Press
NORTHERN TRUST ACQUIRES AGAIN IN WISHAW, MOTHERWELL
28th November 2017
Northern Trust (www.northerntrust.co.uk) is pleased to announce that it has acquired an additional 4 units at Excelsior Park totalling 30,054 sq ft. The new acquisition takes the company’s ownership at Excelsior Park to circa 150,000 sq ft.
Northern Trust has in recent months announced a number of acquisitions in Scotland as it continues in its plans to expand its Scottish portfolio which now covers over 360,000 sq ft in 70 units.
The new units which range in size from 5,388 sq ft up to 11,003 sq ft form part of the well-established Excelsior Park and sit adjacent to Northern Trust’s existing ownership. The scheme is situated 5 minutes’ drive from Wishaw town centre and 2.5 miles from Motherwell town centre. Wishaw is located within North Lanarkshire, approximately 12 miles south east of Glasgow and 33 miles west of Edinburgh. The town benefits from excellent communication links, with access to the M74 motorway via Junction 6 and access to the M8 motorway via the A73. Originally developed as an Enterprise Zone, in recent years Excelsior Park has grown into a well-established industrial and trade counter location.
Tom Parkinson, Director at Northern Trust commented “This acquisition complements our existing ownership at Excelsior Park. 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.”
Northern Trust’s existing property portfolio comprises more than 200 individual industrial, trade and office parks, and over 3,600 individual units. The portfolio is actively managed by Northern Trust’s in-house surveying practice, Whittle Jones Chartered Surveyors (www.whittlejones.com), who have regional offices in Birmingham, Chorley, Wakefield, Newcastle and Grangemouth.
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