Gordons has been appointed to advise Northern Trust on strategic lettings across its vast Yorkshire portfolio.
- Northern Trust’s portfolio includes over 1.2 million square feet in Yorkshire, with more than 500 units.
- The collaboration aims to enhance economic growth in the region, focusing on SMEs.
- Gordons has already successfully closed four significant deals in Yorkshire.
- Key players, including Dan Hodge and James Kimberley, highlight the importance of swift, practical advice.
Gordons, a leading law firm, has been appointed to provide strategic advice to Northern Trust Company Ltd regarding its expansive Yorkshire portfolio. Northern Trust’s property assets in Yorkshire encompass over 1.2 million square feet, featuring more than 500 units strategically located across the region. This collaboration marks an important step in managing and optimising Northern Trust’s substantial holdings in the area.
The diverse portfolio, managed by Northern Trust, includes over 4,000 individual units spread across various industrial, trade, and office park sites, from the south Midlands to Scotland’s central belt. Yorkshire itself boasts over 500 units, distributed among 41 different assets, predominantly industrial and trade, with a smaller proportion dedicated to office and business accommodation. This strategic undertaking highlights Northern Trust’s commitment to strengthening its presence in Yorkshire.
A notable achievement thus far in this partnership is the successful arrangement of a tenancy agreement for a 3,500 square foot unit with Migatronic Welding Equipment. This unit is part of the Sarah Court scheme in Doncaster, underscoring the practical successes already realised through the expertise of Gordons.
James Kimberley, a commercial property partner at Gordons, leads the advisory team. He emphasises the critical role these properties play in sustaining SMEs that are pivotal to job creation and regional economic expansion. His insights reflect the symbiotic relationship between property management and economic development within Yorkshire.
Dan Hodge, the regional property director for Northern Trust’s Yorkshire office, lauds Gordons’ swift and decisive approach. According to Hodge, “James and the team at Gordons understand what’s important to us and our occupiers, and how we want to work.” This testimonial elucidates the value Gordons brings in ensuring efficient management and beneficial outcomes.
The partnership between Gordons and Northern Trust exemplifies a strategic approach to enhancing economic growth through effective property management in Yorkshire.
