Press

NORTHERN TRUST SCORES A HAT TRICK WITH THIRD ACQUISITION

17th October 2017

Northern Trust (www.northerntrust.co.uk) is delighted to announce its third recent acquisition in Scotland.  Northern Trust has acquired 150,106 sq ft at Westfield North Courtyard in Cumbernauld. This acquisition comes on the back of the company’s latest announcements of their other purchases of Excelsior Park in Wishaw, Motherwell and Lochside Court in Dumfries.

Westfield North is located within the popular Westfield Industrial area, accessed from Junction 3 of the M73 the estate provides excellent links to the wider region. The modern multi-let industrial estate comprises 22 units arranged over five blocks around two central courtyard areas. 

Tom Parkinson, Director at Northern Trust commented “This acquisition is part of an on-going strategy to acquire/develop multi-let industrial assets that will form the core of a long-term portfolio holding in Scotland. Over recent weeks we have already added over 280,000 sq ft to our Scottish portfolio, and we continue to look for further opportunities. We are particularly interested in locations within central Scotland, close to major conurbations and the motorway networks and our aim is to provide a high quality industrial and office product suitable to both SMEs and larger companies.

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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Notes to Editors:

Press Enquiries; Northern Trust/Whittle Jones: Rosalyn Godsmark, 01257 238555 or rgodsmark@lyntonhouse.com

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