LCP acquires multi-let industrial holding at Southfield Industrial Estate in Glenrothes, Scotland

LCP acquires multi-let industrial holding at Southfield Industrial Estate in Glenrothes in Scotland

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

LCP adds two units at Wishaw Retail Park to its burgeoning portfolio in Scotland

LCP adds two units at Wishaw Retail Park to its burgeoning portfolio in Scotland

 

London, 2017-Aug-02 — /EPR Retail News/ — LCP, the leading property, investment and management company, has added to its burgeoning portfolio in Scotland with the addition of two units at Wishaw Retail Park, in Wishaw, at a cost of £1.14 million.

The company, which has already committed £42 million to acquiring 18 retail and industrial sites in England and Scotland in the first half of the year, has bought units 1 and 2 at the retail park, on Glasgow Road.

The units, which comprise a total of 10,067 sq ft space, are occupied by Poundworld and JD Sports and adjoin Aldi, Home Bargains and McDonalds.

James Buchanan, LCP investment director, said the acquisition was the latest in its effort to bolster its portfolio in Scotland. Sites within the portfolio include Knightwood and Govan Cross Shopping Centres in Glasgow, Airdrie Retail Park in Airdrie, and Forbes Court on the Middlefield Industrial Estate in Falkirk.

It has also opened an office in Glasgow with a dedicated asset management team, which is looking after existing properties and is seeking further investments that the company can add value to.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

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LCP adds three retail parades and a portfolio of industrial units to its property portfolio

London, 2017-Jun-05 — /EPR Retail News/ — More than 100,000 sq ft of commercial property has been added to LCP’s property portfolio, the leading commercial property investment and management company has revealed.

The recent additions include three retail parades and a portfolio of industrial units.

James Buchanan, investment director at LCP, said: “We pride ourselves on our proactive management across both our retail and industrial sites, maximising opportunities as well as developing a close relationship with our tenants.”

The sites include Alton Manor Centre, Belper, Derbyshire, which comprises four local and convenience units, including Tesco Express, totalling 7,560 sq ft; eight local and convenience units totalling 6,936 sq ft in High Street Chellaston, Derbyshire, including Lifestyle Express and Hannells; and six retail units totalling 9,501 sq ft in Brough Park, Brough, Hull. Tenants include Lloyds Pharmacy and Johnson Cleaners.

The Ispace Industrial Portfolio consists of 85,115 sq ft space in nine industrial units across three sites in Sheffield and Hull. Tenants include Edmundson Electrical and Rexel Senate Ltd.

Contact:

Tel: 020 7233 5255
Email: propertyenquiry@lcpproperties.co.uk

Source: LCP

LCP appointed to manage Churnet Park in Leek, North Staffordshire

LCP appointed to manage Churnet Park in Leek, North Staffordshire

 

London, 2017-May-25 — /EPR Retail News/ — Leading property investment and management company LCP has increased its portfolio after being appointed to manage Churnet Park in Leek, North Staffordshire.

LCP, which is based in Kingswinford, West Midlands, will now manage the park on behalf of Sheet Anchor Investments, which acquired the estate for an undisclosed sum.

Churnet Park comprises three blocks of commercial space, with a total of 11 units across 60,742 sq ft. Three are currently vacant, which range in size from 397 sq ft to 9,000 sq ft.

James Buchanan, LCP investment director, said the modern commercial development was built in 2012 and is ideally located for the north west and Stoke-on-Trent, being on the outskirts of Leek town centre and directly off the A523 Macclesfield Road.

The proximity of a large Sainsbury’s store means the park would suit a mix of retail, trade, leisure and general business use.

“We’re very pleased to add yet another development to our portfolio. LCP is well known for its pro-active, intensive asset management of all its properties, and we’re looking forward to working with existing and future tenants to ensure its future success.”

Churnet Park, which is located on the former Churnet Works, is just half a mile from Leek town centre. Tenants include Magic Textiles, John Hall Furniture and Elite Gaming.

Contact:
Tel: 020 7233 5255

Source: LCP

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LCP appointed to manage two parades of retail units in Airdrie, Scotland

London, 2017-Apr-19 — /EPR Retail News/ — LCP, the leading property investment and management company, has been appointed to manage two parades of retail units in Airdrie, Scotland.

The company has taken on the asset management of 66-90 Graham Street and 4-16 Gartlea Road after property firm Sheet Anchor Investments acquired the 13 units for an undisclosed sum from Graham Street Airdrie Retail Portfolio Limited.

The properties total 41,736 sq.ft and tenants include Home Bargains, EE, Greggs, Card Factory and Pizza Hut.

James Buchanan, LCP investment director, said: “These well-located and popular retail areas are a welcome addition to our portfolio. We are committed to actively managing all our properties to the highest standards, and identifying areas for improvement and reinvestment.”

Reith Lambert acted on behalf of Sheet Anchor Investments, while Cushman & Wakefield acted for the vendor.

Contact:

Tel: 01384 400123
Fax: 01384 400862

Source: LCP

LCP unveils plans for continued growth in 2017

London, 2017-Feb-07 — /EPR Retail News/ — The LCP group of companies has unveiled plans for continued growth in 2017, following a £98 million investment in its commercial property portfolio last year.

LCP, one of the UK’s leading property investment and management companies, is looking to invest a further £200 million in 2017 in both retail and industrial properties.

Last year, the company invested in 41 sites, totalling 875,000 sq ft, across the UK, the largest of which was the £23.34 million Blossom portfolio, comprising 216,000 sq ft across 14 sites.

James Buchanan, investment director, said: “The past two years have seen LCP undertake significant investment, with a heavy focus on neighbourhood shopping parades, which are vital community assets.

“We are actively identifying opportunities that have potential for improvement and that offer the best value in terms of investment and yields. Once we acquire sites, we are committed to improving them and redeveloping them if necessary for the benefit of local communities. We will continue to acquire more sites in 2017 and are looking forward to delivering the same high level of asset management to our tenants.”

LCP has more than 410 sites, with more than 3,500 tenants and over 15 million sq ft of property.

Contact:
Tel: 020 7233 5255
Fax: 020 7233 5266

Source: LCP

London & Cambridge Properties annual strategic report reveals increase in turnover, pre-tax profits and investments

London, 2016-Nov-23 — /EPR Retail News/ — London & Cambridge Properties (LCP), one of the UK’s largest private owners of retail, industrial and office property to let, has posted an “exceptional year” of results, with an increase in turnover, pre-tax profits and investments.

The company’s annual strategic report for the financial year ending March 31, 2016, reveals that the group’s turnover was £98.430 million – up from £93.147 million the previous year – with pre-tax profits of £70.1 million, up £9.484 million from 2014/2015.

Investments across the group’s UK portfolio have also risen by more than £107 million over the past 12 months, with stock valued at £979.841 million. In continental Europe, its investment portfolio was valued at £183.281 million by March 31, 2016 – an increase of £45.338 million.

The strategic report also reveals that the revaluation of the group’s investment properties at March 31, 2016 resulted in a revaluation uplift of £31.2 million – an improvement of 3.1%.

James Buchanan, LCP’s investment director, said the 12-month period saw the company focus its acquisitions on neighbourhood shopping parades in the UK, acquiring properties to the value of £76.1 million. This included the £36.65 million Navigation portfolio of 19 sites that stretch from North Lanarkshire to West Sussex.

Nick Burgess, managing director of LCP, whose headquarters is based in Kingswinford, West Midlands, said: “This has been another exceptional year for LCP as we have continued our bold strategic plans to acquire properties that provide us with the maximum opportunities for investment and added value

“We remain committed to investing further in both retail and industrial portfolios across the UK and are in a strong position to do so. Our strategy is to improve returns and achieve asset growth through intensive management and development of our properties.

“Across the UK, our occupancy levels remained constant at 93%, although there was a 1.3% improvement in retail occupancy levels, which again reflects the success of our management approach to our portfolio.”

He added that any impact on the company from the result of the EU referendum will be assessed once economic data becomes available in the next six months.

Media Enquiries:

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

Source: London and Cambridge Properties