Full Idea
Russell denies that universals have any location at all. ..He is generalising from the case of "is north of", which does not exist any more in Edinburgh than in London.
Gist of Idea
All universals are like the relation "is north of", in having no physical location at all
Source
report of Bertrand Russell (Problems of Philosophy [1912], Ch. 9) by Michael J. Loux - Metaphysics: contemporary introduction p.55
Book Reference
Loux,Michael J.: 'Metaphysics: a contemporary introduction' [Routledge 2000], p.55
A Reaction
Russell may claim that the relation "is north of" is natural, but I suspect that it is a convention, mapped onto a physical situation. Reifying relations invite charges of a regress (as Bradley noted).