News: Northern Trust acquires Rotherham business park

Northern Trust, a company with a successful record in property investment, development and strategic land promotion, has acquired a Rotherham business park for close to £2m.

With a substansial portfolio that already includes Redwood Court in Dinington and Aspen Court in Templeborough, Chorley-based Northern Trust Company Ltd has announced the acquisition of Bradmarsh Court, also in Templeborough.

The 16,859 sq ft multi-let industrial estate comprises seven industrial units ranging from 1,570 sq ft to 5,642 sq ft and was acquired for £1.97m.

The acquisition of Bradmarsh Court further strengthens Northern Trust’s presence in the Yorkshire industrial market, providing flexible and well-located business space solutions for local and regional occupiers.

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Tom Parkinson, Director at Northern Trust, said: "We are delighted to add Bradmarsh Court to our growing portfolio demonstrating our ongoing commitment to expanding our property portfolio in Yorkshire and providing further opportunities for business growth in the region.”

Dan Hodge, Regional Property Director responsible for Yorkshire portfolio, added: "Bradmarsh Court is a well-established industrial estate with excellent connectivity, making it an ideal addition to our portfolio. With the diversity in unit sizes, we can cater to a wide range of businesses looking for flexible space to meet their operational needs. We look forward to managing and developing relationships with the existing occupiers on the estate."

Connor Rodgers, Associate at Capital Markets acted for the vendor.

Northern Trust’s current portfolio across the UK extends to circa 9 million sq ft in over 4,000 units and supports over 25,000 jobs.

Northern Trust website

Images: Google Maps

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News: More Dinnington units planned

Another 15,000 sq ft of commercial space is being planned for the regenerated area of Dinnington in Rotherham.

Northern Trust, a privately owned company with a successful track record in property investment, development, land management and regeneration, has submitted a planning application for three buildings on land it owns at Todwick Road / Bookers Way.

Plans show that the buildings could create seven new units located adjacent to existing industrial units, infilling gaps between those units.

The plans state: "The purpose of the development is to provide flexible, smaller scale accommodation, in a range of sizes, particularly to attract start-up and local businesses. It is therefore proposed that the use class of the buildings is for B1, B2 and B8 inclusive, in order to provide additional flexibility and to provide wider opportunity for local businesses."

Occupants are not yet known but the applicants believe that the new space could create 21 new jobs

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Northern Trust has already had considerable success in the Dinnington area. As reported by Rothbiz, its nearby 71,731 sq ft Todwick Road Industrial Estate became fully occupied earlier this year following a 14,000 sq ft letting to API who have moved into Unit 26 on the estate.

Eamonn Stones, senior surveyor at SMC Chartered Surveyors, agents acting on behalf of Northern Trust, said: "API are a welcome addition to the estate which is now fully let and highlights the strength of the location and its connections to the M1."

James Humphreys, management surveyor at Whittle Jones, Northern Trust's in house management company, added: "We have seen an increase in demand for space in Dinnington, and with the range of units on site coupled with the estates great location we have been able to secure five new lettings since July last year."

Northern Trust also own Redwood Court in Dinnington where there is only one unit currently vacant.

Northern Trust website

Images: Whittle Jones

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News: Aspen Court is fully occupied

Property company, Northern Trust has announced that their 95,000 sq ft industrial scheme at Aspen Court, Rotherham is now fully occupied.

The latest letting sees Skylite Packaging Ltd take a three year lease on a 1,588 sq ft unit.

Three other companies' have recently expanded their businesses and taken additional space on the estate. These include Bereco Ltd, a supplier of timber windows and doors, who have taken an additional lease of Unit 4 taking their total occupancy to 9,656 sq ft.

Award-winning energy saving specialists, EMSC UK, who originally occupied 4,149 sq ft have taken an additional 540 sq ft and APC Industrial Services Limited has also leased an additional unit and has increased their occupancy from 3,535 sq ft to 5,454 sq ft.

The Templeborough development is now home to 19 companies in 23 industrial / warehouse units. Northern Trust's portfolio covers over 227,800 sq ft in the Rotherham area, including the successful Redwood Court industrial park in Dinnington.

David Lee, Regional Property Manager for Whittle Jones, managing agents acting on behalf of Northern Trust said: "Aspen Court occupies a strategic location at Centurion Business Park, with excellent transport links. With high quality units and the ability to offer flexible tenancy agreements, the estate has attracted a range of new and existing businesses.

"We are pleased to have been able to accommodate a number of current occupiers in their business expansions by offering additional space. Aspen Court has proved a huge success and we are delighted to announce it being 100% let."

Neil Keally, Director at joint-agents Burgess Commercial in Rotherham added: "Aspen Court has certainly proved a popular estate during 2010, not only to businesses within Rotherham but also to existing businesses re-locating to larger premises within the estate.

"It's been encouraging to see the estate continue its success and return to being fully let. Aspen Court has certainly defied the general trend of difficult market conditions, assisted by continuing to appear an attractive and well-managed estate."

Northern Trust website
Burgess Commercial website

Images: northerntrust.co.uk

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News: Lettings secured at Redwood Court

Glass Reinforced Concrete (UK) Ltd has signed up for three units at the successful Redwood Court industrial park in Dinnington, Rotherham.

GRC UK are a specialist manufacturer and supplier of Glass Reinforced Concrete (GRC) construction products for use in architectural dressing, cladding, and rain screen applications.

The company has secured 23,000 sq ft on a five year deal at the modern industrial complex, developed by Northern Trust.

The letting comes on the back of a hat trick of lettings incluing Dinnington Comprehensive School, and Pick & Pack Services Ltd who acquired unit 6 (6,208 sq ft) and unit 5 (4,630 sq ft) respectively on five year lease agreements. Complete Retail Security Ltd has also agreed a three year letting of Unit 7 totalling 1,734 sq ft.

The £4.5m park has already attracted high-profile companies including Leamington Spa-based business communications and event management consultants Dobson White Partnership, print and design company 1 Click Print and high security products and services specialists EM Security.

Rebecca Schofield, agency and development associate at the Sheffield office of Knight Frank, said: "The Redwood Court project has met the criteria for many companies looking to both relocate in South Yorkshire and for those searching for a new, modern base.

"It has spurred on the renaissance in Rotherham and continued to foster the budding entrepreneurial spirit that has emerged in the region.

"The Redwood Court project offers high quality industrial and warehouse accommodation in a prime location. Having such a range of spaces offers flexibility, and this is demonstrated in the diverse range of tenants attracted to the site so far."

David Lee from property investment, development and land regeneration company Northern Trust, added: "Dinnington itself is already a proven business location, with nearby occupiers including Johnston Press, Manor Motorsport, Macalloy, Scomagg and Centrepac. Redwood Court continues to play an important role in our drive to regenerate this southern area of the borough."

Northern Trust website
GRC UK website
Rotherham

Images: northerntrust.co.uk

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