Northern Trust Invests Over £1.5 Million in Consett’s Number One Industrial Place for Business

Northern Trust has invested over £1.5 million in its Number One Industrial Estate in Consett. Over the last 18 months they have acquired an additional 49,124 sq ft of space purchased from long leasehold interests and undertaken a substantial refurbishment programme on Blocks 14 & 15, and Units 32A & B.

Barry Nelson, Regional Property Manager at Whittle Jones North East, managing agents on the estate commented “Following a phased refurbishment on Units 14A-F we secured two lettings to Thomas Swan & Co Ltd and CAV Ice Protection Ltd. Refurbished accommodation is currently available in sizes ranging from 5,113 sq ft to 23,474 sq ft. In addition works to Block 15 has seen the space opened up with the demolition of a small front extension and internal two storey office space, resulting in flexible space capable of sub-division from 5,000 sq ft up to 35,000 sq ft. The investment by Northern Trust will benefit the local and regional workforce by creating a range of units which are ideal for small and medium sized businesses looking to relocate or expand in the area.”

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