London, 2017-Aug-22 — /EPR Retail News/ — The historic town centre of Penicuik, Midlothian, is to welcome two new tenants following a successful marketing campaign to attract new retailers.
LCP, which manages Penicuik Shopping Centre on behalf of Evolve Estates, has signed up Kingstan Holdings, trading as Vaporized, for unit 5a on a five-year lease, while takeaway pizza and delivery company Dominos has taken a 20-year lease of unit 9.
Julian Diamond, asset manager at LCP, said: “It’s great news that we continue to attract both local, independent retailers and well-known high street names to Penicuik.
“Since the landlord acquired the centre in February last year, our proactive asset management team has been actively managing the scheme, looking at ways of improving the tenant offer and exploring other options to ensure that it remains an attractive prospect to both tenants and the local community.”
Richard Ford, of Reith Lambert, which acted on behalf of LCP, said: “Although the retail market nationally continues to face challenges, demand for Penicuik remains strong. We are delighted to secure both Domino’s and Vaporized and feel confident that their respective offers will appeal to our core customer and further increase footfall within the scheme.”
Penicuik Shopping Centre has just two units available offering space from 842 – 1,411 sq ft. To enquire, contact: Richard Ford at Reith Lambert on 0141 225 571 or email richard@reithlambert.co.uk
Penicuik Shopping Centre is located in Penicuik, about 10 miles south of Edinburgh. The development totals 53,237 sq ft and there are 18 units. Tenants include Greggs, Lloyds, B&M Home and Farmfoods.
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Source: LCP