LCP: Prime Point development in the Black Country is ready for occupation

London, 2017-Aug-28 — /EPR Retail News/ — The first unit at a multi-million pound speculative development in the Black Country has been completed three months ahead of schedule.

The 20,000 sq ft unit – Building A – at Prime Point, which is being developed by LCP, the leading national property, investment and management company, at its flagship Pensnett Estate industrial estate is ready for occupation.

The adjoining Building B, a 30,000 sq.ft unit, has also been built and left as a shell, for incoming tenants to work with LCP to arrange their exact office fit out requirements. Both units can be let in multiples of 10,000 sq.ft

Andrew Preston, industrial portfolio manager of LCP, said: “The contractors have been progressing very well indeed with the development of Prime Point and we are now three months ahead of schedule for the completion of the first unit.

“We’ve also been pleased by the response to the marketing of the site, the level of enquiries we’ve received since we launched the development has been extremely positive.”

When complete, the first phase of Prime Point will comprise a building of 20,000 sq ft and another of 30,000 sq ft, each of which can be split into 10,000 sq ft units to accommodate smaller businesses.

LCP’s appointed agents, Bulleys and Lambert Smith Hampton, have been working with the company to attract new businesses to the area and talks are progressing with a number of interested parties.

Really Useful Products, which manufactures storage boxes for business and home, has already signed a deal to move to a 31,000 sq ft bespoke building on part of Prime Point.

LCP is holding an open day at Prime Point on Wednesday, September 6, between 11 am and 2 pm, for businesses. Anyone interested in attending should email: kyates@lcpproperties.co.uk

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.
The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.

Contact:
Andrew Preston
01384 400123
apreston@lcpproperties.co.uk

Matt Tilt
Lambert Smith Hampton
0121 237 2347

Noel Muscutt
Bulleys
01902 713333

Source: LCP

LCP: Prime Point development ahead of schedule with Buildings A & B being ready for occupation in August

London, 2017-Jun-28 — /EPR Retail News/ — The newest speculative development by leading investment and property management company LCP is progressing well, with Buildings A & B being ready for occupation in August – two months ahead of schedule.

Roofs and cladding are already completed on the first two buildings at Prime Point, a 130,000 sq ft development of four industrial and warehouse units on the Pensnett Estate, Kingswinford, LCP’s flagship industrial estate.

Preparation works to the floor and yard are also progressing, while concrete works have begun on building one, with building two scheduled to start concrete works at the beginning of next month.

Andrew Preston, industrial portfolio manager of LCP, said: “We are pleased with progress and the contractors are well ahead of schedule, which is good news. The first two buildings are looking great and we have already being showing potential occupiers around.

“We are offering units of between 10,000 and 40,000 sq ft, of which there is a particular shortage, and we are working with our appointed agents, Bulleys and Lambert Smith Hampton, to attract new businesses to the area.”

Really Useful Products, which manufactures storage boxes for business and home, has already signed a deal to move to a 31,000 sq ft unit on part of Prime Point.

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.

The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.

Contact:
Andrew Preston
01384 400123
apreston@lcpproperties.co.uk 

Matt Tilt
Lambert Smith Hampton
0121 237 2347

Noel Muscutt
Bulleys
01902 713333

Source: LCP

LCP granted planning permission for a new industrial unit in Burntwood, Staffordshire

LCP granted planning permission for a new industrial unit in Burntwood, Staffordshire

 

London, 2017-Jun-20 — /EPR Retail News/ — Plans for a new industrial unit in Burntwood, Staffordshire, have been unveiled after Lichfield District Council granted planning permission to leading commercial property company LCP.

This speculative development in zone 3 of Burntwood Business Park, which will comprise a total of 50,000 sq ft of industrial space, follows an increase in enquiries from firms looking for industrial and trade premises in the town, says Andrew Preston, LCP industrial portfolio manager.

He is confident that firms will be attracted to the business park, particularly because the units will be available in multiples of 10,000 sq ft.

“We have very low levels of voids there and the level of enquiries we are receiving from businesses that want either to relocate to Burntwood or who are already there and want to expand suggests that there will be a demand for them,” he said.

“We are offering flexibility in the size of units available, which makes it an even more attractive prospect.”

LCP intends to start on site later this year with an anticipated completion date of summer 2018.

The new buildings, which will be steel portal frame construction with minimum eaves height of 23ft (7m), can be tailored to meet reasonable occupier requirements.

LCP owns Zones 2, 3 & 4 Burntwood Business Park, which has more than 80 units and 765,000 sq.ft (65,032 sq.m) of commercial property. The park is conveniently located between Cannock and Lichfield on the A5190, just six miles from junction 11 of the M6 and eight miles from junction 1 of the M54. Junction T6 of the M6 Toll Road is less than one mile away and the A5 is one and a half miles away.

It benefits from mobile security patrols and 24hr CCTV security coverage. Existing tenants on the park include Ebrex UK, Staffordshire Signs & Graphics, Emak UK, Gradient Flat Roofing and Uniseal.

Contact:

Tel: 01384 400123
Email: propertyenquiry@lcpproperties.co.uk

Source: LCP

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LCP: Really Useful Products signs 15-year lease at Prime Point

London, 2017-May-11 — /EPR Retail News/ — LCP, the national commercial property investment company, has unveiled the first tenant to sign up to Prime Point, its multi-million pound speculative industrial and warehouse development in the Black Country.

Really Useful Products, which manufactures storage boxes for business and home, has agreed a 15-year lease for a 31,000 sq ft unit at Prime Point, which is being built at The Pensnett Estate, LCP’s flagship industrial estate in Kingswinford.

The agreement is a coup for LCP, which is investing in the speculative development, building four industrial and warehouse units, totalling 130,000 sq ft. Construction started December and the first unit is expected to reach practical completion in September. Telford-based contractor McPhillips has been appointed to deliver the scheme..

Any businesses interested in relocating to DY5 or finding out more information can contact the DY5 team on 01384 812001 or email info@dy5enterprisezone.co.uk
Further details can also be found at www.dy5enterprisezone.co.uk or keep up to date by following @DY5enzone on twitter.

Andrew Preston, LCP industrial portfolio manager, said the development, which is supported by The Black Country Local Enterprise Partnership (BCLEP), was fulfilling a need for small-to-medium sized units in the area.

Andrew Preston, LCP industrial portfolio manager, said: “With building work progressing well, we are pleased to unveil the first tenant that will occupy a standalone building at Prime Point.

“We are pleased to be working closely with Really Useful Products to provide a modern warehouse unit that fits their business needs. We are also looking forward to signing up further tenants over the next few months.”

Mike Pickles, of Really Useful Products, added: “The move will enable us to improve our customer service and support, as well as provide our existing workforce with assurance of our commitment to growth. We hope to recruit up to 10 more employees once we settle in.”

The company could benefit from business rate discount of up to £55,000 per year because Prime Point is included within DY5 Dudley’s Business and Innovation Enterprise Zone, which was launched officially last month (April 2017).

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.

For more information about Prime Point:

Matt Tilt
Lambert Smith Hampton
0121 237 2347

Noel Muscutt
Bulleys
0121 544 2121

Source: LCP

LCP supports Dudley Kingswinford Running Club’s 10k road race

London, 2017-Apr-04 — /EPR Retail News/ — Leading commercial property firm LCP has signed up to be main sponsor of the Dudley Kingswinford Running Club’s 10k road race for the third consecutive year.

The Gold Standard annual race, which takes place on the evening of Wednesday, May 3, has a capacity of 1,100 runners and is now one of the biggest midweek road races in the Midlands

The race, which was launched in 1986 by Dick Blackburn, former chairman and founder of the running club, will also promote much-needed fundraising for Action Heart, a local charity that provides rehabilitation for heart surgery patients and individuals who have suffered a heart attack.

Andrew Preston, industrial portfolio manager at LCP, who has organised a team of 12 runners from the company, said it was keen to support the event again this year.

“The DK 10k is a really well-supported road race that we are only too pleased to sponsor again,” he said. “We have a running club at LCP, so are looking forward to entering a team of runners.”

Thanking LCP for its support, race organiser Gary Bonner said: “We’re very grateful for LCP’s support yet again. Corporate sponsorship is crucial for us because it ensures we have the resources in place to organise the race.

“Anyone wishing to take part should sign up for the event now. It is always a great race and we are looking forward to staging it again this year.”

To enter the LCP DK 10K, visit http://www.dkrunningclub.co.uk/. For any race enquiries and questions, email: DK10K@outlook.com

Contact:

Tel: 01384 400123
Fax: 01384 400862

Source: LCP

LCP appoints West Midlands property agencies Bulleys and Lambert Smith Hampton to jointly market Prime Point

London, 2017-Mar-21 — /EPR Retail News/ — Leading commercial property investment company LCP has appointed two West Midlands property agencies to help attract businesses to its multi-million pound speculative development.

LCP is building Prime Point, a 130,000 sq ft development of four industrial and warehouse units, on a site at its flagship Pensnett Estate business estate in the Black Country.

With building now well under way, it has appointed West Midlands commercial property specialist Bulleys and national commercial property consultancy Lambert Smith Hampton (LSH) to jointly market the development.

Andrew Preston, LCP’s industrial portfolio manager, said: “This is a major investment and we are keen to ensure that businesses from as far afield as possible are made aware of the potential to relocate or open a new base here in the Black Country. Both LSH and Bulleys have exceptional contacts in the UK across a wide range of sectors, which will help yield high-calibre tenants that are looking for first-class premises in an area that has excellent road and motorway links.”

Matt Tilt, director of LSH Birmingham’s industrial and agency team, said: “Prime Point will be a superb addition to the Pensnett Estate and we’re looking forward to working with LCP to help bring businesses here. We’ll be using our extensive networks in the industrial and logistics sectors to market this much-needed facility.”

Noel Muscutt, partner at Bulleys, added: “LCP is bringing Prime Point to the market at an important time when there is an extreme lack of quality industrial units available for occupiers. Bulleys is excited to be working with LCP on this prestigious scheme.”

Potential tenants at Prime Point can take units between 10,000 and 40,000 sq ft. Completion is expected in November 2017.

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property.  The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.

Contact:

Andrew Preston
01384 400123
apreston@lcpproperties.co.uk

Source: LCP

LCP announces the appointment of Jonathan Cooper as new asset manager

LCP announces the appointment of Jonathan Cooper as new asset manager

 

LONDON, 2017-Feb-16 — /EPR Retail News/ — LCP is pleased to announce the appointment of a new asset manager as it continues to grow its commercial property portfolio.

Jonathan Cooper joins the Kingswinford office from GVA Birmingham where he was a senior surveyor in the property management consultancy.

At LCP, Jonathan, who is MRICS qualified, will take on the role of lease advisory surveyor and will focus on the burgeoning industrial portfolio, looking at all aspects of strategic property matters, including acquisitions, lease renewals, rent reviews, and re-gearing.

He has 14 years’ experience in the commercial property sector, which also includes three years at national property consultancy Lambert Smith Hampton in Newcastle-upon-Tyne.

“LCP is going through a very exciting period and is demonstrating a very proactive approach towards investment,” said Jonathan. “When the opportunity arose to work for such a major property investor and to be involved in all property matters on the portfolio, I was keen to play a role.”

Andrew Preston, industrial portfolio manager, said: “In the past two years, we have increased our portfolio and are actively looking to acquire new sites over the next 12 months. Recruiting new staff is crucial to achieving that aim and we are pleased to welcome Jonathan to the industrial team.”

Contact:

Tel: 020 7233 5255
Fax: 020 7233 5266

Source: LCP

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London & Cambridge Properties completes bespoke extension for Steel Processing (Midlands) Ltd at its Burntwood base

London, 2016-Dec-28 — /EPR Retail News/ — A booming Staffordshire steel firm has created new jobs and expects to double its turnover after investing £2 million to extend its existing manufacturing unit and grow its business.

The good news comes after leading property investment firm London & Cambridge Properties (LCP) completed the bespoke extension for the steel processing company at its Burntwood base.

Steel Processing (Midlands) Ltd (SPM) says the 14,500 sq ft extension, of its existing unit at Zone 4, Burntwood Business Park, will enable it to meet increasing demand for its products and put it on target to double its turnover in 12 months.

The expansion means that the company has taken on 15 new members of staff, taking it to a total of 60. It is also on target to more than double its turnover to £40 million this financial year.

As well as agreeing to the extension LCP, which owns and manages Zone 4 of the business park, also carried out a number of improvements to the company’s existing 36,963 sq ft unit.

SPM has now committed to the business park for another 20 years after signing a new lease and investing about £2 million in their business expansion plans, including a new slitting machine.

Nick Liggins, commercial director of SPM, a privately owned steel stockholding and processing business, said: “We were running at full capacity on three shifts for some time and we had the choice to stay as we were or to put down new capacity. We took the latter decision.  This was driven by the fact that we needed to be able to maintain our excellent customer service levels whilst also having the facility to take advantage of growth opportunities.

“We’ve been at Burntwood Business Park since 1993 and were keen to stay where we were, so we worked with LCP to ensure that the extension was purpose built to our exact specification. We have now installed a Georg slitting line, which is currently being commissioned and should be fully operational by the beginning of November.”

“This is a very exciting time in our company development and we are looking forward to feeling the benefits of having this capacity fully on stream.”

Andrew Preston, industrial portfolio manager, of LCP, added: “We are delighted that our long-standing tenant Steel Processing Ltd chose to stay at Burntwood Business Park. We pride ourselves on working closely with our tenants and assisting them with their business expansion plans.”

Media Enquiries:

If you have any media enquiries please email kyates@lcpproperties.co.uk

Source: London and Cambridge Properties

LCP to begin extension works at The Pensnett Estate

London, 2016-Dec-05 — /EPR Retail News/ — Work on the first stage of a major speculative development in the Black Country will begin in the first week of December, London & Cambridge Properties (LCP) has announced.

Construction workers will be on site behind LCP’s headquarters on its flagship business estate in Kingswinford to bring forward the industrial and warehouse units on a site now named Prime Point.

Completion of the units is expected in November 2017.

The configuration of the four industrial and warehouse units totalling 130,000 sq ft, means that potential tenants can take units between 10,000 and 40,000 sq.ft, said Andrew Preston, industrial portfolio manager at LCP.

“Void levels on the estate are low and we are receiving enquiries every week from companies looking for units in this size range, so we believe that this first phase will be very popular with businesses looking to relocate to the area,” he said.

“This is a significant investment for LCP that will be a real boost for the local economy. We are excited that the first phase will be underway shortly and look forward to welcoming new tenants to The Pensnett Estate.”

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.

The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with the latest development.  The contractor for the development is Telford-based McPhillips and LCP will be marketing the development.

Contact:
Andrew Preston
01384 400123
apreston@lcpproperties.co.uk

Source: LCP