Knights has supported Lancashire-based LSC Property Holdings Limited on the acquisition of New Hall Hey Retail Park, an 80,000 sq ft site in Rawtenstall from Aegon Property Income Fund in a multi-million pound deal.
LSC Property Holdings Limited is a new property investment vehicle set up by Shaun Morley and Adam Turner who are also Directors of LSC Finance Ltd, LSC Capital Ltd and Lyndhurst Shoe Company Ltd.
Leo Rossiter, Partner in Knights' Asset Management team, commented: “We’re delighted to have supported Shaun and Adam on this acquisition. 2020 was a disruptive year for retail so it’s great to see this deal complete as we move into 2021.”
Adam Turner, Director at LSC, commented: “The Rawtenstall acquisition is an exciting step for the new arm of our business. After building a significant residential portfolio we have been looking to expand and venture into commercial property investment. As we are Rawtenstall born and bred we really wanted to make this our first major commercial acquisition when the opportunity arose.
Knights handled everything for us brilliantly; the expertise of each department was pulled together seamlessly and they delivered a first class service to achieve a swift completion.”