Press

NORTHERN TRUST EXPANDS CUMBRIA PORTFOLIO WITH WIGTON ACQUISITION

12th July 2018

Northern Trust (www.northerntrust.co.uk) is pleased to announce that it has acquired the 23,995 sq ft Western Bank Industrial Estate in Wigton

Western Bank Industrial Estate is a modern multi-let industrial scheme, situated on the western edge of Wigton, 12 miles from Carlisle. Developed in phases the property comprises 13 units within 4 blocks, with individual units ranging in size from 760 sq ft up to 5,860 sq ft.

In the last 12 months, Northern Trust has added almost 500,000 sq ft to its portfolio through new acquisitions in Blackpool, Warrington, Cannock and various locations across Scotland. The Northern Trust portfolio now extends to over 7.7m sq ft in c 200 industrial, trade counter and office parks which extends from the South Midlands to the central belt of Scotland and is actively managed by their in-house surveying practice Whittle Jones Asset Management.

Tom Parkinson, Director at Northern Trust commented “This acquisition complements our existing portfolio across Cumbria, which now extends to over 425,000 sq ft across the region. This purchase forms part of an on-going strategy to acquire/develop multi-let commercial property assets and provide flexible solutions to SMEs and the wider business community, providing an opportunity to expand and relocate within our portfolio.”

Western Bank Industrial Estate will be managed by the Whittle Jones North West office. For current availability or more details on the scheme please contact Whittle Jones North West on 01257 238666 or email northwest@whittlejones.co.uk

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