NORTHERN TRUST EXPANDS PORTFOLIO WITH NEW 16,000 SQ FT ACQUISITION IN CANNOCK
25th August 2011
Northern Trust has secured the acquisition of Octagon Business Park in Cannock, adding 15,793 sq ft to their portfolio.
Northern Trust’s existing property portfolio is in excess of 8 million sq ft of industrial/trade and office parks, and the latest purchase on West Street; Cannock comes on the back of the company’s announcement of its plans to start development work on a new 80,000 sq ft industrial/office scheme in St Helens.
Octagon Business Park
is a modern multi-let industrial estate, situated in a high profile location fronting onto the A34 Walsall Road with close proximity to the Orbital Plaza traffic island in Cannock. The estate comprises six units arranged as a single terrace in addition to Octagon House.
Tom Parkinson, Director at Northern Trust commented “We are pleased to announce the acquisition of Octagon Business Park, Cannock adding to our presence in the Midlands region. The estate will be managed by our in-house managing agents, Whittle Jones Midlands who celebrated their 10 year anniversary earlier this year and already run Northern Trust’s existing 1.4 million sq ft portfolio in the Midlands.”
Octagon Business Park is ideally located close to Cannock Town Centre with access to the M6 less than 2 miles away. The estate provides excellent communication links with Birmingham to the south east, Wolverhampton to the south west and Manchester to the north. Individual unit sizes range from 1,314 sq ft to 2,602 sq ft.
For further details on the scheme please contact the managing agents, Whittle Jones Midlands on 0121 523 2929 or visit www.whittlejones.com
for more information.
- End –
Press Enquiries to Rosalyn Booth/Jonathan Livesey, Northern Trust, 01257 238555.