LCP APPOINTS ASSET MANAGER FOR SCOTLAND

LCP has appointed an asset manager to head up its new office in Scotland.

Roddy Proudfoot will lead the team in Glasgow from where he will manage the firm’s burgeoning Scottish retail and industrial portfolio.

He joins LCP with almost 20 years’ commercial property experience, latterly for Patrizia UK, where he was head of asset management for Hillington Park, Scotland’s largest business park.

Roddy will manage LCP’s growing commercial property portfolio from its new office at 6 Harmony Row, which opens this month (May).

He said: “It represents a great opportunity to play a key role in the continued development of LCP’s portfolio and the direction of the new office. I am very excited by that challenge, the opportunity to get to grips with a new portfolio of properties and to shape the role. I’m looking forward to having the opportunity to be part of LCP's growth in Scotland.”

Welcoming Roddy to LCP, Nick Burgess, managing director of LCP, said: “We are pleased to welcome Roddy to our team. Opening our first office in Scotland signifies our commitment to investing further in our portfolio across the country.”

LCP’s Scottish portfolio has risen to 25 holdings in the last couple of years and includes Knightwood and Govan Cross Shopping Centres in Glasgow, Airdrie Retail Park in Airdie, and Forbes Court on the Middlefield Industrial Estate in Falkirk.

LCP group committed £98 million to investing in its commercial property portfolio 2016 and is aiming to invest a further £200 million this year in both retail and industrial properties.

Last year, the company invested in 41 sites across the UK, totalling 875,000 sq ft, the largest of which was the £23.34 million Blossom portfolio, comprising 216,000 sq ft spread across 14 sites.