Property Briefs: LCP acquisitions; Birmingham pub expansion; Maker Wharf boost to digital industries
Black Country property group, LCP, has added more than 100,000 sq ft of commercial space to its portfolio with a series of acquisitions.
The recent additions include three retail parades and a portfolio of industrial units.
The sites include Alton Manor Centre in Belper, Derbyshire, which comprises four local and convenience units, including Tesco Express, totalling 7,560 sq ft.
Also in the East Midlands, it has acquired eight local and convenience units totalling 6,936 sq ft in High Street, Chellaston, Derbyshire. These include Lifestyle Express and Hannells.
The third deal has seen it acquire six retail units totalling 9,501 sq ft in Brough Park, Brough, Hull. Tenants include Lloyds Pharmacy and Johnson Cleaners.
The Ispace Industrial Portfolio consists of 85,115 sq ft space in nine industrial units across three sites in Sheffield and Hull. Tenants include Edmundson Electrical and Rexel Senate.
The details of the various deals have not been disclosed.
A Birmingham pub is to be extended so it can accommodate more guests.
Councillors on the city’s planning committee have approved plans for a three-storey annexe to be constructed next to the North Star in Station Road, Stechford.
Westbourne Leisure plans to demolish outbuildings adjoining the pub to construct the new annexe, which will provide 41 bedrooms.
The company wants to compete against the motel chains for the business traveller and construction worker market.
The development is said to be similar to the one carried out at The Moseley Arms in Digbeth and is intended to meet a shortfall in hotel accommodation in the Stechford area.
Permission to further expand facilities at Innovation Birmingham Campus has been hailed as a boost for the city’s growing digital industries sector.
Maker Wharf, designed by AHR, will be the fourth building on the campus following the opening of the Universities Centre and iCentrum.
The 21,527 sq ft building will accommodate four floors of digital prototyping, fabrication and manufacturing space, together with offices.
With construction scheduled to start later this year, Maker Wharf is set to be open next summer.
David Hardman, CEO of Innovation Birmingham, said: “With considerable interest already secured, Maker Wharf will be integral to bridging the gap between Birmingham’s manufacturing legacy and the new digital maker movement.”
ICB is now home to more than 150 start-ups and the campus is set to double in size by 2020.