A North East distribution hub which has brought new life and jobs to a derelict brownfield site has been sold in a £16m deal.
Commercial property specialists Buccleuch Property and Argon Properties worked through the challenges of the Covid pandemic to create a 60,000 sq ft storage and distribution unit for parcel delivery service DPD at the firm’s Velocity site in Washington.
The international parcel delivery service has created 125 jobs on the back of the development, which was achieved in just 15 months, from planning submission to building completion and subsequent sale.
