Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://www.benussilaw.co.uk

Shopping parade is fully-let for first time

A shopping parade in Sutton Coldfield is fully-let for the first time in two years after Turkish Golden Scissors barbers signed up for the last retail unit.

Turkish Golden Scissors has agreed a 20-year lease for unit 2, The Lanes Shopping Centre, Wylde Green, with national property and investment company LCP, which manages the centre. The new tenancy for the 1,031 sq ft unit comes just three weeks after The Tanning Shop also signed up for the Birmingham Road centre.

LCP, which acquired the parade for Sheet Anchor Investments Ltd, one of the LCP group of companies, in October 2017, has invested about £35,000 on phase one improvements, which included undertaking repairs to the soffits and fascias, repainting car park bollards, improving the landscaping and redecorating the canopies. It now plans to upgrade the existing lighting in the scheme to LED, consider installation of additional external lighting in the car park and resurface the car park.

Rakesh Joshi, LCP retail asset manager, said it spent 2018 making aesthetic improvements to the centre, helping it to retain a number of existing tenants and has since attracted new occupiers to the site.

Occupiers include Fabrica, a dressmaking and fabrics store which doubled in size after taking an adjoining unit; Fabrica 2, a Malaysian restaurant, which renewed its 15-year lease for a 3,200 sq ft unit; Halo Blinds, which has agreed a new five-year lease for its 762 sq ft unit; and Flex gym, which has agreed a 10-year lease for its 4,500 sq ft unit. Rakesh also welcomed Card Factory to The Lanes, after it signed a five-year lease for a 918 sq ft unit.

“The Lanes is a vibrant local shopping centre that is well-supported by the local community and we are pleased to have helped to attract a greater diversity of tenants here, leading to a richer retail and leisure mix,” he said. “LCP prides itself on acquiring properties that it can add value to for the benefit of its tenants and also the local community and we’ve worked hard to build up a good relationship with the tenants, working with them to prioritise what work should be carried out.”

Business award winners crowned at glittering event

The Belfry hosts third annual Sutton Coldfield & Lichfield awards

28th January 2019

Dartmouth Circus is in the frame

Iconic city view captured on canvas for city businessman

3rd January 2019

New multi-million pound development unveiled

Apartments and restaurant created in centre of Sutton Coldfield

11th March 2019

Kirsty Cove

Head of sales and lettings at FleetMilne

15th May 2019

Advice for business owners on thriving in retirement

Financial planner launches book to improve their prospects

26th April 2019

New immigration team is appointed

Law firm launches new department

22nd May 2019

Commercial property landlords are missing out

Surveyor says retail business failures are costing them dearly

7th June 2019

Landmark building is for sale

Well-known West Bromwich property on the market

1st July 2019

Hat trick of new hires

International property investment firm eyes global growth

9th April 2019

Carnival show will go on in Coleshill

Logistics company steps in to save the day

10th June 2019

Prom and ballgown specialist is on the move

West Bromwich store will be biggest in its history

17th January 2019

Busy first year for Birmingham retail agents

More than 100 property deals completed

26th November 2018

Investment Fund reaches £50 million milestone

Cash handed out to more than 150 firms

19th June 2019

Ian Weatherby-Blythe

Group managing director of Washington Green and Castle Fine Art

3rd May 2019

Cleaning company goes electric

City firm takes delivery of three new vehicles

26th February 2019