Property firm expands portfolio with two more acquisitions
Northern Trust, the Chorley-based property company, has completed the acquisition of two estates at Sefton Business Park, Aintree, Liverpool, and Raynesway Park in Derby., for an undisclosed sum.
This adds approximately 78,000 sq ft to the portfolio.
Northern Trust already owns 33,269 sq ft of space at Sefton Business Park and 29,980 sq ft at Raynesway Park. The additional units will take the total floor area at Sefton to circa 75,000 sq ft and more than 66,000 sq ft at Raynesway.
Tom Parkinson, Northern Trust director, said “The strategic acquisition of the estates at Sefton Business Park and Raynesway Park has provided us with the opportunity to improve the range of unit sizes at both locations as we continue to our industrial portfolio through new multi-let acquisitions and developments to support the SME business community.
“Currently our portfolio supports over 20,000 jobs across the UK.”
Sefton Business Park is positioned in a well established business location in Aintree, five miles from Liverpool city centre. Northern Trust developed its existing ownership at the site in 2006, which provides a range of high quality multi-let units from 997 sq ft upwards.
Raynesway Park is also located in an established business location in Derby and benefits from good transport links with junction 25 of the M1 less than 10 minutes’ drive away. Units at Raynesway range from 4,681 sq ft.