Black Country property giant LCP buys 100,000 sq ft of sites
A Black Country property company has bought up around 100,000 sq ft of industrial and shop space in a multi-million pound string of deals.
London & Cambridge Properties (LCP), run from offices at the huge Pensnett Estate it owns in Kingswinford, has bought factory sites in Sheffield and Hull and three parades of shops, two in Derbyshire and one in Brough, near Hull.
The total price tag on the acquisitions is not being revealed.
James Buchanan, investment director at LCP, said: “We pride ourselves on our proactive management across both our retail and industrial sites, maximising opportunities as well as developing a close relationship with our tenants.”
LCP is a commercial property investment and management company with a 16 million sq ft portfolio including a string of sites across the West Midlands as well as the 185-acre Pensnett Estate.
As well as industrial estates in Wednesbury, Oldbury, West Bromwich and Burntwood, it owns the Wulfrun shopping centre in Wolverhampton town centre, the Churchill Centre in Dudley, Brierley Hill’s Moor Centre, Park Place in Walsall and Aldridge Shopping Centre.
The newly acquires sites include four shop at the Alton Manor Centre, Belper, Derbyshire, eight shops in Chellaston High Street in Derbyshire and six shops at Brough Park, Brough, near Hull.
The deal also includes the Ispace industrial portfolio, made up of nine industrial units totalling 85,115 sq ft across three sites in Sheffield and Hull.
