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Nursery market 'buoyant'

The private daycare market is 'buoyant' as occupancy levels hit around 90 per cent, corporate agent Christie + Co has said.

Christie + Co has brokered significant deals in 2008, including BertramNursery Group's acquisition of the Holyrood Nursery Group (News, 23April). It also assisted in the buyout of Kidsunlimited (News, 16April).

The company's research over the first half of 2008 found nurseriesacross England and Scotland experiencing a significant increase indemand for places.

Director of corporate childcare Courteney Donaldson told Nursery World,'There's always an increase in occupancy levels for the first months ofthe year, but this year has seen a very significant increase. Themajority of nurseries we have spoken with are trading around the 90 percent mark, if not more. Very high occupancy and good levels ofprofitability means operators and investors are looking to acquire thesebusinesses.

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