Units come to market at rebranded industrial park
Six vacant industrial units have been sold and rebranded in a deal brokered by Lambert Smith Hampton (LSH).
LSH has been retained to market the units at the rebranded Orbit Business Park.
The agency, working on behalf of an unnamed private investor, completed the sale of the units formerly known as Plot 2, Zone 1 at Tetron Point, Swadlincote. They range from 3,801 sq ft up to 13,881 sq ft.
Matt Tilt, industrial agency director at LSH, said: “We were initially instructed to sell the properties at Tetron Point and were delighted to complete the sale to Northern Trust.
“Northern Trust has now instructed LSH and Rushton Hickman, alongside their in-house management company Whittle Jones, to jointly market the units to let and I am confident we will be able to secure occupiers at what is a well-established industrial location. Demand is high in the current market and these units are suitable for a range of uses.”
In the last 12 months, Northern Trust has added over 500,000 sq ft to its portfolio through new acquisitions in Swadlincote and Cannock in the Midlands, along with various locations across the North West of England and Scotland. The Northern Trust portfolio now extends to over 7.7m sq ft in around 200 industrial, trade counter and office parks, which extends from the South Midlands to the central belt of Scotland.
