Press
NORTHERN TRUST ACQUIRES MULTI-LET INDUSTRIAL ESTATE IN SCUNTHORPE
10th November 2016
Northern Trust (www.northerntrust.co.uk) is pleased to announce the acquisition of Eastgate Park at Queensway Industrial Estate, Scunthorpe. It comprises a 68,658 sq ft multi-let industrial estate is split into 12 units ranging in size from 2,215 sq ft up to 15,558 sq ft and adds to Northern Trust’s UK portfolio.
Tom Parkinson, Director at Northern Trust confirmed that Northern Trust had looked at a number of opportunities recently to extend their Yorkshire / Lincolnshire portfolio, and was pleased to have added a modern, well-let estate close to Scunthorpe town centre and with easy access to the motorway network.
Following this latest acquisition, Northern Trust's Yorkshire portfolio now covers almost 1 million sq ft and is valued at over £45 million.
Tom commented “We continue to look for opportunities to grow our portfolio in all our trading regions across the Midlands, North-West, North-East, Yorkshire and Scotland. 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 the Birmingham, Chorley, Wakefield and Newcastle”.
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