LCP makes further Nottingham investment

LCP, the property and investment company, has bought a fourth unit at a Nottingham industrial estate, a year after purchasing the adjoining three blocks.

The acquisition of block D, at Queens Drive Industrial Estate, Crossgate Drive, means LCP now owns A, B, C and D, totalling more than 150,000 sq ft of industrial units.

The company, which owns and manages 10.6m sq ft of industrial units across the country, is investing around £200,000 by refurbishing void units C7 and C8 as it markets them to attract new tenants.

Paula James, LCP’s industrial lettings manager, said the latest acquisition follows the company’s commitment to boost its industrial and retail portfolio as part of a programme of strategic growth over the next few years.

“We have been actively seeking suitable premises that we can acquire and add value to and this particular industrial acquisition is a good example of that. It’s a new area for us, too, not having invested in industrial premises in Nottingham before,” she said.

“The four units are undergoing a substantial refurbishment now and they are already being marketed. We are anticipating considerable interest in them.”