Press
NORTHERN TRUST ACQUIRES NEW ESTATE IN DUMFRIES
11th October 2017
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, 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.”
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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