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. 

Work Starts on New £4 Million Industrial Development in St Helens

Northern Trust is pleased to confirm that work on their new 35,600 sq ft industrial development in St Helens has started on site.

The phase two development at their Gerards Park scheme located off College Street, will add 20 more units to the popular scheme. The new units will be constructed to a high specification and will be arranged in 3 separate terraced blocks with sizes ranging from 818 sq ft up to 2,906 sq ft. The units over 1,000 sq ft will include integral office space, and there will be dedicated parking to the front of each unit with good communal circulation space.

The phase two development is being part funded by the Local Growth Fund. Local Growth Funding is awarded to the Liverpool City Region Local Enterprise Partnership (LEP) and invested through the Liverpool City Region Combined Authority through its Strategic Investment Fund.

Mike Grindrod, Director at Northern Trust commented “We are delighted to have the support of Liverpool City Region Combined Authority in bringing forward this strategic development, which will complement our existing ownership in St Helens and provide much needed workshop accommodation for small and medium sized enterprises looking to set up or relocate to the area. Considering the current economic climate this development shows our commitment to investing in the area and creating jobs for the local economy.”

Steve Rotheram, Metro Mayor of the Liverpool City Region, said:

“We’ve invested £1m to help the site continue to grow and succeed. I want to ensure that we’re able to offer outstanding facilities that will keep attracting new businesses and jobs to St Helens, which is especially important given the impact of COVID these past few months.

“Retaining as many jobs and businesses and as much investment as possible, while attracting more will be really important in helping our region recover from the economic effects of this pandemic, but we’re already making a start.”

Councillor David Baines, Leader of St Helens Borough Council, commented: “Growing the local economy and attracting new jobs and investment was a priority for us before Covid, and it’s even more important now. Gerard’s Park is already a thriving site and this new development will add significantly to that. This scheme also demonstrates the value of partnership working, and it’s the latest evidence of the benefits of our membership of the Liverpool City Region.”

Minister for Regional Growth and Local Government, Luke Hall MP said:

“We’re giving business across the country the resources and opportunities they need to succeed. That’s why we are backing the Gerard’s Park scheme with a Local Growth Fund investment of over £1 million. The additional space will allow more SMEs to set up or relocate to Liverpool, boosting jobs and opportunities for the community.”

The new development sits alongside Northern Trust’s existing Gerards Park scheme which was developed back in 2012 and when completed will be actively managed by Northern Trust’s in house managing agents, Whittle Jones.

Northern Trust’s current ownership in St Helens extends to over 63,000 sq ft across 3 estates, in 62 units. All three estates are currently fully occupied and home to 61 different businesses.

For more details on the phase two development at Gerards Park or to register your interest please contact the Whittle Jones North West office on 01257 238666.

 

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Notes to Editors:

Press Enquiries; Northern Trust/Whittle Jones: Rosalyn Godsmark, 01257 238555 or rgodsmark@lyntonhouse.com

 

 

Strategic Investment Fund

“ The Strategic Investment Fund (SIF) is the key funding tool for promoting economic

growth for the Liverpool City Region. It supports the delivery of the City Region’s strategic priorities as well as unlocking economic potential and accelerating

inclusive growth.

 

For more information visit: https://www.liverpoolcityregion-ca.gov.uk/growing-oureconomy/strategic-investment-fund

 

 

Local Growth Fund

“ Local Enterprise Partnerships are playing a vital role in driving forward economic

growth across the country, helping to build a country that works for everyone.

That’s why by 2021 Government will have invested over £12bn through the Local

Growth Fund, allowing LEPs to use their local knowledge to get all areas of the

country firing on all cylinders.

 

For more information visit: www.liverpoollep.org/funding/local-growth-fund

 

Northern Trust Acquires 50,000 sq ft of Industrial Space in Leyland

Northern Trust is pleased to announce that they have acquired c50,000 sq ft of multi let industrial space in Leyland, near Chorley. The three estates consist of two courtyard schemes at Peregrine Place and Osprey Place, and a semi-detached unit at Marathon Place.

Peregrine Place

The schemes are located in the established Moss Side Employment Area of Leyland.

Tom Parkinson, Director at Northern Trust commented “We have been expanding our multi-let industrial portfolio through new acquisitions and developments; and this latest acquisition offers good quality industrial space which will complement our existing sites across the North West. 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. 

 

Works at Turnhouse Court, Newbridge Progressing

Northern Trust is pleased to confirm that works are progressing well on the construction of the first phase of their new development in Newbridge, Turnhouse Court.

When completed this first phase at Turnhouse Court will provide 14 industrial units totalling 28,413 sq ft; with units ranging in size from 1,045 sq ft up to 4,154 sq ft. The units will be arranged into 3 terraced blocks with the central block incorporating back to back units.

The units will be constructed to a high specification and will each incorporate office space. There will be dedicated parking to the front and generous circulation space.

Jonathan Houghton, Property Portfolio Manager at Northern Trust commented “With works on site progressing well, I am pleased to confirm that we have now appointed Colliers as our joint letting agent for the scheme. This new development will complement our existing ownership in Scotland; which once completed will extend to over 470,000 sq ft of multi-let industrial and office accommodation.”

Lewis Pentland, Associate Director for Industrial and Logistics at Colliers added “We are delighted to be working with Northern Trust on their new scheme at Turnhouse Court. Whilst these are challenging times, the Edinburgh market has actually seen significantly greater take up in the YTD compared to 2019. This scheme will no doubt address the demand for smaller units in a location where such supply is low.”

To read the full press release please click here. 

Planning Application Submitted for New Multi-Let Industrial Development in Livingston

Northern Trust is pleased to confirm that they have submitted plans for the development of an additional c 30,000 sq ft multi let industrial scheme adjacent to their existing Eliburn Industrial Estate in Livingston.

The plans include the creation of 13 new units arranged in 3 terraced blocks. There will be a single terrace of trade counter units and two terraces of industrial / workshop units. Unit sizes range from 1,108 sq ft up to 3,339 sq ft with each benefiting from integral office space, dedicated parking to the front of each unit and generous circulation space.

If the plans are approved, the new development would represent a £3 million investment by Northern Trust.

To read the full press release please click here. 

Northern Trust Were Delighted to Sponsor Cheltenham Race

Wednesday, February 5, 2020 – Cheltenham announces today two sponsorship changes on day one of The Festival™ presented by Magners, Tuesday, 10 March.

The G1 Mares’ Hurdle will now be supported by Close Brothers, the leading UK merchant banking group. Close Brothers’ involvement with The Festival began in 2016, when it took on the sponsorship of the novices’ handicap chase on day one. Close Brothers’ are also a Group wide partner of The Jockey Club and Sir A P McCoy is the company’s brand ambassador.

The £120,000 G1 Close Brothers Mares’ Hurdle (4.10pm) was introduced to The Festival in 2008 and has been dominated by trainer Willie Mullins, who has landed nine of the 12 runnings to date. Six of Mullins’ victories were provided by the extraordinary Quevega, who created history by winning the contest every year between 2009 and 2014.

With Close Brothers transferring its support to the Mares’ Hurdle, the novices handicap chase will now be sponsored by land and property company Northern Trust Co Ltd.

Introduced to the race programme when The Festival extended to four days in 2005, the £70,000 Northern Trust Company Novices’ Handicap Chase takes place over two and a half miles and is the penultimate contest on day one (4.50pm). Always a very competitive contest that often attracts a maximum field (20 runners), the Northern Trust Company Novices’ Handicap Chase went to subsequent G1 winner A Plus Tard in 2019 for owner Cheveley Park Stud, trainer Henry de Bromhead and jockey Rachael Blackmore.

Carey Weeks, regional head of partnerships for Jockey Club Racecourses South West, said: “Cheltenham is extremely grateful for the ongoing support from Close Brothers, which is now in its fifth year of partnership at The Festival.

“It seems very appropriate that the name of such a dedicated Group Partner is now associated with one of the G1 highlights at the Home of Jump Racing.

“I would also like to take this opportunity to welcome Northern Trust as the new sponsor of the novices’ handicap chase on day one of The Festival.

“Northern Trust will have its name attached to what is always one of the most hotly contested contests of the four days and one that gets a lot of people talking in the countdown to The Festival.”

Miller Homes Complete the Acquisition of 31 Acre Site from Northern Trust

Northern Trust Company Ltd is pleased to confirm that Miller Homes has completed the acquisition of 31 acres at their West Chirton (South) Industrial Estate in North Shields.

The site which forms part of the West Chirton (South) Industrial Estate sits on the southern part, and was characterised by large areas of vacant land. Northern Trust has retained the northern part for commercial use.

North Tyneside Council granted outline planning permission to Northern Trust back in 2017 to build up to 400 new homes, and subsequently appointed Knight Frank to facilitate the sale of the site. Miller Homes was selected as the preferred developer and a reserved matters application was approved last year for the building of 399 new homes in a mix of two, three and four bedroom houses, along with a proportion of affordable.

Stephen Glenn, Land Executive at Northern Trust commented: “We have worked closely with Miller Homes, Knight Frank and other key stakeholders in realising the future of this brownfield site which will bring further investment into the area for the benefit of the local community. The plans have already enabled us to reinvest into the commercial section of the site through refurbishment works to the existing units.”

Philip James, Associate Land Director at Miller Homes, said:  “We are delighted to have completed the acquisition of this parcel of land at West Chirton Industrial Estate.  Miller Homes has a strong track record in the North East and we look forward to bringing a range of much needed high quality new homes to the area.  Work is due to start on site imminently with a sales launch anticipated in the summer.”

James Platts, Partner at Knight Frank Newcastle, added: “Miller Homes have acquired a number of sites across the North East, from Knight Frank. I’m confident West Chirton will prove to be a very successful residential development. We were happy to act on behalf of Northern Trust.”

To read the full press release please click here. 

Northern Trust Completes Sale of Land at Treales

Northern Trust Company Ltd is pleased to confirm that they have recently completed the sale of 1.14 acres of land at Kirkham Road, Treales to Prospect Development (NW) Ltd.

Northern Trust secured outline planning permission for 3 substantial building plots on the site in 2019 and Prospect will now prepare details plans for the proposed development.

This is the second site sold by Northern Trust in Treales, and also had planning for 3 plots.

Northern Trust are seeking further sites across the region and are ideally looking for strategic brownfield or greenfield sites from 3 acres up to 100 acres plus, for purchase or via a promotional agreement.

To read the full press release please click here. 

 

 

 

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Northern Trust Welcomes New Senior Land Manager

Northern Trust Company Ltd is pleased to welcome David Jones to their Land and Development team.

David has joined the company as Senior Land Manager and will be working on a variety of projects. Northern Trust has a land bank of over 5,000 acres, and is actively looking for further residential and commercial land opportunities to purchase, promote or develop throughout the UK.

The company has an impressive track record of achieving planning consent on sites and has been successful promoting its own, and third party landowner’s sites. In the last 24 months the team has achieved planning for c 4,500 residential units, and our current projects covering more than 30 sites incorporate a mixture of uses including the potential of bringing forward a further 5,000 new homes.

David brings with him a wealth of experience having previously worked with National house builders, land promoters and in consultancy for over 25 years. He has worked on a range of development projects throughout the UK.

David commented on his move to Northern Trust “I am delighted to be working with Northern Trust and look forward to securing and delivering a strong pipeline of development opportunities.”

To read the full press release please click here.

 

Northern Trust Sells Site at Pilling to Create Homes

Northern Trust is pleased to confirm that it has completed the sale of a 3.94 acre land site off Garstang Road in Pilling, near Poulton-le-Fylde to Create Homes.

Northern Trust successfully gained outline planning consent on the site for up to 40 new homes, and following completion of the reserved matters application the sale has now been finalised.

Stephen Glenn, Land Executive at Northern Trust commented “We have worked closely with Create Homes and Wyre Borough Council on bringing this site forward for future development, and we are now looking forward to seeing this exciting new scheme come to life.”

The new Create Homes development St. William’s Gate, Pilling will contain 37 units in a mix of quality detached and semi-detached 2, 3, & 4 bedroom properties.

The project follows on from the successful completion of Create Homes’ first two sites – Ash Meadows and St Petersfield’s, Inskip – near Preston. Just a short drive from the coast, the development is planned to include a mix of the company’s popular & spacious house types such as The Rossall and The Stalmine, as well as The Brock – a new 4 bedroom house type, which extends their portfolio.

To read the full press release please click here.