Northern Trust Makes Strategic Portfolio Acquisition in Yorkshire

We are pleased to announce that we have completed the acquisition of a multi-let 312,355 sq ft portfolio in Yorkshire comprising 267,655 sq ft of industrial and 44,700 sq ft of offices. Many of the assets have been recently constructed, with 45,000 sq ft due to complete in October. The portfolio includes 7 assets with 71 individual units located throughout Doncaster and Barnsley, and will add c £2.1m pa to the Northern Trust portfolio.

Nexus (Capital Park), Barnsley

Tom Parkinson, Director at Northern Trust commented “It is not often a portfolio of this quality is brought to the market and we are delighted to expand our offering to the growing SME Yorkshire market. We have been expanding our industrial portfolio through new acquisitions and developments with an on-going strategy to acquire and develop quality multi-let industrial assets to support the SME business community. Currently our portfolio supports over 20,000 jobs across the UK.”

To read the full press release please click here. 

 

Northern Trust’s Strategic Lane Team Enjoys Successful 12 Months

The Strategic Land team at Northern Trust has enjoyed a successful 12 months, finishing the financial year off strongly with completions on five residential land sales including sales to Vistry, Gleeson & Bellway which will see the delivery of over 1,000 new homes. During the year, the team has also secured new promotional sites with a mixture of PLC’s and Private landowners for over 1,000 acres.

Looking forward, the team is actively working on a further ten, live mixed used planning applications with the potential to deliver another 3,000 homes alongside employment space in the next 12 months.

Northern Trust is one of the most successful and long established land promotion company’s in the Country, with a land bank of over 5,000 acres, and is actively looking for further residential and commercial land opportunities to purchase or promote throughout the UK.

To read the full press release please click here. 

Northern Trust Secures Sale of Housing Site at Gedling to Miller Homes

Northern Trust Company Ltd is pleased to confirm that, working alongside the landowner, they have completed the sale of a 10 acre site in Gedling, Nottingham to Miller Homes.

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. Northern Trust secured planning permission for the site and worked alongside MLPL on the marketing process through to disposal.

The site which is located off Burton Road was granted outline planning permission for up to 120 new homes by Gedling Borough Council earlier this year. 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.

To read the full press release please click here. 

Northern Trust Acquires 31,000 sq ft Industrial Estate in Tamworth

We are pleased to announce that we have completed the acquisition of a multi-let 31,000 sq ft industrial estate in Tamworth

Tame Valley Industrial Estate, located just south of Tamworth comprises of 6 units and is currently fully occupied.

Tom Parkinson, Director at Northern Trust commented “We have been expanding our industrial portfolio through new acquisitions and developments; and this latest acquisition offers good quality industrial space which will complement our existing estates in the Midlands. 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 supporting over 20,000 jobs across the UK.”

This latest acquisition follows on from Northern Trust’s recent announcement of the purchase of two estates in Scotland covering over 40,000 sq ft, and 146,000 sq ft portfolio in the North East.

Northern Trust’s portfolio in the Midlands now extends to over 1.3m sq ft in 31 separate locations and over 950 individual units / office suites. Tame Valley Industrial Estate will be actively managed by Northern Trust’s in house managing agents, Whittle Jones.

Richard Suart, Regional Property Director at Whittle Jones Midlands added “With the recent increased occupier demand and extremely low voids in the portfolio, particularly over the last 12 months, we have been looking for estates that expand the portfolio into areas where we don’t currently serve to further offer new space to occupiers when available.  When Tame Valley Industrial Estate was put to us it was clear this added another quality asset to our portfolio along the M42 corridor with good asset management angles.”

To read the full press release please click here. 

Northern Trust Acquires 20,000 sq ft Industrial Estate in Glenrothes

Northern Trust is pleased to announce that they have completed the acquisition of a 20,000 sq ft industrial estate in Glenrothes.

The estate, located at Rutherford Road on the established Southfield Industrial Estate is currently fully occupied to Eurospray Ltd.

Tom Parkinson, Director at Northern Trust commented “We have been expanding our industrial portfolio through new acquisitions and developments; and this latest acquisition offers good quality industrial space which will complement our existing estates in Scotland. 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 supporting over 20,000 jobs across the UK.”

This latest acquisition follows on from Northern Trust’s recent announcement of the purchase of the 20,537 sq ft multi let industrial estate at Whistleberry Park in South Lanarkshire, and ahead of the completion of their new 28,413 sq ft multi-let industrial development at Turnhouse Court, Newbridge.

To read the full press release please click here.

 

Work Starts on New £3 Million Industrial Development in Rochdale

Northern Trust is pleased to confirm that construction of their new 26,500 sq ft industrial development in Rochdale has commenced.

The new development at Sandbrook Business Park will add 11 workshop / industrial units and 3 hybrid business units. The workshop / industrial units will be arranged in two facing terraced blocks with units ranging in size from 550 – 2,215 sq ft; whilst the hybrid / business units will be split into two semi-detached units of 3,250 sq ft and a standalone unit of 5,164 sq ft.

The new development will complement Northern Trust’s existing ownership at the Park which provides 18,454 sq ft of modern office accommodation, split into 3 detached 2 storey buildings.

To read the full press release please click here.

Northern Trust Completes Sale of 76 Acre Site in Telford to Vistry Group

Northern Trust is pleased to confirm that they have completed the sale of a 76 acre site to Vistry Group, facilitating the delivery of 450 homes in Telford.

Northern Trust entered into a promotion agreement with the landowners in 2013 following which the site, located within the open countryside to the east of Telford, has been subject to an extensive planning strategy, resulting in the grant of outline planning permission in November 2017 for up to 450 new homes, retail floor space, a public house, open space and associated landscaping.

Northern Trust and Vistry have since worked collaboratively on the reserved matters application and the discharge of relevant conditions, with Vistry securing reserved matters planning permission for 450 dwellings in March 2021.

To read the full press release please click here.

Northern Trust Completes Sale of Land at Louth to Gleeson

Northern Trust is pleased to confirm that they have completed the sale of a 24 acre site in Louth to Gleeson.

The site is situated off Brackenborough Road in Louth and comprises land partly owned by Northern Trust and partly by a local landowner. Northern Trust has been working in partnership with the landowner since 2016.

Proposed Layout

The site benefits from an allocation on part of the site for 129 dwellings, with the remainder in open countryside. In December 2018 Northern Trust secured outline planning permission for up to 171 new home and Fisher German subsequently marketed the site for sale. Following an extensive marketing campaign Gleeson was selected as the preferred developer.

In March 2021 Gleeson secured detailed planning permission for 237 dwellings alongside significant highways improvements, a children’s play area, extensive public open space, enhancements to the Round Louth Walk, landscaping and wider infrastructure.

To read the full press release please click here. 

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.