LCP ACQUIRES NEW INDUSTRIAL UNITS IN SCOTLAND27/09/2021
LCP, the national commercial property and investment company, has acquired a 15,000 sq ft industrial development at Southfield Industrial Estate, in Fife, complementing its existing holdings at the same site.
The modern units at Fife Food & Business Centre have been added to the Glenrothes portfolio, where it already owns and manages about 180,000 sq ft of industrial units.
The asset was acquired on behalf of L & C Investments, part of the LCP Group of managed companies, and comprises two terraces of six units, each of which offers between 2,000 sq ft and 3,000 sq ft of column-free space with 6m eaves heights and generous external yard space.
Five of the units are occupied and the final one is already under offer.
The acquisition also includes two parcels of development land which, when complete, could add about 25,000 sq ft of new units.
Roddy Proudfoot, associate director at LCP, said: “This modern, well presented asset is a great acquisition and I look forward to completing the letting of the final vacant unit.
“We are experiencing strong levels of demand across our portfolio and Fife Food & Business Centre broadens the range of options that we can provide at Southfield, as well as offering significant future opportunity via the serviced development land that we have also acquired.”
Occupiers at the newly acquired asset include: Immortal Fabrications Limited, Plenty O Waste, Stahly Quality Foods Limited, Rotawave Scotland Limited and Flying Colours (Enterprises) Limited.
For enquiries about availability, contact Roddy Proudfoot: 07971 480827 / email@example.com or Howard Brooke at Andrew Reilly Associates: 0131 229 9885 / firstname.lastname@example.org