Trade park acquired as investor seeks to beef up its Yorkshire portfolio

Northern Trust Company has acquired Wheatley Hall Trade Park, in Doncaster, for £7.85m.

The multi-let trade park totals 49,282 sq ft across 12 units, with sizes ranging from 2,470 sq ft to 5,164 sq ft, offering a range of modern business space.  

This deal marks the third major purchase by Northern Trust in recent months, following its acquisitions of South Nelson Industrial Estate in Cramlington and Brighouse Business Park in Middlesbrough.

It also strengthens Northern Trust’s Yorkshire portfolio, which now extends to over 1.2 million sq ft across more than 520 individual units.  

The addition of Wheatley Hall Trade Park further supports Northern Trust’s strategic expansion across the UK, with the portfolio now exceeding nine million sq ft across more than 4,000 units, supporting over 25,000 jobs nationwide.  

Jonathan Houghton, property portfolio executive at Northern Trust, said: “We are extremely pleased to have added Wheatley Hall Trade Park to our growing portfolio.

“Its prime location on a key arterial route and its proximity to our existing Crompton Business Park makes it a perfect fit for our strategic vision.

“This acquisition strengthens our footprint in Doncaster and enhances the flexible business space options we can offer to new and existing occupiers.

“This latest acquisition  underscores Northern Trust’s continued investment across key regional markets.”

Dan Hodge, regional property director at Northern Trust, added: “Wheatley Hall Trade Park is a high-quality asset that complements our existing properties in  Yorkshire.

“The estate’s modern units and excellent transport links make it an attractive location for a wide variety of trade operators.

“We are committed to supporting local economic growth by continuing to provide adaptable business space.”  

Richard Gale, partner at Allsop LLP, acted for Northern Trust on the acquisition.