125,000 sq ft retail park changes hands
A 125,000 sq ft retail park has been bought by investment company LCP.
The firm has taken over the Alexandra Retail Park in the North-East Lincolnshire town of Grimsby. LCP bought the scheme for an undisclosed fee from an unnamed vendor.
The retail park comprises eight units, with tenants Matalan, SCS, The Food Warehouse, My Energi, Argos, Pets at Home and Poundstretcher. There are also around 560 parking spaces for shoppers.
Barry Flint, LCP director and asset manager at Alexandra Retail Park, added: “Alexandra Retail Park is well positioned in the town and has a strong tenant line-up. We’ll be exploring options over the next few weeks to see how we can add to it further.”
The solicitor acting on behalf of LCP was Catherine Gunz of Osborne Clarke and ESH acted as the agent for LCP. Savills acted as an agent for the vendor, and its solicitor was Gowling WLG (UK).
