Monthly Archives: October 2017

Northern Trust Announces Major Refurbishment Scheme at West Chirton

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Following confirmation of Northern Trust’s successful planning application to build up to 400 homes on the southern part of their West Chirton (South) Industrial Estate, the company has announced that it also plans to complete a major refurbishment of its industrial premises situated on the northern part of the site, adjacent to Tesco’s.

The estate is a former munitions building built in 1940 and now totals circa 70,000 sq ft. 25,000 sq ft of accommodation is to be subdivided into 5 separate units. The circa £1m investment into the estate will see the subdivided units benefit from a new roof, external cladding, loading / personnel doors and utility services together with full redecoration.

Two other blocks of units ranging from 580 sq ft up to 1,695 sq ft and totalling 20,169 sq ft will also benefit from a similar facelift to vastly improve the industrial offering in the area.

To read the full press release please click here. 

Northern Trust Scores a Hat Trick with Third Acquisition

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Northern Trust (www.northerntrust.co.uk) is delighted to announce its third recent acquisition in Scotland.  Northern Trust has acquired 150,106 sq ft at Westfield North Courtyard in Cumbernauld. This acquisition comes on the back of the company’s latest announcements of their other purchases of Excelsior Park in Wishaw, Motherwell and Lochside Court in Dumfries.

Westfield North is located within the popular Westfield Industrial area, accessed from Junction 3 of the M73 the estate provides excellent links to the wider region. The modern multi-let industrial estate comprises 22 units arranged over five blocks around two central courtyard areas.

Westfield North Acquisition

Westfield North Acquisition

Westfield North Westfield North

Tom Parkinson, Director at Northern Trust commented “This acquisition is part of an on-going strategy to acquire/develop multi-let industrial assets that will form the core of a long-term portfolio holding in Scotland. Over recent weeks we have already added over 280,000 sq ft to our Scottish portfolio, and we continue to look for further opportunities. We are particularly interested in locations within central Scotland, close to major conurbations and the motorway networks and our aim is to provide a high quality industrial and office product suitable to both SMEs and larger companies.

To read the full press release please click here. 

Northern Trust Acquires New Estate in Dumfries

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Northern Trust (www.northerntrust.co.uk) is pleased to announce that it has added to its Scotland portfolio with the acquisition of Lochside Court in Dumfries.

The new acquisition comes on the back of Northern Trust’s recent acquisition of Excelsior Park in Motherwell and adds a further 23,380 sq ft to their Scottish portfolio.

Lochside Court, Dumfries

Lochside Court, Dumfries

Lochside Court, forms part of the well-established Lochside Industrial Estate and comprises of 8 self-contained, modern industrial and trade counter terraced units.  The estate is set back from the A76 trunk road, which provides excellent links to the national road network of both Scotland and England. Tom Parkinson, Director at Northern Trust commented “The acquisition is part of an on-going strategy to acquire/develop multi-let industrial assets that will form the core of a long-term portfolio holding in Scotland which we are looking to expand further.”

To read the full press release please click here. 

More information about the Lochside Court can be found on the Whittle Jones website. 

Northern Trust Gets Planning Consent for Up to 400 Houses on West Chirton Site

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Northern Trust Company Ltd has announced that it has successfully gained outline planning permission for up to 400 houses on the southern part of their West Chirton (South) Industrial Estate in North Shields.

The outline plans include three new access junctions on Norham Road and a proportion of affordable housing. The site is ideally located being just 2 miles from North Shields town centre and only 7 miles from Newcastle City Centre.

A spokesperson for Northern Trust commented “We are pleased to have gained planning permission for regeneration of this derelict site, which will bring significant investment into the area and provide considerable benefit to the local community.”

Northern Trust has appointed Knight Frank to market the site to prospective house builders.

To read the full press release please click here.