Northern Trust Company grows with £5 million deal

A commercial property firm has completed a £5 million expansion.

Northern Trust Company has bought South Nelson Industrial Estate.

Bosses say the 46,683sq ft site, based in Cramlington, Northumberland, will “enhance its ability to meet growing demand for quality space”.

The business – which already owns the nearby Nelson Park Industrial Estate – was  supported by commercial property agent Naylors Gavin Black on the deal, which takes its total ownership in Cramlington to about 300,000sq ft across 100 industrial units.

Barry Nelson, Northern Trust Company’s regional property director in the North East, said: “South Nelson Industrial Estate is well-established and has excellent connectivity, making it an ideal addition to our portfolio. 

“We look forward to managing and developing relationships with existing occupiers.”

Chris Donabie, partner at Naylors Gavin Black, acted for Northern Trust Company on the deal.

He added: “We identified the industrial asset had potential to complement Northern Trust’s nearby Nelson Park Industrial Estate and managed to secure it in an off-market deal.” 

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