Northern Trust Adds 37,000 sq ft at Barrow

We are pleased to announce that we have completed the acquisition of 2 detached units in Barrow adding circa 37,000 sq ft to their existing ownership at Furness Business Park.

Northern Trust already own the 13,215 sq ft Furness Gate office building and adjacent 70,171 sq ft Furness Business Park. The additional units will take the total floor area at Barrow to over 120,000 sq ft.

Tom Parkinson, Director at Northern Trust commented “The strategic acquisition of units 3 at 10 at Furness Business Park has provided us with the opportunity to expand our North West portfolio and business space offering in Barrow.  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 Completes Sale if Site at Burton Joyce to Local Developer

Northern Trust Company is pleased to announce that it has successfully completed the disposal of a 1.7 acre site in Burton Joyce, Nottingham via Savills Nottingham Development Team to a local developer.

Outline planning consent was granted by Gedling Council for 15 new homes on the 1.7 acre site, located off Orchard Close.

Illustrative Layout

Mike Grindrod, Director at Northern Trust commented “We are absolutely delighted that all of the hard work of the team has delivered this strategic site and concluded the sale to a local Derby based house builder.”

Ann Taylor, development director at Savills Nottingham, who led on the sale, said: “After the pandemic-related challenges experienced in 2021 it is great to see this site sold to local developer, NA Homes who will deliver niche new homes into this buoyant housing market, with a sales launch towards the end of 2022 to early 2023.”

Freeths Managing Associate Louise Mee acted for the private landowners in this sale with Donna Fraser Associate at Geldards LLP acting for the buyer to ensure a successful completion. 

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. If you are a landowner and want to maximise the value of your land either on a sale or promotional basis, then please contact a member of our team to discuss.

To read the full press release please click here. 

Northern Trust Launch New 29,000 sq ft Estate in Newbridge

We have officially launched the first phase of our new industrial development, Turnhouse Court in Newbridge.

Turnhouse Court provides 14 industrial units totalling 29,044 sq ft; with units ranging in size from 1,089 sq ft up to 4,175 sq ft. The units are arranged 3 terraced blocks with the central block incorporating back to back units.

The high specification units have been constructed with each unit incorporating integral office space, as well as benefitting from dedicated parking directly outside the property and generous circulation space.

Turnhouse Court will be actively managed by Northern Trust’s in house managing agents Whittle Jones Scotland alongside Colliers as joint lettings agents.

Anne Maclaren, Regional Property Manager at Whittle Jones Scotland, commented “I am delighted that Turnhouse Court has officially launched, and with strong interest being shown in the available space, I hope we are also able to confirm our first couple of lettings in the very near future. This new development will complement Northern Trust’s existing ownership in Scotland; which now extends to over half a million sq ft of multi-let industrial and office accommodation in 13 locations containing over 130 individual units / office suites. Northern Trust has been steadily increasing their offering in Scotland through both new acquisitions and developments and are already working on plans for the next development site at Eilburn.”

Lewis Pentland, Director for Industrial and Logistics at Colliers added “Colliers are delighted to be working with Northern Trust on Turnhouse Court, which delivers much needed supply to the market. The tenancy agreements allow tenants immediate entry to units that suit their occupational needs.”

To read the full press release please click here. 

Northern Trust Completes Sale of Site at Great Eccleston to Duchy Homes

Metacre Ltd, a wholly owned subsidiary of Northern Trust Company is pleased to announce that it has successfully completed the disposal of their 35 acre site at Great Eccleston to Duchy Homes.

The site was master planned and promoted over a number of years which resulted in planning permission being secured for 350 new homes. The outline plans also included a new community hub with School, Medical Centre, Village Hall and shop together with 1 hectare of employment land.

Stephen Glenn, Land Director commented “We are absolutely delighted  that all of the hard work, diligence , innovation and skill of the team delivered  this complex project and worked tirelessly to conclude the sale to Duchy Homes. We wish them every success with development of this prestigious site.”

To read the full press release please click here. 

Planning Permission Granted for up to 100 New Homes in Wem

Northern Trust Company Ltd is pleased to announce that it has successfully gained outline planning permission via appeal for up to 100 new homes on a 15 acre site off on land at Lowe Hill Road, Wem.

Alongside 100 dwellings the development provides significant local benefits in the form of 10% affordable housing, public open space, community facilities and local highway improvements.

John Tootell, Strategic Land & Planning Executive at Northern Trust commented “We are delighted to have secured outline planning permission for this site. The project team, led by Andrea Caplan at Savills, have worked incredibly hard in what have been very challenging circumstances and we are thrilled the planning inspector concluded in favour of the development and allowed the appeal. This development will deliver an important allocation within the Shropshire Council SAMDev Plan, will provide much needed housing and affordable housing within Wem and will provide significant investment into the local area.

To read the full press release please click here. 

 

 

Northern Trust’s Land Team Expands

Following a successful end to 2021, Northern Trust’s strategic land team has kick started the New Year by expanding their team.

Edward Campbell has joined the company as Assistant Planner and will be covering planning applications across the UK and commented on his move “It’s a really exciting opportunity for me and everyone has made me feel very welcome.”

Nathan Houghton has also joined the team as Assistant Surveyor and added “I have had a very warm welcome from everyone so far and am very proud to be working for such a great company.”

From left to right: Edward Campbell & Nathan Houghton

To read the full press release please click here. 

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.