M Core has completed the acquisition of four UK retail assets: Broad Street Plaza in Halifax, Chapel Street Retail Parade in Exmouth, retail units at Abacus House on London Road in Brighton, and Bleasdale Shopping Centre in Aintree, Liverpool. The in-house team at LCP UK, part of M Core will lead asset management for all four properties.
Broad Street Plaza, Halifax
Broad Street Plaza is a town-center leisure and retail scheme in Halifax, anchored by PureGym, Wetherspoon’s, Vue Cinema and Nando’s. The scheme benefits from a multi-storey car park with 429 spaces and occupies a prominent position adjacent to Halifax Town Hall and the main bus station.
One unit is currently vacant, with active leasing discussions under way. Asset management will be led by George Kearney, Senior Asset Manager at LCP UK, part of M Core.
Chapel Street Retail Parade, Exmouth
Chapel Street Retail Parade comprises seven ground-floor retail units totaling approximately 21,700 sq ft, located within Exmouth’s primary shopping area and directly adjacent to the town’s main shopper car park. Occupiers include Caffè Nero, Greggs, Mountain Warehouse, The Works and Superdrug.
One unit is currently vacant and will be the focus of near-term leasing activity. Asset management will be led by George Watson, Senior Asset Manager at LCP UK, part of M Core.
Abacus House, London Road, Brighton
The retail accommodation at Abacus House forms part of a mixed-use development on London Road, one of Brighton’s principal arterial routes.
Ground-floor retail units sit beneath student residential accommodation in an established trading location with strong public transport links. Current occupiers include The Gym Group, Poundstretcher, British Heart Foundation and Nisbets PLC.
Asset management will be led by George Kearney, Senior Asset Manager at LCP UK, part of M Core.
Bleasdale Shopping Centre, Aintree, Liverpool
Bleasdale Shopping Centre is a fully let neighborhood retail parade in Aintree, comprising nine retail units, an office, and four self-contained residential flats above, totaling approximately 17,700 sq ft. The scheme occupies a corner site at Altway and Ormskirk Road, with Old Roan railway station directly opposite and Aintree Shopping Park nearby.
Occupiers include William Hill, Maxwell Hodge Solicitors and Waterfields, along with local operators serving a well-established residential catchment. Asset management will be led by Kristein Neve at LCP UK, part of M Core.
“These acquisitions extend our UK retail presence into locations with strong occupier bases and clear asset-management opportunities. Our in-house team will focus on occupier retention, void reduction and long-term decisions that protect income and support the communities these assets serve,” says James Buchanan, Group Managing Director, LCP UK, part of M Core
Transaction advisers
- Catherine Gunz, Legal Director at Osborne Clarke, acted on behalf of the purchasers across all four transactions.
- Simon Lewis of Lewis Ellis acted on behalf of the vendor for Broad Street Plaza, Halifax, and Abacus House, Brighton.
- Richard Bashford of CBRE acted on behalf of the vendor for Chapel Street Retail Parade, Exmouth.
- Adam Ramshaw of Lambert Smith Hampton acted on behalf of the vendor for Bleasdale Shopping Centre, Aintree.
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