Northern Trust adds to portfolio with purchase of three estates
Northern Trust has acquired around 50,000 sq ft of multi-let industrial space in Leyland, for an undisclosed sum.
The three estates consist of two courtyard schemes at Peregrine Place and Osprey Place, and an individual unit at Marathon Place.
The schemes are located in the established Moss Side Employment Area of Leyland.
Tom Parkinson, director at Chorley-based Northern Trust, said “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 ongoing 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.”
Nolan Redshaw Surveyors from Bury negotiated on the purchase and Paul Nolan, director, said: “The properties offer good quality accommodation, with some excellent occupiers.
“We are pleased to have instigated the purchase, having been involved in the negotiation process, all the way through to successful completion.”
The three sites in Leyland will be actively managed by Northern Trust’s in-house managing agents, Whittle Jones.
The North West portfolio now totals more than 2.5 million sq ft across 75 estates.
The assets are located throughout Lancashire, Cumbria, Merseyside, Cheshire and Greater Manchester and provide more than 1,100 units of predominantly industrial/workshop space.
