LCP adds Thatcham shopping centre to asset management portfolio15/03/2018
LCP has been appointed to manage the Kingsland shopping centre in Thatcham, Berkshire.
The centre, which has Waitrose as its anchor tenant, is the principal retail destination in the town and comprises 54,762 sq ft of retail space with 15 shops. It was acquired by Evolve Estates, a privately owned commercial property and investment company, with a portfolio of assets managed by LCP Management.
Patrick Durcan, LCP asset manager, said: “With the final vacant retail unit let within the first week of purchase, our focus is now on enhancing the centre and developing the offices within the site.
“Kingsland Shopping Centre has a wide range of national and independent retailers and is a popular destination for local shoppers.
“We’ll be using our intensive asset management expertise to support Evolve Estates in ensuring that the centre delivers what customers want.”
Kingsland Shopping Centre is anchored by a 29,433 sq ft Waitrose food store and other tenants include Lloyds Bank, Costa, and Lloyds Pharmacy. Thatcham is three miles east of Newbury and 14 miles west of Reading.