Press
NORTHERN TRUST ACQUIRES 20,000 SQ FT INDUSTRIAL ESTATE IN GLENROTHES
4th June 2021
Northern Trust is pleased to announce that they have completed the acquisition of a 20,000 sq ft industrial estate in Glenrothes.
The estate, located at Rutherford Road on the established Southfield Industrial Estate is currently fully occupied to Eurospray Ltd.
Tom Parkinson, Director at Northern Trust commented “We have been expanding our industrial portfolio through new acquisitions and developments; and this latest acquisition offers good quality industrial space which will complement our existing estates in Scotland. This acquisition forms parts of our on-going strategy to acquire and develop multi-let industrial assets to support the SME business community, with our current portfolio supporting over 20,000 jobs across the UK.”
This latest acquisition follows on from Northern Trust’s recent announcement of the purchase of the 20,537 sq ft multi let industrial estate at Whistleberry Park in South Lanarkshire, and ahead of the completion of their new 28,413 sq ft multi-let industrial development at Turnhouse Court, Newbridge.
Northern Trust’s portfolio in Scotland now covers over 500,000 sq ft in 12 locations, and extends from Dumfries, northwards to Wishaw, Cumbernauld and Perth, and eastwards to Grangemouth, Livingston and the west of Edinburgh.
The premises at Rutherford Road will be actively managed by Northern Trust’s in house managing agents, Whittle Jones.
For further details on the Scottish portfolio, please contact the Whittle Jones Scotland office on 0131 220 4844 or via email at scotland@whittlejones.co.uk
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