LCP ACQUIRES POPULAR LOCAL SHOPPING PARADE IN SHEFFIELD

National commercial property and investment company LCP has acquired a local convenience parade after signing a deal for a retail site in a Sheffield suburb.

LCP purchased the parade in 129-145 High Street, Ecclesfield, anchored by Co-operative Food Group, on behalf of Sheet Anchor Investments Ltd (SAIL), one of the LCP group of managed companies, for £1.5 million.

Andrew Barrett, LCP’s retail director, said the parade, which comprises nine shops, three residential units and five garages on a 1.12-acre site with car parking, is yet another good quality asset to add to its local convenience parade portfolio.