Northern Trust rebrands estate following refurbishment works

Northern Trust has rebranded Tetron Point (Plot 2, Zone 1) at Swadlincote which it purchased back in July last year following a refurbishment program.

The 45,724 sq ft estate will now be known as Orbit Business Park, situated on Alfred Eley Close.

The refurbishment works has incorporated splitting the estate back into 6 individual units following vacation of the former tenant who occupied the site as a whole. The division now means that the estate, which is actively managed by Northern Trust’s in-house surveying practice Whittle Jones Asset Management; offers a range of unit sizes from 3,801 sq ft up to 13,881 sq ft.

Richard Suart, Regional Property Manager at Whittle Jones Midlands office said: “By rebranding this estate to Orbit Business Park, we have given the scheme its own identity, and coupled with the sub-division works we are confident it will attract new or existing occupiers looking to relocate to the area.”

Paul Rushton, Director at Rushton Hickman Ltd, joint lettings agents on the scheme added “We are pleased to be instructed jointly with LSH by Northern Trust and this development offers an excellent opportunity for businesses to rent good quality industrial/warehouse units in Swadlincote. The varying size of units and the opportunity for them to be combined is likely to appeal to a range of different occupiers.”

Matthew Tilt, Director at Lambert Smith Hampton, also joint agents on the scheme said “Units of this size and quality are few and far between in the region with many Landlords of Industrial estates reporting very low vacancy levels. The units are immediately available on flexible Lease terms and we fully expect there to be strong early interest from occupiers”.