Glenrothes industrial estate is added to Scotland portfolio
West Midlands, England, 2018-Jan-17 — /EPR Retail News/ — As part of our ambitious growth plans, we are pleased to announced that we have acquired an industrial estate in Scotland – our ninth acquisition in the country in the past few months.
The £3.1 million investment for the multi-let industrial holding at Southfield Industrial Estate in Glenrothes includes units that range in size from 941 sq ft to 10,000 sq ft and altogether provide 234,148 sq ft of accommodation. The premises are let to 21 different companies, providing a rental income of £465,661.
We opened our first Scotland headquarters in Glasgow last year and have invested millions of pounds acquiring nine portfolios comprising 48 industrial retail units – totalling 346,810sq ft of real estate.
James Buchanan, investment director, said it was keen to secure this latest investment because of the asset management opportunities, which include lease re-gears and potential sales of units to tenants.
“This is a key acquisition in an increasingly important region for the company,” he said. “Our team of pro-active asset managers is now examining ways in which we can add value to the properties for the benefit of local businesses. They will also be using their extensive knowledge to attract tenants to the four units that are currently vacant as part of their marketing campaign.”
The four units that are available range from 2,410 sq ft to 19,242 sq ft and are suitable for a range of uses, including industrial.
For more information about the units, contact Roddy Proudfoot, asset manager, on 0141 465 3395 or email: RProudfoot@lcpproperties.co.uk
SOURCE: LCP Management Ltd