NORTHERN TRUST EXPANDS PORTFOLIO IN SCOTLAND WITH 5 ACRE ACQUISITION
10th August 2010
Northern Trust Company Limited is pleased to announce the completion of a 5 acre site on the Newbridge Industrial Estate from Murray Estates Ltd.
The acquisition is Northern Trust’s second acquisition in Scotland and the scheme will provide small high quality industrial units close to the M8’s intersection with the M9 and will compliment Northern Trust’s first industrial scheme in Grangemouth, which is now fully let.
Tom Parkinson, Director at Northern Trust commented “The acquisition underlines Northern Trust’s on-going strategy to acquire/develop assets that will form the basis of a long-term portfolio holding in Scotland, which will compliment our existing portfolio in the North of England and Midlands. We are particularly interested in locations within central Scotland, close to major conurbations and the motorway networks. Our aim is to provide a high quality office and industrial product for small and medium sized companies on flexible terms”
Northern Trust, established in 1962 is now one of the UK’s largest and most successful privately owned property investment, development and land regeneration companies with an existing property portfolio in excess of 8 million sq ft of industrial/trade and office parks and more than 5,000 acres of land under ownership/management throughout the UK. Over 2 million sq ft has now been developed in over 40 locations, and Northern Trust continues to expand through all three areas of its property business.
Northern Trust continues to seek opportunities for new investment, development, and regeneration projects throughout Scotland, North England and Midlands.
For further information on the new site at Newbridge Industrial Estate or to discuss the introduction of another investment/development opportunity please contact Tom Parkinson, Director at Northern Trust on 01257 238555.
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Notes to Editors: Press Enquiries to Rosalyn Booth/Jonathan Livesey, Northern Trust, 01257 238555.