LCP ACQUIRES MIXED-USE SCHEME IN NORTHAMPTON

Commercial property and investment company LCP kickstarts 2020 with announcing the management acquisition of a mixed used scheme in Northampton.

Sheet Anchor Investments 2 Limited (SAI2 Ltd) has acquired 334-346 Wellingborough Road and 166-168 Lutterworth Road, a 12,500 sq ft mixed-use portfolio comprising five retail units, occupied by local retailers, and nine flats.

SAI2 Ltd acquired it for £1.4 million and it will be managed by the in-house team at LCP

Tim Bromley Martin, LCP asset manager, said: “This is a superb acquisition and because of our commitment to intensive asset management, we’ll be looking at what improvements we can introduce at the scheme to add value long term.”