Acting on behalf of L&C Investments Limited, Reith Lambert has advised on the acquisition of the investment at Bell Quadrant, Carfin. The property comprises a fully let neighbourhood retail scheme comprising 11 units with a strong tenant mix including Tesco, Farmfoods, Subway, Betfred, Greggs, Barnardo’s and a new build Costa Coffee pod.
In addition there is a development site with planning consent for 3 retail units which L&C Investments intend to develop. Reith Lambert and HSA Retail have been appointed as letting agents for the new development.
LCP, the leading property investment and management company, has been appointed to manage the parade.
“This is a very high quality neighbourhood parade with an additional add value opportunity from the development site. We intend developing units on the site and are in discussion with a number of retailers. We are committed to actively managing all our properties to the highest standards and identifying areas for improvement and reinvestment.”