Northern Trust Completes Sale of Land at Inskip to Concert Living

Northern Trust is pleased to confirm that they have completed the sale of a 3.71 acre site in Inskip to Concert Living.

The site, situated off Preston Road, and is situated approximately 8.5 miles from Preston was granted outline planning permission for up to 30 new homes last year. It is the fourth site in Inskip that Northern Trust has secured planning consent for in recent years.

Concert secured the approval of their reserved matters scheme from Wyre Borough Council on 7th January 2021 for 30 homes, ranging from 2 bed bungalows to 5 bed detached family homes.

To read the full press release please click here. 

Planning Permission Granted for up to 120 New Homes in Gedling

Northern Trust Company Ltd is pleased to announce that it has successfully gained outline planning permission for up to 120 new homes on a 10 acre site off Burton Road in Gedling on behalf of the landowner.

The site is owned by Midlands Land Portfolio Limited (MLPL) the property development arm of Severn Trent, with Northern Trust acting as their planning promotion partner.

Illustrative Layout

The proposed development has been the subject of extensive dialogue with Gedling Borough Council, taking the site from being within the Green Belt to an allocation within the adopted Gedling Local Plan and now with the benefit of planning permission.

Alongside 120 dwellings the development provides significant local benefits in the form of 20% affordable housing, public open space, financial contributions towards primary school provision, library and health facilities and bus stop enhancements. The planning application was submitted in December 2019 and considered at the planning committee in August 2020. Following several months of negotiations on the Section 106 Agreement planning permission was granted on 29th January 2021.

To read the full press release please click here.

Northern Trust Acquires Circa £6.5 million Industrial Development

Northern Trust Company Ltd is pleased to announce that they have completed the acquisition of a North East industrial portfolio from BizSpace.

The portfolio comprises of 10 multi-let industrial estates totalling over 146,000 sq ft located in Northumberland, Durham, Sunderland, Stockton-on-Tees and Cleveland.

Dubmire Industrial Estate, Houghton le Spring

Tom Parkinson, Director at Northern Trust commented “We have been expanding our multi-let industrial portfolio through new acquisitions and developments; and are delighted to complete this latest acquisition which offers good quality industrial space, which will complement our existing sites in North East. This acquisition forms parts of our on-going strategy to acquire and develop multi-let industrial assets to support the SME business community, with our current portfolio housing in the region of 18,000 jobs.”

To read the full press release please click here.