LCP officially launches Prime Point speculative development

LCP launches Prime Point with (l-r) Andrew Preston, industrial portfolio manager, LCP; Matt Tilt, director LSH; James Bird, associate Bulleys; and Paula James, industrial lettings manager, LCP.

More than 50 property professionals from across the West Midlands have attended the official launch of Prime Point, a multi-million pound speculative development by a LCP, a leading property investment and management company.

There has been considerable interest in the development at LCP’s flagship Pensnett Estate, Kingswinford, where it is building four industrial and warehouse units, totalling 130,000 sq ft.

And the launch event, at Opus Restaurant, Birmingham, saw Matt Tilt, director of industrial agency at LSH, and James Bird, associate at Bulleys, who have been appointed to market the site, making presentations to attendees about its potential.

People attending included Mick Lorkins, EZ Lead Officer of DY5, the new Dudley Business and Innovation Enterprise Zone, plus agents from property professionals such as Savills, BNP Paribas, Harris Lamb, and Cushman and Wakefield.

Andrew Preston, LCP industrial portfolio manager, said: “It was great to see so many people at the official launch and the level of interest we have already had from potential occupiers is encouraging.”

Occupiers at Prime Point can take units between 10,000 and 40,000 sq ft. Building work is earmarked for completion in November.

The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.

The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.