NORTHERN TRUST GETS ITS WISH WITH EXCELSIOR PARK ACQUISITION

21st September 2017

Northern Trust (www.northerntrust.co.uk) is pleased to announce that it has expanded its Scotland portfolio with the acquisition of Excelsior Park in Wishaw, Motherwell.

The modern multi-let industrial and trade counter estate totals 109,523 sq ft and is split into 11 units with occupiers including, Howden Joinery and Siemens plc. Excelsior Park is only 2.5 miles from Motherwell town centre and adds to Northern Trust’s existing portfolio in Scotland. Tom Parkinson, Director at Northern Trust commented “The 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 which we will look to add to further. 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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