Northern Trust has acquired three industrial sites from Halton Council in Widnes and Runcorn, totalling 85,000 sq ft across 45 units.
The portfolio, purchased for an undisclosed price, consists of multi-let, small industrial units at Oldgate and Marshgate within St Michaels Industrial Estate in Widnes, and Dewar Court at Astmoor in Runcorn. The units range from 750 sq ft to 6,000 sq ft.
Northern Trust is a long-term property investor, with an existing portfolio comprising more than 200 industrial, trade and office parks, and 3,600 individual units. Northern Trust has said the new assets will be proactively managed and any refurbishment works will be in line with the ongoing planned maintenance programme.
The portfolio will be managed by Northern Trust’s in-house surveying practice, Whittle Jones Chartered Surveyors, which has offices in Chorley, Birmingham, Wakefield and Newcastle.
Tom Parkinson, director at Northern Trust, commented: “We have been long-term investors in the Halton Borough and are pleased to have secured this acquisition which complements our existing ownership in the region. We continue to look for opportunities to grow our portfolio in all our trading regions across the Midlands, North West, North East, Yorkshire and Scotland.”