nursery, is Old Doune Road Nursery, a modern-day nursery located in the heart of Dunblane.  The business has a huge garden which could easily hold a mobile unit/ pod to further increase capacity subject to all necessary consent. 

Both the Lecropt Nursery and Old Doune Road Nursery are in partnership with Stirling Council to provide funded hours and implement guidance to continuously provide quality childcare for both children and families. 

Hamza Razzaq of Four Winds, comments, "We approached Stephen McConalogue at Christie Finance for a commercial mortgage when our offer on a group of nurseries was accepted. As first-time buyers we faced many challenges however Stephen exceeded all expectations by securing a mortgage deal with a specialised lender who offered excellent rates. He kept us fully informed on the process, requirements and what to expect. When stressors were high, he was supportive of us and was available to give advice. We look forward to working with Stephen again on future projects".  

Stephen McConalogue at Christie Finance, comments, “I am pleased to have not only secured the finance for one nursery but for two nurseries for first time buyers Hamza & Tharfa. This is lifechanging for my clients and most importantly shows that there is appetite out there for a first-time buyer entering the childcare sector.” 

John Mitchell, Managing Director at Christie Finance, comments, “‘The day nursery sector remains a very positive sector which lenders are keen to support.  As a result, we’re seeing an increasing amount of activity across the childcare and education sector as a whole.” 

For further information on this press release, contact:  

Niamh Toman, Junior Corporate Communications Executive 
M: +44 7768 646 984
E: Niamh.toman@christie.com  

Contact the brokers: 

Stephen McConalogue, Associate Director 
M: +44 7590 488 475
E: stephen.mcconalogue@christiefinance.com 

John Mitchell, Managing Director 
M: +44 7974 265 259
E: john.mitchell@christiefinance.com