LCP commits to continuing portfolio growth03/02/2017
The LCP group of companies has unveiled plans for continued growth in 2017, following a £98 million investment in its commercial property portfolio last year.
LCP, one of the UK’s leading property investment and management companies, is looking to invest a further £200 million in 2017 in both retail and industrial properties.
Last year, the company invested in 41 sites, totalling 875,000 sq ft, across the UK, the largest of which was the £23.34 million Blossom portfolio, comprising 216,000 sq ft across 14 sites.
James Buchanan, investment director, said: “The past two years have seen LCP undertake significant investment, with a heavy focus on neighbourhood shopping parades, which are vital community assets.
“We are actively identifying opportunities that have potential for improvement and that offer the best value in terms of investment and yields. Once we acquire sites, we are committed to improving them and redeveloping them if necessary for the benefit of local communities. We will continue to acquire more sites in 2017 and are looking forward to delivering the same high level of asset management to our tenants.”
LCP has more than 410 sites, with more than 3,500 tenants and over 15 million sq ft of property.