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LCP acquires Aviemore Retail Park

LCP, the national commercial property and investment company, has acquired its third retail centre in Aviemore in just over 12 months.

It has added Aviemore Retail Park, Santa Claus Drive, off Grampian Road, to its growing retail portfolio in the town after acquiring it for an undisclosed amount.

The 50,550 sq ft parade, which opened in 2017, is fully let with six tenants – anchored by Aldi, with Superdrug, Costa Coffee, The Snug Speyside Distillery Visitor Experience, and Tiso outdoor experience store.

The retail park joins Aviemore Shopping Centre and Myrtlefield Centre, which are both on Grampian Road, which the acquisitive commercial property company bought in the summer of 2021, bringing its total retail portfolio in the town to 85,550 sq ft.

James Buchanan, group managing director of LCP, said: “Aviemore Retail Park occupies a prime site in what is a busy all-year-round tourist destination, so we’re pleased to have added this significant centre to our real estate assets. As a business we remain committed to seeking suitable sites we can add value to and have £300 million available to invest ranging from £500,000 to £30 million.”

Phillip Hunt at Tudor Real Estate acted as agent for LCP, and solicitor was Kelsey Gibson at MacRoberts. CMS Solicitors acted for the vendor.

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Aviemore Retail Park, which has been acquired by LCP

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Notes to editors

LCP is a national commercial property and investment company, headquartered in the West Midlands and one of the UK’s largest private owners and managers of retail, leisure, industrial, office and residential property. It is one of the UK’s largest owners of local- and convenience-led retail parades. It uses its intensive asset management approach to bring high quality shops, comprising high street names and independents, to communities. In total, LCP has a retail portfolio comprising more than 9.4 million square feet and more than 370 sites. LCP’s UK industrial portfolio totals more than 11.5 million sq ft of space. Its flagship industrial and business 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.

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