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News - 10/10/2018

LSH markets rebranded Orbit Business Park in Swadlincote

We have been instructed to find occupiers for a range of six vacant industrial units at the rebranded Orbit Business Park after completing the sale of the site to Northern Trust Company Limited

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The national commercial property consultancy, working on behalf of an unnamed private investor, completed the sale of the units formerly known as Plot 2, Zone 1 at Tetron Point, Swadlincote.
 
The property, located on the Tetron Point development comprises two terraces of modern industrial units. The multi-let estate is situated west of Swadlincote, approximately four miles from Burton upon Trent and 10 miles from Derby. Unit sizes range from 3,801 sq ft up to 13,881 sq ft.

Matt Tilt, industrial agency director at LSH, said: “We were initially instructed to sell the properties at Tetron Point and were delighted to complete the sale to Northern Trust.

“Northern Trust has now instructed LSH and Rushton Hickman, alongside their in-house management company Whittle Jones, to jointly market the units to let and I am confident we will be able to secure occupiers at what is a well-established industrial location. Demand is high in the current market and these units are suitable for a range of uses.”

In the last 12 months, Northern Trust has added over 500,000 sq ft to its portfolio through new acquisitions in Swadlincote and Cannock in the Midlands, along with various locations across the North West of England and 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.

Northern Trust is a privately owned company, established in 1962, with a successful track record in property investment, development, land management and regeneration.

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