LCP, the national property and investment company, has appointed a new asset manager as it seeks to grow its property portfolio over the next 12 months and beyond.
Simon Eatough joins the business from CBRE, where he had worked for six years and was associate director. He will be based at LCP’s headquarters at The Pensnett Estate, Kingswinford, West Midlands, and will manage a portfolio, focusing mainly on retail and industrial sectors in the South Yorkshire area.
“LCP has demonstrated that it is a national company with real ambition, which is exciting, yet its horizontal management structure allows quick decision making, which means we have the freedom to react swiftly to opportunities.
“I’m looking forward to playing a key role in the team, helping to improve rents within the portfolio and spotting development opportunities.”
Nick Burgess, managing director of LCP, said:
“We’ve put in place very ambitious plans for investment over the next few years and are seeking to add considerably to our already burgeoning portfolio. Simon’s solid asset management experience complements the existing team’s excellent credentials and we are looking forward to working with him.”
At the beginning of the year, The LCP group of companies unveiled plans for continued growth in 2017, following a £98 million investment in its commercial property portfolio last year. It is looking to invest a further £250 million this year in both retail and industrial properties.
LCP is one of the UK’s largest private owners and managers of retail, industrial and office property to let, managing a portfolio of more than 19 million square feet of commercial property across the UK. Its flagship industrial estate is The Pensnett Estate, Kingswinford, which at 185 acres is one of the largest secure industrial estates in Europe and home to almost 200 companies.
Its retail portfolio comprises more than 6.4 million square feet and 310 sites and has a strong focus on the local and convenience shopping sector. LCP owns and manages a number of shopping centres including the Wulfrun Centre, Wolverhampton; The Concourse Centre, Skelmersdale; The Hardshaw Centre, St Helens; and the Wellington Centre, Aldershot.