NORTHERN TRUST ANNOUNCES SALE OF LEICESTER ESTATE

21st November 2017

Northern Trust has announced the sale of its Faircharm Trading Estate in Leicester to MAP Property Investments Ltd for an undisclosed fee.

The estate which is located 2 miles south west of Leicester, just off the A5460 Narborough Road; sits on a site area of approximately 3.09 hectares (7.65 acres) is split into two parts by the River Soar. A resolution to grant outline planning consent subject to completion of the S106, on the west part of the site was secured which would have left 126,297 sq ft of residual employment space.

Tom Parkinson, Director at Northern Trust commented; “The sale of this older, non-core asset allows us to re-invest in modern long-term acquisitions which will benefit our SME customer base.”

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