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.”