LCP records active first half of 201725/07/2017
Leading national property, investment and management company LCP has marked a busy first half of the year with £42 million worth of acquisitions, it has revealed.
James Buchanan, investment director, said the increase in its property portfolio across the UK demonstrated LCP’s commitment to investing in both industrial and retail sites.
“So far this year we have added another 400,000 sq ft of industrial and retail space to our portfolio and we continue to seek commercial property that we can add value to through our active asset management approach,” he said.
“Last year, we invested £98 million across 41 sites in the UK and we believe we are well on our way to achieving another solid year of acquisitions.”
The first half of 2017 saw the group acquire 18 sites, including Churnet Park, in Leek, Staffordshire, which comprises three blocks of commercial space, with a total of 11 units across 60,742 sq ft; two retail parades in Airdire, Scotland; and the £5.7 million iSpace portfolio, which comprises 85,115 sq ft space in nine industrial units across three sites in Sheffield and Hull.
It has also opened for the first time a dedicated office in Glasgow to manage its growing portfolio in Scotland.