Cumbria Commercial Investment Portfolio Acquired by Northern Trust

Northern Trust has acquired two industrial estates and an office scheme totalling around 70,000 sq ft in Cumbria and, as part of the same deal, have sold their half of a Cleator Moor industrial estate in the county. The new assets comprise around 55 good quality industrial and office units, increasing Northern Trust’s Cumbrian portfolio to 17 industrial estates and office schemes, providing 208 units and around 559,000 sq ft of business space suitable for a wide range of small and medium sized enterprises. Included in the deal is the Daltongate Business Centre in Ulverston, south Cumbria (pictured).
Northern Trust’s existing property portfolio is in excess of 8,000,000 sq ft of industrial/trade and office parks and they have more than 2,000 acres of land under ownership throughout the midlands and north of England with 1.5 million sq ft developed in-house for retention in the portfolio.
Peill & Company are currently acting on behalf of Northern Trust on properties available in Barrow in Furness, Cockermouth, Longtown, Maryport, Workington and Egremont. The units range in size from around 500 sq ft to over 40,000 sq ft. Further details on the available units can be obtained from Simon Adams on simon@peill.com.