8 Jan 2021, 12:11
The fund manager sold the 80,000 sq ft New Hall Hey Retail Park off Swanney Lodge Road in Rawtenstall to local investor LSC Property Holdings for an undisclosed sum.
LSC Property is an investment vehicle set up by Shaun Morley and Adam Turner who are also directors of development finance firm LSC Finance.
The New Hall Hey acquisition is the company’s first commercial sector buy, as it previously focussed on residential properties.
Turner said: “This 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.