New management announced at Daventry shopping parade who hope to 'attract high street names'
The company has been interested in the shopping parade for a 'long time'
A management firm has acquired a Daventry shopping parade as its latest addition to its retail portfolio.
Bowen Square, off New Street will now be run by LCP, a company that is keen to 'attract high street names' and 'work with independent traders'.
The 110,395 square foot shopping parade, with an average footfall of around 87,000 a week, currently has 38 shops including Waitrose Boots, Greggs, Dominoes and Subway.
James Buchanan, managing director at LCP, said: “We have been tracking this particular district centre for a long time as it has key attributes we look for, with high-performing anchor tenants, a diverse range of independent and national tenants, and a strong community catchment.
“At a time when the property investment sector is slowing down its investments within retail we are primed, with £300 million available for assets ranging from £500,000 to £30 million.”
Martin Wade, LCP asset manager, added: “Over the past three years, we have focused on boosting our local shopping centre portfolio because they provide an excellent investment opportunity.
“Our intensive asset management approach means that we are able to attract high street names and we also work closely with the independent tenants to ensure each centre operates effectively and to maximum capacity.”
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