Press
NORTHERN TRUST ACQUIRES 34,390 SQ FT MULTI-LET INDUSTRIAL SCHEME IN PERTH
20th September 2018
Northern Trust (www.northerntrust.co.uk) is pleased to announce that it has acquired the 34,390 sq ft Acorn Business Centre in Perth.
The property is located within the North Muirton Industrial, 2 miles North of Perth City Centre in an established industrial, trade and commercial location. The multi-let industrial / trade estate comprises of 19 units which range in size from 508 sq ft up to 13.650 sq ft.
In the last 12 months, Northern Trust has added over 500,000 sq ft to its portfolio through new acquisitions, with circa 350,000 sq ft located across Scotland, including estates in Motherwell, Dumfries and Cumbernauld. Northern Trust’s portfolio now extends to over 7.7m sq ft in c 200 industrial, trade counter and office parks which extends from the South Midlands to the central belt of Scotland and is actively managed by their in-house surveying practice Whittle Jones Asset Management.
Tom Parkinson, Director at Northern Trust commented “This acquisition complements our existing ownership in Scotland and forms part of an on-going strategy to acquire/develop multi-let industrial assets to support the SME business community across Scotland’s Central Belt.
Acorn Business Centre will be managed by the Whittle Jones Scotland office. For current availability or to arrange a viewing please contact Whittle Jones on 0131 220 4844 or email Scotland@whittlejones.co.uk.
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