LCP adds The Killingworth Centre to its retail portfolio20/05/2019
National commercial property and investment company LCP has added a retail centre in Newcastle-upon-Tyne to its portfolio.
It has been appointed to manage The Killingworth Centre, in Killingworth, a thriving town on the outskirts of Newcastle-upon-Tyne, by Sheet Anchor Evolve (London) Ltd, which acquired the portfolio as part of its ambitious plans to invest in the retail sector.
Anchored by an 80,000 sq ft Morrison’s supermarket, The Killingworth Centre comprises 30 retail units, including Poundland, Betfred, Deichmann, Wilkos and Card Factory. It also has a 1,200-space car park, which is free to use for visitors.
Sheet Anchor Evolve (London) Ltd is part of the LCP group of managed companies and this latest acquisition marks its fourth retail centre of the year so far, having already secured Crown Walk, a 25-unit retail centre in Bicester, Oxfordshire, and a four-unit development in Wishaw, Scotland.