LCP continues to bolster Scotland portfolio01/08/2017
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.