LCP ACQUIRES PART OF CUMBERNAULD BUSINESS PARK23/07/2019
National commercial property and investment company LCP has acquired a terrace of seven industrial units at a thriving business park in Scotland, as it continues to grow its portfolio.
LCP acquired the units, which total 40,979 sq ft, at Cumbernauld Business Park on behalf of L & C Investments, one of the LCP group of companies, for an undisclosed sum.
The units, which range in size from 6,474 sq ft to 20,863 sq ft, are let to four businesses: R3 Polygon UK Limited, Red-d-Arc Limited, Fresco Dog Foods and Edmundson Electrical Limited. All of the units are refurbished and benefit from overclad roofs and external cladding, generous eaves height, plus dedicated car parking and yard areas.
Roddy Proudfoot, LCP asset manager, said: “This acquisition complements our existing industrial portfolio and demonstrates our continued appetite to invest in both industrial and retail property in Scotland. As occupiers quickly discover, we provide hands-on management to improve assets and progress future lease re-gear and re-letting opportunities as they arise.”
Cumbernauld Business Park is strategically located just two minutes from junction 6 of the M80, providing excellent access to Glasgow and central belt locations such as Falkirk, Grangemouth and Stirling.