The 5 Rise Shopping Centre in Bingley is fully let for first time in three years

A shopping centre in West Yorkshire is fully let for the first time in three years after its new owners carried out a major improvement programme.

LCP, the national commercial property and investment company which is part of M Core, has attracted a number of big corporate names after acquiring the 5 Rise Shopping Centre in Bingley last year.

A spokesman said: “Since then, the management team has transformed the centre, which has 18 retail units. It has invested an undisclosed sum on improving and updating vacant shop frontages, to help attract new tenants.

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"The former Santander building has been let to Specsavers, while the adjacent Yorkshire Building Society, which has also been empty since 2020, was let to Papa Johns. Another shop that had been boarded up for two years was let to a phone repair shop.”

LCP, the national commercial property and investment company that is part of M Core, acquired the open-air convenience centre last year.LCP, the national commercial property and investment company that is part of M Core, acquired the open-air convenience centre last year.
LCP, the national commercial property and investment company that is part of M Core, acquired the open-air convenience centre last year.

The vacant first and second floors have been sold and these spaces will be developed into eight flats, which are due to come to market in the summer.

Other new tenants which have arrived over the past few months include Advanced Mobility Solutions and Secret Gardens, a bar that has opened at unit 11a Chapple Lane.

George Kearney, asset manager, said: “When we acquired 5 Rise last year, we said we would invest and improve for the benefit of the community, and we are as good as our word.

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"The centre looks refreshed and more inviting and this has led to a number of new lettings.

“As a shopping centre in the heart of the community, it was important for us to ensure it provided the shops that people want on their doorstep and we also welcome the development of much-needed homes on the upper floors.

"We know that the improvements have been welcomed locally and we will continue to work with traders so that it remains a place where people want to visit.”

The 5 Rise Shopping Centre is anchored by a 17,000 sq ft Co-op supermarket with other retailers including Home Bargains, Costa, Greggs, Timpsons, Subway and Card Factory.

Other occupiers include Boots, BetFred and a Harvester pub, while Bingley Library is located beneath the Home Bargains unit. LCP’s UK industrial portfolio totals more than 11.5m sq ft of space.