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.”

Contact:

Tel: 020 7233 5255
Fax: 020 7233 5266

Source: LCP

London & Cambridge Properties given outline planning permission for a residential development on the former Ibstock Brick site in Kingswinford

London, 2017-Jan-18 — /EPR Retail News/ — About 200 homes could be built on the former Ibstock Brick site in Kingswinford after leading property company London & Cambridge Properties (LCP) was given outline planning permission for a residential development.

Residential developers are being consulted about transforming the land off Tansey Green Road, bordering the Pensnett Estate which is owned and managed by LCP

The property company and Ibstock Brick Ltd applied jointly to planners at Dudley Council for permission to pursue the homes scheme on the 19-acre site.

Nicholas J Burgess, managing director of LCP, said: “We are a company that is committed to investing in our property portfolio.

“Bringing forward this surplus industrial land for residential development is another important step in benefitting the community in which we are based, as the area needs good quality, sustainable homes.  We will now look to promote the site to residential developers to ensure the best solution for the borough.”

Media Enquiries:

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

Source: London and Cambridge Properties

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

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

London & Cambridge Properties gives Sutton Farm Retail Parade a £150,000 update

London & Cambridge Properties gives Sutton Farm Retail Parade a £150,000 update
London & Cambridge Properties gives Sutton Farm Retail Parade a £150,000 update

 

West Midlands, England, 2016-Nov-03 — /EPR Retail News/ — A £150,000 improvement programme at a small retail parade in Shrewsbury, Shropshire, has been completed.

Sutton Farm Retail Parade, in Tilstock Crescent, has benefitted from increased car parking to the front of the parade, new signage and upgraded landscaping. The parade which is managed by West Midlands-based London & Cambridge Properties (LCP), comprises 12 retail units with residential flats above.

Matt Pegg, asset manager for LCP, said: “We pride ourselves on our proactive property management approach.

“For a parade of this size, it is a significant investment and now that the work is completed, it is easy to see what a positive impact the changes have made. Not only does the parade look more inviting for shoppers, there is greater main road prominence benefiting retailers, too.”

There are just two units left, each about 750 sq ft, and LCP is keen to talk to potential occupiers, especially coffee shop operators due to demand from local residents.

Tenants at the 13,816 sq ft retail parade include The Co-operative, Barnardo’s and Shrewsbury Fish Bar.

Media Enquiries:

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

Source: London and Cambridge Properties

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London & Cambridge Properties appoints Andrew Barrett as new retail director

London & Cambridge Properties appoints Andrew Barrett as new retail director
London & Cambridge Properties appoints Andrew Barrett as new retail director

 

London, 2016-Sep-20 — /EPR Retail News/ — London & Cambridge Properties (LCP), the leading investment and property management company, has announced the appointment of a new retail director.

Andrew Barrett joined LCP in 2005 as an asset manager, based at its head office in the West Midlands, with responsibility for a portfolio of retail and industrial premises in areas including Wolverhampton, Spennymoor and St Helens.

Now, as a member of the company’s senior management team, Andrew will play a central role in ensuring sustainability and income generation for the retail properties within LCP’s property portfolio.  He will also manage and develop relationships with retailers.

He said: “LCP is a great company to work for and continuously demonstrates a dynamic and pro-active approach to property management. Its investment programme in the retail property market continues to grow and is something I am keen to play a significant role in, so I had no hesitation in accepting the role and am looking forward to the new challenges ahead.”

Nick Burgess, managing director of LCP, said: “Andrew’s considerable experience and extensive knowledge of the retail property market means he will be a welcome addition to the senior management team, whilst we continue to grow our retail portfolio.”

Media Enquiries:

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

Source: London and Cambridge Properties

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London & Cambridge Properties appoints amateur racing driver Neil Harrison as legal counsel

London & Cambridge Properties appoints amateur racing driver Neil Harrison as legal counsel
London & Cambridge Properties appoints amateur racing driver Neil Harrison as legal counsel

 

London, 2016-Sep-06 — /EPR Retail News/ — Recruitment at leading commercial property company London & Cambridge Properties (LCP) has gone into overdrive with the appointment of a second amateur racing driver as legal counsel.

Neil Harrison, from Worcester, joins fellow amateur racing driver Richard Honick in LCP’s legal department, and will be based at the company’s head office on the Pensnett Estate, Kingswinford.

He will work closely with the main legal team at the company’s Millbank Tower offices in London, and will support LCP’s asset managers, providing legal and strategic advice on their property schemes, and liaise with external lawyers.

Neil moves to LCP from the Oxford office of Knight’s Professional Services Limited, where he worked in the real estate asset management team. He has 10 years’ experience as a solicitor, having worked as legal counsel for Birmingham-based Farmfoods Limited and as trainee solicitor and associate solicitor at MFG Solicitors in Worcester.

In his spare time, Neil races old Formula three cars and is hoping take part in historic racing next season when a family member completes the rebuilding of an historic Formula One car.

Neil said he was keen to join LCP because it offered a rare opportunity to combine in-house legal work while dealing with a diverse property portfolio.

“It offers the best of both worlds, so I’m delighted to join the company and use my in-house and professional services experience to support the asset managers,” he said. “With LCP undergoing an ambitious expansion and acquisition programme, it is an exciting time to join the company.”

Nick Burgess, managing director of LCP, said: “We expanded our in-house legal services department into our West Midlands office last year, and we’re very pleased to welcome Neil and believe his legal and real estate expertise will be an asset for the company.”

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

Source: London and Cambridge Properties

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The Arcadian hosts late summer festival weekends throughout September

Birmingham, United Kingdom, 2016-Sep-05 — /EPR Retail News/ — The Arcadian is hosting late summer festival weekends throughout September, with a host of DJ’s playing at the leading Birmingham leisure venue.

The festival will see DJs, including Jamie George, Pete Graham, and Marc Spence – who regularly play in the city, take to the decks in the central piazza each Saturday from 3 pm until September 24.

As part of the festival, participating centre’s clubs, bars and restaurants will have special offers for revellers, including two-for-one cocktails.

Lina Higuita, centre manager at The Arcadian, which is owned and managed by London & Cambridge Properties (LCP), said: “We’re hanging on to the summer vibe throughout September with our festival. Many of the centre’s leisure venues are taking part with tempting offers and events every Saturday.

“The Arcadian is always a vibrant venue in the city centre and we’re looking forward to welcoming everyone throughout September.”

Contact:

Tel: 020 7233 5255
Fax: 020 7233 5266

Source: London & Cambridge Properties

Steve Pell appointed new asset manager to boost London & Cambridge Properties’ retail team

Steve Pell appointed new asset manager to boost London & Cambridge Properties' retail team a
Steve Pell appointed new asset manager to boost London & Cambridge Properties’ retail team a

 

London, 2016-Aug-28 — /EPR Retail News/ — London & Cambridge Properties (LCP), the leading West Midlands-based investment and property management company, has appointed a new asset manager to boost its retail team.

Steve Pell returns to the Midlands after a year working in London as associate director at Colliers International’s West London office. He has 17 years’ experience in the commercial property sector, having worked for a number of agencies, including Harris Lamb.

Steve will be working predominantly with LCP’s retail asset management team, covering the Midlands and the North West of England.

“I’m looking forward to working for a well-respected, ambitious company that has exciting expansion plans. I hope my agency experience will add value to an already highly skilled team of asset managers,” he said.

The 43-year-old is married with two children and recently obtained a black belt in Tae-Kwon-Do.

Welcoming Steve to LCP’s head office, on the Pensnett Estate, Kingswinford, Jo Salmon, retail portfolio manager, said: “As we continue our ambitious investment and acquisition programme across our industrial and retail portfolios, we were looking for someone with solid knowledge who could hit the ground running.

Steve has an impressive record and we are confident that his experience will be a real benefit to the team.”

Media Enquiries:

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

Source: London and Cambridge Properties

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London & Cambridge Properties announce Yours Clothing store opening at Wulfrun Shopping Centre in Wolverhampton

London, 2016-Aug-24 — /EPR Retail News/ — Wulfrun Shopping Centre in Wolverhampton has welcomed its newest store with the opening of Plus Size fashion brand Yours Clothing.

The centre, which is owned and managed by London & Cambridge Properties (LCP), has seen Amplifon and Burger King open its doors to Wolverhampton customers, with more retailers due to open later in the year.

Yours Clothing has taken on units 54 and 55, a 1,111 sq ft shop, after agreeing a five-year lease with LCP.

Resh Dorka, managing director at Yours Clothing, said it was keen to open in the city because it already has a strong online customer base, all of whom wanted the brand to open a store. Wolverhampton is its 91st store in the UK and it has plans to expand by at least 10 more stores by the end of the year.

“We have received an overwhelming number of requests from our customers to open,” he said. “To be able to bring the Yours Clothing brand to a new market in Wolverhampton, by offering the latest fashions for exceptional prices, has been our promise to our customers. We want our customers to have a unique and enjoyable shopping experience.”

Andrew Barrett, asset manager for Black Country-based LCP, said: “We’ve had a flurry of interest by retailers over the past few months at the Wulfrun Shopping Centre, which is not only great news for shoppers who need a wide retail offering but also for jobs in the city. The opening of Yours Clothing is a welcome addition to our existing fashion stores Primark and Peacocks.”

Yours Clothing offers a range of clothing in sizes 16-36, designed to fit and flatter, including the latest fashions in evening and daywear, all at highly competitive prices. Yours Clothing is committed to offering a range of plus size clothing to customers that is both stylish and great value.

Media Enquiries:

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

Source: London and Cambridge Properties

London & Cambridge Properties to manage Govan Cross Shopping Centre in Glasgow

London, 2016-Aug-16 — /EPR Retail News/ — London & Cambridge Properties (LCP) has added a popular neighbourhood shopping centre in Glasgow to its retail portfolio after it was appointed to manage the development.

LCP has taken on 21 fully occupied retail units at the 65,295 sq.ft Govan Cross Shopping Centre, which was purchased for in excess of £5 million by a company LCP works closely with.

James Buchanan, investment director at LCP, said: “We are committed to growing our property portfolio and the Govan Cross acquisition provides us with yet another excellent opportunity for our proactive asset management team to use their expertise to add further value.”

LCP, a leading West Midlands-based property investment and development company, is continually seeking high yielding investment property acquisitions in the UK. The market is constantly monitored and acquisitions are undertaken where there are real opportunities to enhance returns using LCP’s intensive management approach.

LCP’s largest retail acquisition of the year was the Blossom portfolio at £23.34 million, which comprises 14 retail sites totaling approximately 216,000 sq ft.

Govan Cross Shopping Centre is a popular neighborhood shopping centre located 3 miles West of Glasgow City Centre. It is located at the heart of Govan and is adjacent to Govan Bus Station.  Tenants include Home Bargains, Greggs, Peacocks, Iceland and Subway.

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

Source:  London & Cambridge Properties (LCP)

London & Cambridge Properties granted permission to extend its headquarters on The Pensnett Estate in Kingswinford

London, 2016-Aug-10 — /EPR Retail News/ — The first stage of a major new speculative development in the Black Country is poised to begin later this year after London & Cambridge Properties (LCP) was granted planning permission.

Dudley MBC planners have given the leading West Midlands-based property and development company the go ahead for the first phase of a 260,000 sq ft extension at its flagship business estate in Kingswinford.

Andrew Preston, industrial portfolio manager at LCP, said work on developing four industrial and warehouse units totalling 130,000 sq ft on land to the rear of its headquarters on The Pensnett Estate is now likely to begin in Q4 of 2016. Completion is anticipated in late 2017.

“We’re very pleased to have been given the go ahead for our new industrial development,” he said. “Void levels are low on the estate and enquiries from companies looking to move here is high, which demonstrates a clear demand.

“It’s a major investment for LCP that will reap huge benefits for the local economy and will also bring hundreds of jobs to the area when both phases are completed and up and running.”

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 170 businesses in over 2.4 million sq.ft of commercial property. Two years ago, LCP invested £1.5 million on 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, having received Site Investigation Funding. Both parties are working together to obtain next stage gap funding to bring the site to market.

Media Enquiries:

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

Source:  London & Cambridge Properties

London & Cambridge Properties owned The Arcadian to support the Birmingham Comedy Festival

LONDON, 2016-Jul-22 — /EPR Retail News/ — The Arcadian owned by LCP is lending its support to the Birmingham Comedy Festival for the fifth consecutive year.

One of the city’s most popular annual arts events, the festival runs from Friday October 7 to Sunday October 16, 2016, and will see a host of established and fast-rising names taking to stages across the city.

The Arcadian, which is owned and managed by leading commercial property company London & Cambridge Properties (LCP), is home to the multi-award-winning Glee Club – renowned as one of the country’s top comedy venues.

A spokesperson for the Birmingham Comedy Festival said: “We’re delighted that The Arcadian is again supporting the Birmingham Comedy Festival. As home to The Glee, it’s at the core of the festival, while its varied range of restaurants, cafes and bars make it an ideal destination for a night out.

“The Glee is also the host of our official launch event, the Birmingham Comedy Festival Breaking Talent Award.”

It is the fifth consecutive year that The Arcadian has signed up as official sponsor for the ten-day event.

Lina Higuita, centre manager at Arcadian centre manager, said: “We are only too pleased to lend our support once again to this excellent event that takes place on our doorstep. It always attracts a great crowd of visitors from across the country.”

This year’s festival line-up will be officially announced over the summer. For more information, visit www.bhamcomfest.co.uk

The Arcadian, which is owned and managed by West Midlands-based LCP, is a unique entertainment venue in Birmingham city centre, located in the heart of vibrant South side, Chinatown and the Theatre District.

For more information about The Arcadian visit ww.thearcadian.co.uk

Media Enquiries:

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

Source: London & Cambridge Properties

JJX Logistics signs five-year lease with London & Cambridge Properties

LONDON, 2016-1-5 — /EPR Retail News/ — A West Midlands logistics and warehouse company is on the first step of a major expansion plan after more than doubling its space.

JJX Logistics is adding the finishing touches to Building 40, The Pensnett Estate, Kingswinford, after agreeing a five-year lease with London & Cambridge Properties (LCP), which owns and manages the site.

The commercial pallet storage,international courier service and general haulage company is preparing to move in to its new 21,460 sq ft unit before Christmas.

Mick Cox, operations manager, said the new site complements its existing

10,000 sq ft base in Wolverhampton and it has already appointed three new members of staff.

It marks the beginning of what is likely to be a rapid period of expansion for JJX Logistics, with plans for a larger vehicle fleet and new drivers to be rolled out during 2016.

“We are growing at a rapid rate of knots and I believe we could even outgrow our new facilities within three years,” said Mick.

“We looked at around 15  properties before we settled on Building 40 because of its great location, its level of security, and the fact that it had already undergone refurbishment so it was ready to move in.”

Andrew Preston, industrial portfolio manager at LCP, said: “The Pensnett Estate is continuing to attract businesses that like the attention to detail that we offer; it is one of the reasons why it is proving to be a very popular option for established firms that want to expand their enterprises, as well as for start-ups who are on the first rung of the ladder.

“We are pleased to welcome JJX Logistics to the estate after its long search for the right premises. We are committed to providing a first-class service for our tenants, which is something that businesses want when they take on a lease because they want to focus on their own customers and not worry about anything else.”

London & Cambridge Properties Limited

LCP House
The Pensnett Estate
Kingswinford
DY6 7NA
Tel: 01384 400123
Fax: 01384 400862
20th Floor
Millbank Tower
Millbank
London SW1P 4QP
Tel: 020 7233 5255
Fax: 020 7233 5266
Email: propertyenquiry@lcpproperties.co.uk

SOURCE: London & Cambridge Properties Limited

Convenience retail: London & Cambridge Properties to acquire nationwide portfolio of neighbourhood shopping parades

LONDON, 2015-12-11 — /EPR Retail News/ — London & Cambridge Properties (LCP) has strengthened its hold in the UK local convenience retail sector by acquiring a £36.65 million nationwide portfolio of neighbourhood shopping parades, it was announced today.

The addition of the Navigation portfolio to the Local Convenience Parades division of LCP – one of the UK’s leading property investment and management companies – brings its investment in small, neighbourhood centres to more than £110 million this year alone.

LCP has targeted investing £100 million a year in local parades over the next five years.

The new portfolio, acquired by Allsop LLP from commercial property consultants Mason and Partners, comprises 19 sites that stretch from as far north as Kilsyth, North Lanarkshire, down to Worthing, West Sussex. Five are located in prime town centre positions.

In total the portfolio includes mainly freehold sites with 171 retail units, totaling approximately 259,000 sq.ft, with an average unexpired lease term of 8.5 years.

Tenants include a mixture of well-known national multiples including Tesco Express and Sainsbury’s local as well as a range of independent retailers and service providers.

James Buchanan, investment director of LCP, said the acquisition was a significant boost to its retail portfolio.

“The local and convenience shopping sector has become an increasing focus for us.  This portfolio offers LCP numerous asset management opportunities, including redevelopment.  Most of the centres are fully let and are thriving, however, as a pro-active property investment company we will now be looking at how we can further improve the sites.”

“We are actively seeking more sites and welcome all introductions.”

Media Enquiries

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