LCP signs up final tenant for retail centre26/11/2018
A neighbourhood shopping centre in a Birmingham suburb is fully let for the first time in three years, with three stores signing up in the past 12 months alone.
Sandwich chain Subway is the last retailer to move to All Saints Shopping Centre, Shard End, which is a busy, modern shopping parade owned and managed by national commercial property and investment company LCP, about seven miles east of the city centre.
It has signed a 10-year lease for unit 12, a 767 sq ft shop on Ownall Street, opposite anchor tenant Midlands Co-operative Supermarket, and follows Vapour Wave, which took unit 6, opposite the library in March.
Since LCP took over ownership of the centre in November 2015, it has invested a substantial sum on a series of improvements, including external repairs and a new car parking scheme.
Coupled with an intensive asset management scheme and pro-active marketing programme, asset manager Rakesh Joshi has helped to attract three high street names to the centre.
He said: “All Saints Shopping Centre is a thriving suburban centre and I’m very pleased to have signed a national tenant to the final unit. It’s good news for the local community, which relies on having a mixed retail offering on its doorstep.”
LCP also has fully let nearby schemes being Castle Bromwich Shopping Centre and The Lanes Shopping Centre in Wylde Green