Northern Trust has completed the acquisition of 2 detached units in Barrow adding circa 37,000ft² to their existing ownership at Furness Business Park. The company already own the 13,215ft² Furness Gate office building and adjacent 70,171ft² Furness Business Park. The additional units will take the total floor area at Barrow to over 120,000ft².
Tom Parkinson, Director at Northern Trust commented: “The strategic acquisition of units 3 at 10 at Furness Business Park has provided us with the opportunity to expand our North West portfolio and business space offering in Barrow. We have been expanding our industrial portfolio through new acquisitions and developments with an on-going strategy to acquire and develop quality multi-let industrial assets to support the SME business community. Currently our portfolio supports over 20,000 jobs across the UK.”
Furness Business Park is positioned in a well-established business location in Barrow in Furness and offers a range of detached, semi-detached and terraced industrial units alongside the Furness Gate office building with suites from 8 person’s upwards. The Business Park is accessed off Peter Green Way, which provides direct access to the A590 Wahney Road / Ironworks Road, Barrow's principal road.
Furness Business Park is actively managed by Northern Trust’s in house management company, Whittle Jones. Nick Hemmings, Regional Property Manager at Whittle Jones North West added: “Northern Trust’s recent acquisition is an excellent addition to an already well-established portfolio in Cumbria, which now covers 680,000ft² of multi-let industrial and business space, amongst a growing portfolio of over 8 million ft² across England and Scotland.”