Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / LCP acquires Darlington retail park as portfolio continues to grow

LCP acquires Darlington retail park as portfolio continues to grow

Fri, 19 Nov 2021 | COMMERCIAL PROPERTY



Investment and property management firm London and Cambridge Properties Ltd. (LCP) has continued to expand its retail portfolio with the £1.8 million acquisition of the Russell Street Retail Park in Darlington. LCP has been rapidly increasing its retail portfolio over recent months, acquiring £58 million in multiple assets over the past quarter alone.

LCP has been targeting acquisitions in the convenience parades and local retail centres space. The commercial property firm has a war chest of £300 million available to deploy and is targeting assets that range from £500,000 to up to £30 million.

Its recent acquisitions include Eden Square in Manchester, Lime Square in Openshaw and the Aviemore Shopping Centre and Myrtlefield Shopping Centre in Aviemore, Scotland, which represented the firm’s largest retail acquisition in Scotland so far.

Based on the St Cuthberts Way ring road and close to the Darlington town centre, Russell Street Retail Park is made up of three units totalling close to 25,000 sq ft. One of the units is currently empty, while the others are occupied by the British Heart Foundation and Halfords. The site also includes a 135-space car park.

Commenting on the company’s latest in a string of acquisitions, LCP’s Associate Director – Convenience Parades, Rakesh Joshi, said: "As we seek to invest in convenience parades across the country, we are gaining a reputation as a major player in this thriving sector. We are pleased to add Russell Street Retail Park to our growing portfolio and will continue to seek similar opportunities."


One of the best ways to find properties below market price is to look at recent administrations


Share this article



Latest Businesses for Sale

Supplier of Premium Diving Equipment
UK Wide

Specialises in the supply of high-quality and high-performance diving equipment on a national and international basis; it is now for sale.

Asking Price: Offers Invited
Turnover: £873,000

FREEHOLD


Supplier of Interior and Exterior Lighting Products
UK Wide

Suppliers of contemporary and modern lighting for the retail, wholesale and contract markets throughout the UK and internationally. Offers an extensive range of interior and exterior lighting products across a wide range of product categories. 80% of...

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD


Convenience Store
South East, UK

The shop is ideally located between Bournemouth and Christchurch close to multiple beauty spots. The business enjoys regular all year-round trade from the local community and from those working in the area. Additionally, the business enjoys a signifi...

Asking Price: Offers Invited
Turnover: £309,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
16
 
May
 

Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE

Manx Financial Group Plc has announced the acquisition of Pa...

 
13
 
May
 

Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION

The US House Group modular housing joint venture has fallen ...

 
12
 
May
 

Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE

Bathroom and kitchen products firm Norcros has agreed a deal...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.