National commercial property and investment company London Cambridge Properties (LCP) has announced that they have set new records with their impressive financial results.
For the 2019 fiscal year, LCP saw the Value of their entire property portfolio increase by 4% to total £1,469.3 million as well as a 7% increase in turnover to bring their total turnover to £129.7 million for the financial year.
Commenting on the numbers, Nick Burgess, Managing Director of LCP said: “The last financial year was yet another exceptional year for the Group and we are well placed to take advantage of changing consumer habits.”
“Our growing portfolio offers opportunities for distribution operations serving local demand as well as retail convenience retail at the heart of the community. As we look to continue investing in this sector, our intensive management approach will result in improved facilities and increased lettings, bringing more variety for local shoppers.”
LCP, who is one of the UK’s largest private owners of industrial, retail and office property, also revealed that they completed £56.1m of acquisitions, including a record £50.4m in Continental Europe.
Nick concluded: “We are in an excellent position to continue our programme of growth, acquiring suitable properties that have the best opportunities to strengthen our return on investment.”