BINGLEY's 5 Rise Shopping Centre has been sold for an undisclosed sum.

The centre, which has 18 retail units including a Co-op, Poundland, Home Bargains, Costa, Greggs, Timpsons and Card Factory, was acquired by commercial property and investment company LCP.

Other occupiers include Boots, BetFred and a pub, while Bingley Library is beneath the Home Bargains unit. Only one unit of 1,995 sq ft remains available.

George Kearney, asset manager at LCP, said the 5Rise Shopping Centre is at the heart of the community in Bingley, is close to town centre bus stops and forms the main pedestrian link between Aldi and Lidl.

“Bingley is a thriving market town and the centre is well used, with a healthy footfall, so we recognise it as a great investment,” he said.

“We understand just how important these smaller, local centres are to the communities they are located in and have focused our acquisitions over the past few years on this sector.

“As we are renowned for our proactive asset management approach, we’re looking forward to working with the tenants and local community, as well as attracting a new occupier or that final unit that’s available,” he added.

Over the past three years, LCP has focused on boosting its local convenience parade portfolio and in the last quarter alone has acquired £58 million of assets throughout the UK.