LCP welcomes Ceri Markham and Derek Croal as new asset managers

LCP welcomes Ceri Markham and Derek Croal as new asset managers

 

LONDON, 2018-Jan-30 — /EPR Retail News/ — LCP has appointed two new asset managers.

Ceri Markham and Derek Croal both join LCP’s head office in Pensnett, West Midlands. Ceri joins the industrial team from Cushman and Wakefield, where she was a senior surveyor in its asset services team. She has previously worked at Jaguar Land Rover and SEGRO.

Derek has joined the retail team from Walsall-based European Food Brokers Ltd, where he was group estates manager, leading the in-house property team in the management of the group’s 110 trading and 125 investment properties.

Managing director Nick Burgess said: “We’re gearing up for a very busy and productive 2018, with ambitious acquisitions targets, so we are delighted to welcome Ceri and Derek, who bring many years of first-class experience in their respective fields to LCP.”

Ceri, who enjoys travelling to South Africa where she has family, said: “Coming to LCP was an attractive prospect because of its ambitious plans for growth and because of its unqualified commitment to tenants. I’m very much looking forward to making my contribution to the firm.”

Sportive cyclist Derek added: “I’m very pleased to join LCP at a time of growth. It has expanded its retail portfolio significantly in recent years and its values in looking after the communities in which it acquires properties really appealed to me.”

Media Enquiries:

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

Source: LCP

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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 promotes Amy James to legal director

LCP promotes Amy James to legal director

 

London, 2017-Dec-12 — /EPR Retail News/ — Amy James, LCP’s head of legal, has been appointed a new director.

Amy joined the company’s London office in 2007 as a solicitor, after training, qualifying and practising at Clifford Chance LLP. She was appointed head of legal (uk) four years ago and has now been promoted to legal director.

Amy said: “LCP is an ambitious company in a thriving and dynamic sector, having undertaken strong and confident growth since I joined the business. I’m very pleased to have the opportunity to continue leading the legal team in my new role as Legal Director.”

She will continue to manage the legal teams operating from offices in London, the West Midlands, where LCP is headquartered, and Glasgow.

Nick Burgess, managing director of LCP, said: “Amy is an impressive and talented solicitor who has played a key role as we grow the business and we are keen to harness her expertise, skills and ideas in a director role. We are looking forward to working with her in this new capacity, helping us to drive the company forward.”

Media Enquiries:

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

Source: LCP

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LCP: shopping parade in Alvaston, Derbyshire now fully let with new tenant Lucy Nails moving in

London, 2017-Nov-22 — /EPR Retail News/ — A well-manicured local shopping parade in Alvaston, Derbyshire, is fully let for the first time in its history – demonstrating that confidence in the retail market is increasingly buoyant.

The parade of eight shops on London Road, which is anchored by a Co-op supermarket, has signed up Lucy Nails, a local independent business, on a 10-year lease for a 660 sq ft retail unit.

The letting follows a run of new tenants moving to the parade in the past 18 months, including Card Factory, Wokaholic and Mrs B’s Café.

Steve Pell, retail asset manager for LCP, said the prominent location and vibrant community had helped to attract new tenants.

“It’s great news for the local community that this parade is now fully let because it demonstrates that there is a renewed appetite for entrepreneurs to take the plunge and open their own business,” he said.

“As a company we’ve focused on acquiring local convenience parades and investing in them and this approach is enriching local areas across the country because they are benefitting from better facilities on their doorsteps.”

Darran Severn, of FHP Property Consultants, which was appointed to market the parade on behalf of LCP, said: “We have seen a great turnaround in Alvaston. Going back 12 months there were three vacancies with the possibility of another on the horizon. The parade now comprises a good mixture of national and local businesses.”

Source: LCP

LCP: Home Bargains opens a newer, bigger store at Central Square in Maghull

LCP: Home Bargains opens a newer, bigger store at Central Square in Maghull

 

London, 2017-Sep-20 — /EPR Retail News/ — The Mayor of Maghull, Councillor June Burns, has officially opened the newer, bigger Home Bargains store in the town’s Central Square.

The leading nationwide discount store has almost doubled its space, opening a 10,000 sq ft unit and agreeing a new 15-year lease.

Matt Pegg, asset manager for national commercial property and investment company LCP, which manages the shopping centre on behalf of owner Grainrent, said: “We’re very pleased to have a strong anchor tenant as Home Bargains taking extra space and committing to staying at Central Square.

“As part of our programme of investment, we’ve earmarked about £1 million on improvements at Maghull, which includes creating 15 new retail units and reconfiguring some of the existing space to improve the retail offer for local people.”

LCP is also planning to improve landscaping works and the public space, along with works to increase car parking spaces from 75 to 97 and improve traffic circulation.

The previous unit occupied by Home Bargains previous is now being refurbished by Anytime Fitness, which plans to open a gym by the end of 2017.

Joe Morris, operations director at Home Bargains, said: “The store opening was a great success and we’d like to thank the residents of Maghull for their warm welcome. We’re thrilled by the response we’ve already seen from shoppers and are looking forward to seeing even more new customers come through the doors. We’d also like to thank all staff members for ensuring the launch day ran as smoothly as possible.”

The new store offers a range of products, including homewares, health and beauty essentials, sweets, snacks and drinks, as well as fresh and frozen food.

Central Square, Maghull, is a 58,000 sq ft retail development in Maghull town centre, just eight miles outside Liverpool. It comprises 40 units and occupiers include Costa Coffee, Boots, Thomson, Superdrug, 02, Thomas Cook, HSBC, B&M Bargains, and Dominos.

Source: LCP

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LCP appoints Julian Diamond as new retail director

LCP appoints Julian Diamond as new retail director

 

London, 2017-Aug-31 — /EPR Retail News/ — LCP, the leading investment and property management company, has announced the appointment of a new retail director.

Julian Diamond joined LCP in 2004 as an asset manager at the company’s Millbank office in London, where he had responsibility for a mixed portfolio of retail, office and industrial premises in the South East of England and in Scotland.

With a promotion to LCP’s senior management team, Julian will play a central role in ensuring sustainability and income generation for the properties within LCP’s growing retail property portfolio, and will also manage and develop relationships with retailers.

He said: “I’m excited by the challenges of being a director at LCP, which continues to demonstrate its commitment to investing in its property portfolio and actively managing its assets.

“I’m looking forward to playing a significant role in the company’s continued expansion and working closely with our partners. Since the beginning of 2017, we have focused particularly on Scotland and have opened our first management office in Glasgow with great success. That office is about to expand further both in size and personnel.”

Nick Burgess, managing director of LCP, said: “Over the past 13 years, Julian has been an exemplary asset manager at LCP and his appointment to director is in recognition of his commitment and achievements over that time.”

Contact:

Julian Diamond
jdiamond@lcpproperties.co.uk  
020 7233 5255

Source: LCP

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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: Penicuik Shopping Centre in Scotland welcomes two new tenants Dominos and Vaporized

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.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

LCP invests more than £200,000 on major refurbishments at Norcot Industrial Estate, Tilehurst in Reading

London, 2017-Aug-16 — /EPR Retail News/ — LCP, the leading national property, investment and management company, has invested more than £200,000 on improving one of its industrial estates in Reading.

Units 3 and 6 at Norcot Industrial Estate, Tilehurst, have undergone major refurbishments, including new windows, roller shutter doors, and redecoration throughout. Unit 3 also had a new roof and floor and refurbished offices.

Other improvements completed there include landscaping, refreshed common areas and new signage.

Ed Tuckett, asset manager at LCP, which owns and manages the estate, said the improvements were undertaken as part of its active management programme.

“LCP prides itself on investing significant time and money on ensuring its property portfolio is maintained to the highest of standards, for the benefit of our clients and to help attract new occupiers to our estates and properties,” he said.

“We’re very pleased with the work that we have done at Norcot and as a result of the works, the newly renovated units are now being marketed. We’re already attracting interest from would-be occupiers, which demonstrates the need for good quality units of 10,000 sq ft and under in this particular area.”

Out of the seven warehouses/industrial units at Norcot Industrial Estate, just the refurbished units – unit 3, at 10,948 sq ft and unit 6 at 8,707 sq ft – are available, each of which is suitable for industrial, trade or leisure use.

JLL and Parkinson Holt have been appointed joint agents to market the units.

Norcot Industrial Estate, Sterling Way, Tilehurst, is just two miles west of Reading town centre and is also convenient for the M4 junction 12 at Tilehurt or junction 11 at south Reading.

Tenants include Aerospace Metallic Supply, VJ Tech Ltd, and Krazy Play, which is Reading’s largest soft play and party centre.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

LCP: Mencap, the learning disability charity to open a new store in Sherwood, Nottingham

London, 2017-Aug-15 — /EPR Retail News/ — Mencap, the learning disability charity, is to open a new store in Sherwood, Nottingham, leading national investment and property management company LCP has announced.

The charity has signed a 10-year lease for the 1,037 sq ft store at 601 Mansfield Road which is part of LCP’s nationwide retail portfolio, as it looks to increase the number of shops across the country.

Andrew Barrett, LCP retail director, said it is the third store Mencap has opened within its retail parades in the past six months. Others have opened at the Paddocks in Catton, Norwich, and the Hamilton Local Centre in Leicester.

“We’ve been working closely with the charity over the past few months to help it find suitable premises for its stores and are very pleased to welcome Mencap to this busy parade in Sherwood,” he said.

Glenn Hall, head of retail for Mencap, said: “We are delighted to be opening our new Mencap charity store on Mansfield Road, Sherwood as part of our expansion programme. The store will create two new paid job opportunities, as well as a place for the local community to volunteer, donate and shop. We are looking forward to welcoming new customers and volunteers to our store soon.”

LCP’s Mansfield Road retail parade comprises 10 units, including Holland & Barrett, the Post Office and Pizza Hut Delivery. It is located in a predominately residential area and is about three miles north of Nottingham city centre.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

LCP: Upholsterer and furniture repair specialist opens his first standalone premises at The Pensnett Estate, Kingswinford

London, 2017-Aug-08 — /EPR Retail News/ — An upholsterer and furniture repair specialist with more than 20 years’ experience has opened his own business in the Black Country.

Gary Burns, who has worked for nationally known companies before setting up Classic Furniture Care 12 months ago, has agreed terms with leading investment and property management company LCP for his first standalone premises at The Pensnett Estate, Kingswinford.

He has taken Building 53A, Bay 6, a 426 sq ft unit at LCP’s flagship industrial estate after moving his fledgling business, which undertakes reupholstery, upholstery repairs and leather repairs, out of his mother’s garage.

“It was always my intention to have my own business premises and I wanted to make sure I had established myself as a sole trader before doing that,” said Gary, who lives nearby.

“I’ve been to The Pensnett Estate a number of times over the past 20 years for my work and was really pleased to find that it offered small units on flexible terms, which is ideal for start up businesses, so I was keen to take one on when I discovered the terms it could offer.”

Paula James, LCP industrial lettings manager, said: “The Pensnett Estate offers a huge range of premises for occupiers – from small start-up office spaces and industrial units of 450 sq ft to large buildings of 90,000 sq ft and more. We look forward to continuing our relationship with Gary as his business grows.”

Contact:

kyates@lcpproperties.co.uk

Source: LCP

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: discount retailer Poundland completes major refit of its Moor Centre store at Brierley Hill

LCP: discount retailer Poundland completes major refit of its Moor Centre store at Brierley Hill

 

London, 2017-Aug-01 — /EPR Retail News/ — Leading discount retailer Poundland has committed to Brierley Hill after refurbishing its store at the Moor Centre.

The high street retailer has undertaken a major refit at the 7,978 sq ft store, said Matt Pegg, asset manager for LCP, the leading national property, investment and management company that manages the Moor Centre.

“We are pleased Poundland has recognised the benefit of being in the centre and reinvested in their store which is well used by the local community,” he said.

“Since purchasing the centre two years ago we’ve been working hard to cement the scheme’s importance in Brierley Hill centre for larger retailers.  With free parking and easy access to the High Street, Poundland will further bolster the Moor Centre’s appeal and significance in this town”.

A spokesman for Poundland said: “We are delighted with our Moor Centre store at Brierley Hill and think it is currently the perfect size and shape for its function.”

The Moor Centre comprises over 12 stores, including leading high street names such as Boots, Iceland and Card Factory.  LCP are in discussions with other occupiers to take the remaining available units.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

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LCP: Wolf Thai Boxing opens new training gym at Enterprise City

LCP: Wolf Thai Boxing opens new training gym at Enterprise City

 

London, 2017-Jul-20 — /EPR Retail News/ — A well-known Spennymoor Thai boxing expert has opened a new training gym at Enterprise City, near Durham.

Michael Ellison, who runs Wolf Thai Boxing, has moved from the town centre to unit 34 at the business park, in Spennymoor, which is owned and managed by commercial property and investment company LCP.

Michael has trained a junior world champion and teaches learners from the age of four upwards in the combat sport. He signed a six-year lease for the 1,430 sq ft unit after 11 years at his previous town centre base when he was faced with a steep rise in rents and business rates.

“It was a big decision to move but it was something I had to do,” he said. “I had a look around plenty of places but liked this unit best. It is slightly bigger and has a much better layout; it’s also close to town and has plenty of parking spaces. I’m thrilled with it and know it will be a great place to train.”

It is the second health and fitness outlet to open at Enterprise City. In April, South Durham Fitness Limited opened in unit 3.

Tony Spence, LCP regional estate manager, said: “We’re keen to broaden our tenant mix at Enterprise City and are very pleased to welcome Wolf Thai Boxing. By moving to Enterprise City, he is not only getting excellent value for money, he also has a more modern unit that provides better space for his training.”

Enterprise City is a secure and popular business location offering 300,000 sq ft of industrial, warehouse and office accommodation for more than 30 tenants, including Durham Police and Just Sport (Group) Ltd. The estate benefits from 24hr CCTV estate security, free car parking and an on-site management team.  The site is adjacent DURHAMGATE, which is the largest mixed-use regeneration scheme in the North East.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

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LCP: gutter replacement specialist Thaxen Developments opens third unit at The Pensnett Estate, Kingswinford

West Midlands, UK, 2017-Jul-14 — /EPR Retail News/ — A rapidly growing gutter replacement specialist has taken on new premises in the Black Country to cope with demand, leading investment and property management company LCP has announced.

Thaxen Developments, which specialises in replacing concrete guttering with uPVC, has opened another unit at Block C, Bay 1, The Pensnett Estate, Kingswinford. It already operates from two units on LCP’s flagship business estate.

Lucy Hurst, managing director of the company, said: “The company is growing very quickly and in just two years we have gone from three members of staff to more than 30 and at the end of our second year, recorded a turnover of £3 million.

“We are specialists in a niche market, focusing on post-war housing that has concrete-made gutters, and have become market leaders in this sector and work across the country.

“We’ve moved from having just a small office on The Pensnett Estate to now having three units. We were keen to stay on the estate because it is centrally located and is convenient for our staff, so were very pleased when LCP found this additional unit for us because it means we can continue to expand.

“The additional space at The Pensnett Estate will allow us to develop our business further and we’re very excited to start working on this,” added Lucy.

Paula James, industrial lettings manager at LCP, said: “It’s great that a local company is growing and I’m pleased that we’ve been able to accommodate Thaxen Developments as it continues with its expansion plans.”

SOURCE:  LCP Management Ltd

 

LCP: ERF Electrical celebrating its 50th anniversary with the opening of new, larger trade premises at The Dunstall Hill Estate

London, 2017-Jul-10 — /EPR Retail News/ — A leading electrical wholesaler is celebrating its 50th anniversary with the opening of new, larger trade premises in Wolverhampton.

ERF Electrical Wholesalers Ltd is relocating from Willenhall Road to unit 2, The Dunstall Hill Estate, after agreeing a 10-year lease with leading commercial property investment company LCP, which owns and manages the estate.

The 4,933 sq ft unit is double the size of its previous premises and will enable the family-run business to increase its stock holding, supporting the growth of the Wolverhampton branch, which has been in the city since 1979.

Simon Jones, ERF Electrical project director, said the new premises forms part of the company’s expansion plans across the region. It has nine branches in the East and West Midlands and another in Andover, Hampshire. It hopes to open a further two branches this year and over the next five years aims to continue investing in opening new businesses.

The new Wolverhampton branch is the first to open this year. It currently employs five people and there may be new employment opportunities in the next few months.

“The location and the layout of the unit allows ERF to offer an unprecedented service to customers who want to visit the trade counter or who require a delivery service to their premises or direct to site,” said Simon.

“Currently this is the only unit ERF have with LCP, however due to the service we have received from them we would certainly work with them to find other units in the area to support our expansion programme.”

Paula James, LCP industrial lettings manager, said: “The Dunstall Hill Estate is a very popular business location being so close to the city centre and to the motorway network.”

The Dunstall Hill Estate is accessed off Gorsebrook Road, close to the entrance of Dunstall Hill Racecourse. The main A449 Wolverhampton to Stafford Road is approximately 250 yards from the site, providing access to Wolverhampton city centre, and to junction 2 of the M54 and the wider national motorway network. Existing tenants include Gunnebo UK Ltd, Wyko Group and Heinrich Georg (UK) Ltd.

Contact:

kyates@lcpproperties.co.uk

Source: LCP

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.

Contact:

kyates@lcpproperties.co.uk

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 converts Miller House into an office-to-residential property; its first PDR scheme completed in the north-west of England

LCP converts Miller House into an office-to-residential property; its first PDR scheme completed in the north-west of England

London, 2017-Jun-24 — /EPR Retail News/ — Leading property investment group LCP has completed its first office-to-residential conversion in the north-west of England.

LCP has created Miller House, a development of two one-bedroom apartments and four two-bedroom apartments on the first floor of a shopping parade in Church Road, Bebington.

The residential scheme is the first that LCP has completed in the north-west under permitted development rights. An offer has already been put in for one apartment while viewings are also underway for the other five.

Matt Pegg, LCP asset manager, said the contemporary-styled homes have a number of high-quality features, including entry phone/video link, high-specification bathroom and fully fitted kitchens plus oak-veneer and carpet flooring.

As part of the conversion plans, it also installed new windows and created foyer access for the private residential scheme.

“The offices were empty for a number of years and there was no interest in take-up,” she said. “Thanks to permitted development rights, we were in a position to convert the space into good quality homes without having to apply for planning permission.

“It was the ideal opportunity to put back into use space that has lain empty for a long time and now that the work is completed, we anticipate quick sales to private buyers.”

Joe Pollard, of Jones and Chapman, which is marketing the apartments, said: “The properties are a testament to the carefully considered planning that took place prior to putting these properties on the market. The apartments have fantastic specification and healthy, naturally light spaces, and are suitable for every demographic – homeowners and investors alike.”

Situated above four shops, including a Co-op Food store and Barnardo’s, the Miller House apartments are now on sale and are priced £115,000 to £125,000. They are being marketed by Jones and Chapman.  More information available at Rightmove.

SOURCE: LCP

For details, contact:

Joe Pollard
0151 644 8666
joe.pollard@jonesandchapman.co.uk.

 

 

 

 

 

 

 

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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ENGLAND: LCP announces Autism Together opens new premises at The Old Hall Estate, Bromborough

ENGLAND: LCP announces Autism Together opens new premises at The Old Hall Estate, Bromborough

 

London, 2017-Jun-17 — /EPR Retail News/ — An award-winning charity is opening new premises in Wirral so it can expand its woodworks and ceramics facilities, national commercial property company LCP has announced.

Autism Together, formerly Wirral Autistic Society, has moved to Unit 2, Hardknott Road, The Old Hall Estate, Bromborough, where it will also house its maintenance team and the estates and facilities back-office team, who were based at its headquarters in nearby Oak House, Tebay Road.

The charity has agreed a 10-year lease with LCP, which owns and manages the estate, for the 10,504 sq ft unit and it plans to move in this month.

Robin Bush, chief executive of Autism Together, said: “We’ve a long and proud history of enabling our service users to enjoy a range of activities – from swimming to sculpting – and because our ceramics and woodwork activities are very popular, we wanted to have larger premises to accommodate these. The new unit will enable us to continue offering these popular activities in bigger, more suitable premises.”

Paula James, LCP’s industrial lettings manager, said: “We’re very pleased to welcome Autism Together to unit 2. It’s ideally situated because just a few minutes’ walk from its headquarters in Oak House and provides ample space it requires to accommodate its team and the woodwork and ceramics facilities.”

Old Hall Industrial Estate borders Wirral International Business Park and is accessed via the A41 New Chester Road, which is close to junction 5 of the M53. Birkenhead Tunnel is five miles to the north via the A41, providing a direct link to Liverpool city centre.

Contact:

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

Source: LCP

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LCP: commercial tarpaulins and marquees manufacturer Net and Cover Services moves to The Pensnett Estate, Kingswinford

London, 2017-Jun-12 — /EPR Retail News/ — A manufacturer of commercial tarpaulins and marquees has moved to new premises in the Black Country, commercial property investment and management company LCP has announced.

Net and Cover Services is moving to Building 53C, Bay 7, The Pensnett Estate, Kingswinford, after agreeing a three-year lease with LCP, which owns and manages the site.

Gary Waterhouse, who launched the company 10 years ago, is moving from the Bridge Trading Estate, Stourbridge, to take the 746 sq ft unit and now hopes the larger, more modern premises with separate office will enable him to grow his business.

“I needed to move to a ground-floor unit because it’s hard work carrying up stairs rolls of tarpaulin that weigh more than nine stone,” he said. “The new unit is ideal because it is modern and light, has a separate office and is also about 50 sq ft bigger.

“I put a sign outside saying that I’ll be opening on April 17 and had two calls from potential customers within a couple of hours, which is great. I’m looking forward to relocating the business.”

Net and Cover Services manufactures a wide range of tarpaulin products, from banners and boat covers to market stall covers and lorry sheets and side curtains, and has customers across the UK.

Paula James, LCP industrial lettings manager, said: “The Pensnett Estate has a wide range of premises that accommodate the smallest businesses to large, multi-nationals, and we’re very pleased to have been able to find Net Covers and Services a suitable unit.”

Contact:

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

Source: LCP

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 announces the opening of Galeria Emka shopping centre in Koszalin, Poland

London, 2017-May-31 — /EPR Retail News/ — The long awaited opening of Galeria Emka shopping centre in Koszalin, which belongs to London & Cambridge Properties Ltd (LCP) – one of the biggest British companies on the property market in Europe, took place on May 20. The object’s renovation and commercialisation appeared to be a spectacular success of the investor, and as a result the great inauguration attracted almost 30 thousand citizens to the gallery.

An extensive artistic and entertainment programme awaited the clients on the opening day and was prepared in collaboration with local cultural institutions. However, the greatest attraction was Margaret’s concert which ended with fireworks show.

The centre was visited only on 20 May by almost 30 thousand Clients and the tenants achieved record sales. Some stores ranked first in terms of sales in Poland, and a dozen or so are in the very forefront.

Krystian Modrzejewski, Country Manager Poland in LCP, says: „We are very pleased to hear the positive feedback from the tenants after the opening. They are thrilled with great sales results at the opening weekend. We already know that this great turnout and high turnover have also remained during the next days after Emka’s inauguration and we hope that it will remain like this in the future.

The opening of the first floor of Galeria Emka raised a lot of emotions among the Koszalin citizens who came shopping on Saturday, as it was entirely closed for the Clients within last few months. The most popular were new stores of such brands as: Grey Wolf, Giacomo Conti, Carry, Top Secret, Martes Sport, Genetic, CCC and Deichmann, Pepco, also a two-level H&M and entirely renewed RTV Euro AGD. Most of the stores prepared special discounts for the Clients which reached even 70%, so the long queues were not a surprise.

Great amount of people was also interested in the new food court praising the tenants’ broad catering offer – Berlin Döner Kebap, Shanghai Kuchnia Chiska (Chinees cousine) and Bistro Express, and also original space arrangement. The absolute hits of the design appeared to be wicker beach chairs which were placed as normal armchairs, and also a characteristic neon with the slogan of the food court: “Food on the beach”.

Jacek Sikorski, the Director of Galeria Emka, admits that he is pleased with the result of the metamorphosis: “It is clearly visible that the renewed Emka is enjoyed by Koszalin citizens. We have worked very hard for the last 12 months so that the modernised Galeria Emka could meet the expectations of our Clients, but it was worth it. I hope that this would be their favourite place in Koszalin.”

Galeria Emka was opened in 2002 and is the longest operating shopping centre in Koszalin. The owner and manager of the gallery is London and Cambridge Sp. z o.o., which is the Polish branch of London & Cambridge Properties Ltd (LCP). It’s one of the biggest British companies on the property and private investor market in Europe which is specialized in commercial real estate. Currently, there are almost 70 premises within 22 thousand sqm of Galeria Emka’s surface area: 45 stores, 12 service points, restaurant, 4 catering premises, café and ice-cream shop, and also a playroom for children.

Contact:
Tel: 020 7233 5255

Source: LCP

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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

###

LCP welcomes Roddy Proudfoot as asset manager to lead its new office in Scotland

LCP welcomes Roddy Proudfoot as asset manager to lead its new office in Scotland

 

London, 2017-May-17 — /EPR Retail News/ — LCP has appointed an asset manager to head up its new office in Scotland.

Roddy Proudfoot will lead the team in Glasgow from where he will manage the firm’s burgeoning Scottish retail and industrial portfolio.

He joins LCP with almost 20 years’ commercial property experience, latterly for Patrizia UK, where he was head of asset management for Hillington Park, Scotland’s largest business park.

Roddy will manage LCP’s growing commercial property portfolio from its new office at 6 Harmony Row, which opens this month (May).

He said: “It represents a great opportunity to play a key role in the continued development of LCP’s portfolio and the direction of the new office. I am very excited by that challenge, the opportunity to get to grips with a new portfolio of properties and to shape the role. I’m looking forward to having the opportunity to be part of LCP’s growth in Scotland.”

Welcoming Roddy to LCP, Nick Burgess, managing director of LCP, said: “We are pleased to welcome Roddy to our team. Opening our first office in Scotland signifies our commitment to investing further in our portfolio across the country.”

LCP’s Scottish portfolio has risen to 25 holdings in the last couple of years and includes Knightwood and Govan Cross Shopping Centres in Glasgow, Airdrie Retail Park in Airdie, and Forbes Court on the Middlefield Industrial Estate in Falkirk.

LCP group committed £98 million to investing in its commercial property portfolio 2016 and is aiming to invest a further £200 million this year in both retail and industrial properties.

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

Contact:
Tel: 020 7233 5255

Source: LCP

###

POLAND: SiNSAY to open in newly renewed Galeria Emka in Koszalin

London, 2017-May-15 — /EPR Retail News/ — Two weeks before the official opening of the renewed Galeria Emka, the Centre gained another fashion tenant. SiNSAY will be the first store of this brand in Koszalin and will certainly attract great number of visitors to Emka.

Galeria Emka in Koszalin finalised the agreement with another tenant which is the Sinsay brand belonging to LPP S.A., the owner of such brands as Reserved, House, Mohito and Cropp. It was created in 2013 especially for young women between 15-24 years of age, and its motto perfectly reflects its character: “I’m good but not an angel”.  SiNSAY creates clothes for original and confident girls who are inspired with fashion trends and are not afraid of patterns and colours. The collection is full of modern jeans and interesting accessories, and its hallmarks are T-shirts with bold printings. It’s a perfect option for the rock style and street fashion lovers, but romantics will also find there something for themselves.

The SiNSAY brand has been rapidly developing for several years – it opened over 140 stores in Poland and successfully started the expansion into foreign markets. The store in Emka, which is opening on 20th May, will be another one in Pomerania, but the only one in Koszalin. It will be located on the first floor and will occupy the surface of 300 sqm.

Lately the group of Galeria Emka’s tenants was joined by two other domestic brands – Top Secret and Giacomo Conti.

Galeria Emka will be pompously opened on 20th May and the main attraction of the day will be Margaret’s concert.

Galeria Emka was opened in 2002 and is the longest operating shopping centre in Koszalin. The owner and manager of the gallery is London and Cambridge Sp. z o.o., which is the Polish branch of LCP.

Contact:

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

Source: LCP

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 to open new office in Glasgow; its first office in Scotland

London, 2017-Apr-26 — /EPR Retail News/ — Commercial property investment company LCP is to open its first office in Scotland after expanding its portfolio north of the border, it has announced.

The company, which is one of the UK’s largest private owners of retail, industrial and office property, is setting up a new office at 6 Harmony Row, Glasgow, from where it will manage its Scottish retail and industrial estates.

Julian Diamond, LCP asset manager, said it was a natural step to open an office in Scotland as the company had significantly increased its presence there over the past two years.

Prior to this, LCP’s London team had managed its Scottish portfolio.

“This is an exciting venture for LCP,” he said. “As our Scottish portfolio has increased significantly over the past few years to 25 holdings, with a further four investments currently under offer, we’ve decided to grow our team and it makes perfect sense to open an office from where we can continue our hands-on approach and pro-actively manage the portfolio.

“Our teams across the UK are actively looking for new sites where we can add value with excellent potential to improve yields, enabling us to achieve our investment goals. We continue to seek further commercial property investment opportunities across Scotland and look forward to growing the team accordingly.”

LCP group committed £98 million to investing in its commercial property portfolio 2016 and is aiming to invest a further £200 million this year in both retail and industrial properties.

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

Sites within the Scottish portfolio include Knightwood and Govan Cross Shopping Centres in Glasgow, Airdrie Retail Park in Airdie, and Forbes Court on the Middlefield Industrial Estate in Falkirk.

Contact:

Tel: 01384 400123
Fax: 01384 400862

Source: LCP

Parks Motor Company signs five-year lease with LCP for new dealership in Bromborough

London, 2017-Apr-24 — /EPR Retail News/ — An established car salesman in Wirral is going it alone and is opening a new dealership in the town.

Parks Motor Company has been launched by John Parks in Wrynose Road, Old Hall Industrial Estate, Bromborough, after he agreed a five-year lease with commercial property investment company LCP, which owns and manages the estate.

He decided to open his own business venture after 17 years in the trade, which included being a partner in BVH Car Sales in Wirral, and after viewing a number of potential units, settled on the 4,800 sq ft facility in Bromborough.

“I wanted a clean, well-presented industrial unit for my showroom so that we can offer customers an enjoyable viewing experience where they could view our vehicles in comfort regardless of the weather conditions,” said Mr Parks. “I’m looking forward to growing the company and ensuring it becomes the first point of call for anyone wanting a good quality car.”

The company will sell a range of vehicles from 12 months to 10 years old with most vehicles ranging from £2,500 to £30,000, and it will also offer the option of vehicle sourcing. The team has more than 30 years’ experience in the motor finance industry and can often get customers accepted for finance where they would previously have been declined through other car dealers.

Paula James, industrial lettings manager, of LCP, said: “The Old Hall Industrial Estate is a well-located and popular business location and we are pleased that Parks Motor Company has chosen it for its new business venture.”

Old Hall Industrial Estate borders Wirral International Business Park and is accessed via the A41 New Chester Road, which is close to junction 5 of the M53. Birkenhead Tunnel is five miles to the north via the A41, providing a direct link to Liverpool city centre.

Contact:

Tel: 01384 400123
Fax: 01384 400862

Source: LCP