Investment firm strengthens portfolio by buying 29,000 sq ft worth of industrial units
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Northern Trust
13
Sep

Investment firm strengthens portfolio by buying 29,000 sq ft worth of industrial units

A property investment, development and land regeneration company has acquired a trio of multi-let industrial estates in Yorkshire.

Northern Trust has bought estates in Rossington near Doncaster, Thurnscoe near Barnsley and Hornsea. The three estates provide a combined floor area of over 29,000 sq ft in 26 units, with each of the estates situated close to existing Northern Trust assets.

Lidget Lane Industrial Estate in Thurnscoe has 10 units with individual sizes ranging from 746 sq ft up to 2,257 sq ft. Bridge Court Industrial Estate in Hornsea comprises 5,018 sq ft in four individual units with sizes from 1,001 sq ft up to 2,009 sq ft. Bankwood Lane Industrial Estate in Rossington features 11 units with sizes from 495 sq ft up to 2,003 sq ft.

Tom Parkinson, Director at Northern Trust, said: “We have been expanding our multi-let industrial portfolio, and in the last 12 months we have added over 250,000 sq ft through new acquisition and development.

“The three sites in Yorkshire offer good quality industrial space in strategic locations, which complement our existing portfolio across Yorkshire, and form part of our ongoing strategy to acquire and develop multi-let industrial assets to support the SME business community.”

All three estates will be actively managed by Northern Trust’s in-house surveying team – Whittle Jones Asset Management. The Yorkshire portfolio comprises 34 assets totalling over 850,000 sq ft of predominantly industrial space in more than 440 units.

These assets are located throughout the whole of the county, as well as in Gainsborough in Lincolnshire.

Northern Trust was established in 1962 and its current overall property portfolio extends to almost eight million sq ft of industrial, trade counter and office parks, together with more than 5,000 acres of land throughout the UK.

 

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