UK: LCP announces new tenants to open branches at Scott Arms, Great Barr

London, 2017-Jul-04 — /EPR Retail News/ — Two nationally known names are to open branches at a busy Birmingham shopping parade – with a third well-known high street retailer also poised to sign up, leading investment and property management company LCP has announced.

Dignity, one of the largest providers of funeral services in the country, and a nationwide takeaway and delivery chain have both signed tenancy agreements at Scott Arms, Great Barr, which is managed by LCP. A third high street name, which is not yet being named, is also under offer.

Jo Salmon, retail portfolio manager at LCP, said the deals gathered pace after it decided to introduce free parking for 90 minutes at Scott Arms in January.

LCP has also spent £100,000 carrying out a reconfiguration of the existing space to attract the new retailers to the scheme.

Dignity has signed a 10-year lease for a 1,400 sq ft unit, while the takeaway and delivery chain has agreed a 20-year lease for a 2,066 sq ft unit, which will also have seating for customers.

“We are very pleased to have signed up these two new tenants to Scott Arms,” said Jo. “The shopping parade is very popular among locals and it also attracts a great deal of passing trade, so the fact that we introduced the free, limited-time parking has had a positive impact, with a marked increase in footfall. It’s this that has helped us to attract these nationally known names.”

Just one unit remains vacant at the busy shopping parade, which about half a mile from junction 7 M6, although LCP hopes to announce a new occupier within weeks.

National commercial property consultancy Lambert Smith Hampton (LSH) acted as agents for LCP, attracting the new tenants to Great Barr.

Richard Jones, director of retail agency at LSH Birmingham, said: “We used our expertise to find the right tenants for the mix and are very pleased to have worked closely with the businesses and LCP to ensure the successful closure of these deals.

“With more than 30,000 passing vehicles each day there are potentially 11 million customers every year, making it a very attractive prospect for retailers.”

Ciaran Nolan, head of property at Dignity, said: “We are delighted to be opening a satellite branch in the Scott Arms Shopping Centre. We are committed to providing a high quality of service for our existing clients as well as increasing the level of choice for bereaved families that live in this area of the city.”

The shopping centre is prominently situated at the crossroads of the A34 Birmingham/Walsall Road, which connects Birmingham with Walsall, and the A4041 connecting West Bromwich and Sutton Coldfield. Junction 7 of the M6 is just over half a mile north of the Scott Arms.

LCP is planning further improvements at Scott Arms, including a car park extension, upgraded landscaping and common parts, plus new signage. Other occupiers include Iceland, Greggs, Well Pharmacy and Ladbrokes.


Source: LCP

London & Cambridge Properties announces 90 minutes free parking for shoppers at Scott Arms parade at Birmingham Road

Londony, 2017-Feb-22 — /EPR Retail News/ — Shoppers at a popular precinct in Birmingham will be able to enjoy up to 90 minutes of free parking from immediate effect, London & Cambridge Properties (LCP) has announced.

LCP, which in 2016 took over the management of the Scott Arms parade at Birmingham Road, Great Barr, has unveiled the offer, which forms part of its longer-term plans to help boost footfall for local retailers.

The 30,336 sq ft parade has 16 shops, including Greggs, Iceland and Well Pharmacy, has 68 car park spaces, including three disabled bays, all of which will now offer the limited free parking.

The good news comes as LCP reveals it is also set to welcome to Scott Arms two new nationally known retailers early this year, after it has completed work to reconfigure two vacant units.

Jo Salmon, retail portfolio manager at LCP, said: “Scott Arms is a busy and popular parade, both with local shoppers and those passing through. Since we began managing it, we’ve been looking at ways we can encourage more people to use these great facilities and believe that offering free parking for 90 minutes is an excellent starting point.

“We’re also undertaking work on two units that are earmarked for new tenants, which means that there will be only one vacant retail unit on the parade.”


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Source: LCP

LCP: Children’s charity Barnardo’s opens shop at Boscomoor Shopping Centre in Penkridge

London, 2016-Nov-29 — /EPR Retail News/ — Children’s charity Barnardo’s has opened a fundraising shop in Penkridge, Staffordshire, London & Cambridge Properties (LCP) has announced.

The shop at Unit 7a, Boscomoor Shopping Centre, Wolverhampton Road, opened after the charity agreed a 10-year lease with LCP, which manages the nine-store site.

The 1,004 sq ft property is the seventh store that Barnardo’s has opened in an LCP property in the past 12 months. Andrew Allen at LWE Commercial Property Advisers represented the charity during the negotiations.

Jo Salmon, retail portfolio manager at LCP, said: “We have a close relationship with Barnardo’s, having worked with the charity for a number of years accommodating their property requirements, within our portfolio. We are pleased to have been able to help yet again so that it can continue its fundraising efforts.”

Other stores at Boscomoor Shopping Centre, include: The Co-operative and Flaming Grill.

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Source: London and Cambridge Properties