LCP note the evidence base listed in Table 1. However, the evidence base is lacking any input from the private sector in terms of their views on the property market in the Black Country area.

London & Cambridge Property (LCP) is one of the UK's largest private owners of industrial and retail property, managing a portfolio in excess of 14 million sq ft which is predominantly held for long term investment purposes.

Within the Black Country Joint Core Strategy Area the company owns some 498,781 sqm of industrial and retail floorspace contained within 23 sites (see attached list and plan). This comprises industrial estates such as Pensnett Industrial Estate (Dudley), Shopping Centres (Wulfrun Shopping Centre, Wolverhampton) and local shopping centres such as (Aldridge Shopping Centre).

Many of these properties have been owned for in excess of 20 years and given that LCP have been continually managing and marketing these premises they have considerable long term experience in the local property market in terms of tenant's requirements, demand etc. We believe that such information is of considerable relevance and importance to the preparation of the Joint Core Strategy and should be taken into consideration as part of the evidence base. Furthermore, the Joint Core Strategy would be more robust if it took into account the future plans of major landowners and investors in the area.

LCP would be happy to meet with officers preparing the Core Strategy to outline their views on the issues affecting them in respect of their property portfolio particularly going forward.