A COMPANY has announced it has completed the acquisition of two detached units in Barrow

The two new units consisting of 37,000 sq ft add to Northern Trusts' existing ownership at Furness Business Park. 

Northern Trust already own the 13,215 sq ft Furness Gate office building and adjacent 70,171 sq ft Furness Business Park. The additional units will take the total floor area at Barrow to more than 120,000 sq ft.

Tom Parkinson, director at Northern Trust, said: “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 actively managed by Northern Trust’s in house management company Whittle Jones.

Nick Hemmings, regional property manager at Whittle Jones North West, said: “Northern Trust’s recent acquisition is an excellent addition to an already well-established portfolio in Cumbria, which now covers 680,000 sq ft of multi-let industrial and business space, amongst a growing portfolio of over eight million sq ft across England and Scotland.”