LCP appointed to manage Scottish retail facility

Black Country property investor and management company, LCP, has been appointed to manage two parades of retail units in Scotland.

The company has taken on the asset management of 66-90 Graham Street and 4-16 Gartlea Road in Airdrie after property firm Sheet Anchor Investments acquired the 13 units for an undisclosed sum from Graham Street Airdrie Retail Portfolio.

The properties total 41,736 sq ft and tenants include Home Bargains, EE, Greggs, Card Factory and Pizza Hut.

James Buchanan, LCP investment director, said: “These well-located and popular retail areas are a welcome addition to our portfolio. We are committed to actively managing all our properties to the highest standards, and identifying areas for improvement and reinvestment.”

Reith Lambert acted on behalf of Sheet Anchor Investments, while Cushman & Wakefield acted for the vendor.