Northern Trust completes acquisition | North West Real Estate News



Northern Trust has completed the acquisition of two detached units in Barrow, adding approximately 37,000 square feet to its existing property at Furness Business Park.

The company already owns the 13,215 square foot Furness Gate office building and the adjacent 70,171 square foot Furness Business Park.

The additional units will bring Barrow’s total square footage to over 120,000 square feet.

Tom Parkinson, Director of Northern Trust, said: “The strategic acquisition of Furness Business Park Units 3 and 10 has given us the opportunity to expand our North West portfolio and our retail space offering in Barrow.

“We have expanded our industrial portfolio through new acquisitions and developments with an ongoing strategy of acquiring and developing quality multi-tenant industrial assets to support the SME community. Currently, our portfolio supports over 20,000 jobs across the UK.”

Furness Business Park is actively managed by Whittle Jones, Northern Trust’s in-house management company.

Nick Hemmings, Regional Property Manager at Whittle Jones North West, added: “The recent acquisition of Northern Trust is a great addition to an already well-established portfolio in Cumbria, which now covers 680,000 square feet of industrial space. and commercial multi-tenant buildings, among a growing portfolio of over eight million square feet in England and Scotland. »