Northern Trust acquires Leyland sites

Northern Trust has acquired 50,000 sq ft of multi let industrial space in Leyland.

The three estates consist of two courtyard schemes at Peregrine Place and Osprey Place, and an individual unit at Marathon Place.

They will be managed by Northern Trust’s in house managing agents, Whittle Jones, and take the company's North West portfolio to more than 2.5 million sq ft across 75 estates.

Tom Parkinson, director at Northern Trust, said: "We have been expanding our multi-let industrial portfolio through new acquisitions and developments and this latest acquisition offers good quality industrial space which will complement our existing sites across the North West.

"This acquisition forms parts of our on-going strategy to acquire and develop multi-let industrial assets to support the SME business community, with our current portfolio housing in the region of 18,000 jobs."

Nolan Redshaw Surveyors negotiated on the purchase.

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