A County Durham property investment group has snapped up a major industrial site in a multimillion-pound deal.
Ward Group Investments, which is headed up by entrepreneur Andrew Ward, has purchased four buildings on Bowburn North Industrial Estate which had been on the market with a £4.5m price tag. Comprising a total of 200,343 sq ft of workspace, the four units are next to the A1(M) and sit close to the new Integra 61 development, home to Amazon’s Durham fulfilment centre.
Three of the four buildings are already let, with PC Henderson Limited, Katem Logistics and Personal Hygiene Services Ltd all having operated from the estate for over five years. The fourth unit, Unit 2, stands vacant, but the team at Ward Group Investments are confident that, once refurbished, it will offer an appealing proposition to businesses seeking to capitalise on the area’s growing reputation for last mile logistics.
