Press
NORTHERN TRUST ADDS BLACKPOOL ESTATE TO PORTFOLIO
20th September 2017
Northern Trust (www.northerntrust.co.uk) is pleased to announce that it has acquired Clifton Trade Park in Blackpool. Northern Trust, advised by B8 Real Estate purchased the site from Murphy Young (advised by GVA).
The modern multi-let industrial estate totalling 34,479 sq ft comprises a mixture of industrial/trade counter units and studio office suites, located at the end of the M55, close to the A5230 and junction 4 of the motorway.
John Burrows of B8 Real Estate said “The estate has a good occupancy record with many long-standing occupiers, demonstrating both the quality of the accommodation and strength of the location, with excellent access to both the M55 and Blackpool town centre. ‘We have recently released our bi-annual Market Report, which shows continued occupier demand across the SME market, as a continued lack of supply has resulted in low void rates and increased rental levels across the region.”
The new estate bolsters Northern Trust’s portfolio in Blackpool, who already own Blackpool & Fylde Industrial Estate covering 69,140 sq ft. Tom Parkinson, Director at Northern Trust commented “We have been long term investors in the Blackpool & Fylde area and, with the planned growth of the town at Junction 4 of the M55 this is an excellent addition to our existing portfolio. 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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