LCP, a UK commercial property investment company, has appointed a UK head of retail as part of a plan to increase its strategic focus on retail assets.
Ben Chislett joins the company from Savills, where he was retail director for nine years, advising both retailers and landlords on their acquisition and disposal strategies.
As a specialist in national retail agency, Chislett, who was also previously a director at CBRE, will oversee and manage the retail arm of all four LCP offices in the UK, which are located in London, Bristol, Glasgow and its headquarters in Pensnett, West Midlands.
The newly created appointment comes after LCP invested more than £270 mln in retail assets, from local convenience parades to regional centres, in 2021.
James Buchanan, managing director, said: ‘As we increasingly focus on retail acquisitions, this is an important, key senior appointment. Ben’s highly strategic approach in the retail sector, not to mention his first-class knowledge and connections, will ensure LCP will be known as one of the leading investors in retail assets in the country.’
The firm has £300 mln available to invest a year in retail assets.
Ben Chislett added: ‘With so many property companies moving away from retail, it’s fantastic that LCP shares my vision and sees an exciting long term future for retail assets in the UK.’
