Gordons has been appointed to provide strategic advice on Northern Trust’s extensive Yorkshire property portfolio, marking another significant step in their collaboration.
- Northern Trust’s Yorkshire holdings consist of over 500 units across 41 assets, predominantly industrial and trade facilities, with a few office accommodations.
- The collaboration has already seen successful deals, such as the letting to Migatronic Welding Equipment in Doncaster.
- Regional director Dan Hodge praised Gordons for their quick and decisive actions, and their understanding of Northern Trust’s needs.
- Gordons’ involvement aims to support economic growth in the region, benefitting local SMEs with job creation.
Gordons, a prominent legal firm, has been appointed to advise Northern Trust Company Ltd on managing and letting its expansive Yorkshire industrial and office portfolio. The tasks involve overseeing a 1.2 million square foot property space, embedded within a larger 9 million square foot UK-wide portfolio owned by Northern Trust.
Northern Trust’s property interests in Yorkshire comprise over 500 units distributed among 41 assets. These assets predominantly include industrial and trade units, with a minority allocated to office and business accommodations. This diverse portfolio offers significant opportunities for small and medium-sized enterprises (SMEs) operating within the region.
The business partnership has already facilitated multiple successful transactions, highlighted by the letting of a 3,500 square foot unit at the Sarah Court scheme in Doncaster to one of the world’s leading suppliers of welding equipment, Migatronic Welding Equipment. This transaction exemplifies the collaborative efforts between Gordons and Northern Trust to ensure strategic lettings that align with business objectives.
Dan Hodge, Northern Trust’s regional property director, commended Gordons for their adept handling of the portfolio’s needs, stating, “James and the team at Gordons understand what’s important to us and our occupiers, and how we want to work. They act quickly and decisively to secure lettings and provide us with the practical commercial advice which we need.”
James Kimberley, commercial property partner at Gordons, emphasised the importance of their role in promoting economic growth through strategic partnerships. He noted, ‘Northern Trust is a long-established business with significant interests in Yorkshire. The vast majority of the assets are occupied by SMEs which contribute to job creation, so it is great to be playing our role in helping Northern Trust further enable economic growth within the region.’
The collaboration between Gordons and Northern Trust exemplifies a strategic approach to property management that supports regional economic development.
