The Little Beehive Nursery Group has completed its acquisition of Little Einsteins nursery in Sang Road, Kirkcaldy with the support of specialist property adviser, Christie & Co.
Little Einsteins nursery was sold at an undisclosed price but it had been closed during the lockdown period.
In preparing for re-opening in Scotland in August, the new owners will look to renovate the site to accommodate 92 children aged up to five years old. The Little Beehive Nursery Group, which already has a pre-school provision in Kirkcaldy, plans to merge its two existing pre-school nurseries and relocate to the newly refurbished Sang Road provision.
Carol Craig, Little Beehive’s director and project lead, commented:
‘I am thrilled to have the Sang Road provision join the Little Beehive Nursery Group. When the opportunity was brought to us by Christie & Co, we knew it was something that was a great fit for our business and, after viewing the property, it seemed like a perfect match for our ethos and brand. There is a lot of work required to get it up to the Little Beehive standard, but I am excited to get the renovation project moving.
‘From the first viewing, we saw the potential the space had, and our goal is to create a modern, clean child-centred provision, allowing free play between areas of the rooms to give the children the freedom of choice and to encourage learning through play. This purchase will be the sixth facility in the Little Beehive Group, providing care for over 500 children in Fife and Angus.’
Martin Daw, senior director for healthcare at Christie & Co, added:
‘I had recently been instructed by my clients Kingdom Homes to consider the confidential sale of their Kirkcaldy based nursery. Having recently met the purchasers, Little Beehive Nursery Group, it was an instant match to their requirements to expand their settings in Fife and after the first viewing they moved quickly to have their offer accepted. Formerly Kingdom Kiddies (now Little Einsteins) was originally set up by Colin Smart who owns a local care home group Kingdom Homes. He opened the nursery so that his family could experience high quality childcare and also run a successful business for the community.
‘I was delighted to handle this sale during a difficult time for the sector. The fact the nursery was closed due to lockdown allowed the purchasers the time to plan and refurbish the property before they reopen. Funding from the Bank of Scotland shows confidence from the financial sector in the childcare market.’