Northern Trust has acquired the 45,724 sq ft Tetron Point (Plot 2, Zone1) in Swadlincote.
The property is located on the Tetron Point development and comprises 2 terraces of modern industrial units. The multi-let estate is situated west of Swadlincote, approximately 4 miles south east of Burton upon Trent and 10 miles south of Derby. There are a range of unit sizes from 3,801 sq ft up to 13,881 sq ft.
In the last 12 months, Northern Trust has added over 500,000 sq ft to its portfolio through new acquisitions in Wigton, Blackpool, Warrington, Cannock and various locations across Scotland.
The Northern Trust portfolio now extends to over 7.7m sq ft in c 200 industrial, trade counter and office parks which extends from the South Midlands to the central belt of Scotland and is actively managed by their in-house surveying practice Whittle Jones Asset Management.
Tom Parkinson, Director at Northern Trust commented “This acquisition complements our existing ownership in the North Midlands area. The acquisition is part of an on-going strategy to acquire/develop multi-let commercial property assets and provide flexible solutions to SMEs and the wider business community, providing an opportunity to expand and relocate within our portfolio.”