We are pleased to announce the acquisition of 2 estates at North Seaton Industrial Estate, Ashington and Glover Industrial Estate in Washington adding circa 40,000 sq ft to our portfolio. The acquisitions take our ownership to 78,718 sq ft in 26 units at Ashington and 47,925 sq ft in 16 units at Washington.
North Seaton Industrial Estate
Glover Industrial Estate
Tom Parkinson, Director at Northern Trust commented “These acquisitions enable us to improve the range of unit sizes at two of our existing locations in the North East as we continue to expand our industrial portfolio through strategic multi-let acquisitions and developments supporting the SME business community. Currently our portfolio supports in the region of 25,000 jobs across the UK.”
North Seaton Industrial Estate is positioned in a well-established business location in Ashington, only 15 miles north of Newcastle. There is currently only 1 unit available on the estate which is a newly refurbished warehouse unit of 9,958 sq ft.
Glover Industrial Estate is also located in an established business location in Washington and benefits from good transport links with the A1231 linking to the A1(M) and A19 providing access to the wider region. Glover Industrial Estate is currently fully occupied.
The newly acquired premises will be actively managed by Northern Trust’s in house management company, Whittle Jones. The North East regional portfolio covers circa 3 million sq ft in over 1,300 individual units.
To read the full press release please click here.
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