Lord Wrigglesworth, Chairman Durham Group Estates with the new defibrillator

Durham Group Estates supports Red Sky Foundation

Durham Group Estates has supported the Red Sky Foundation by funding the supply and installation of a defibrillator at Belmont Business Park.

The life saving device is available for all businesses, residents and the local community to use as it is prominently situated on the outside of Portland House.

Gurpreet Singh Jagpal, Chief Executive of Durham Group Estates said “Over the years I have been aware and impressed with the work Sergio and his team have done in supporting and improving the life of cardiac patients who are born with or develop heart conditions. They providing lifelong support to them and their families and our small contribution is a way of helping Red Sky raise awareness of heart conditions and also provide a life saving device for use by the local community”.

Durham North Road property acquisition

50-53 North Road, Durham – Acquisition complete

Durham Group Estates are pleased to have completed the acquisition of 50 – 53 North Road Durham.  The mixed use property includes retail outlets, hospitality venues and residential accommodation.

We would like to thank our advisors Emily Wood at Lambert Smith Hampton (investment agency), Lee Pickett at DWF (legal) and Matt Faulkes at Carter Towler (Property management).  Our thanks also to Jamie Sim at Avison Young who acted on behalf of the vendors and enabled the swift completion of the acquisition.

Read the Avison Young press release here.

Durham Group Estates - BEde House refurbishment

Refurbishment of Bede House, Durham, completed with £750,000 investment

Durham Group Estates, a leading privately owned North East property investment company, has completed the second phase of a £750,000 refurbishment of Bede House, Belmont Business Park, Durham.

The company which operates across the North East and Yorkshire, completed the first phase of the 26,000 sq ft two-storey office building in September 2019, with national accountancy firm, Baldwins, occupying the 13,000 sq ft first floor, as part of a major investment in the region.

Lord Wrigglesworth, chairman at Durham Group Estates, said: “2019 was an excellent year for the business and with the exception of Bede House which was undergoing refurbishment, we were fully occupied across all our commercial, industrial, retail and student accommodation. This is testament to the financial investment we place in our buildings as well as the relationship Gurpreet and our property management team have with our occupiers. We look forward to making increased investment in the North East and Yorkshire during the coming year.”

Read the full article on Northern Insight.

Image: Northern Insight.

Durham Group Estates - commercial property in North East England and North Yorkshire

Leeds surveyors maximise property investment with purchase of Durham business park

Carter Towler has assisted Durham Group Estates Ltd with the purchase of Durham’s Bede House on Belmont Business Park. The Leeds-based chartered surveyors have also been appointed to manage the two-storey, 25,000 sq ft office building.

Situated on the edge of Durham’s city centre, Bede House was purchased off market and will be extensively refurbished before being let.

Durham Group Estates’ chief executive, Gurpreet Singh Jagpal, said: “We are extremely pleased to be adding this sizeable property to our commercial portfolio.

“It was built in 2001 and is ready for upgrading now. We will be investing a further £500k creating contemporary, open plan office spaces with high quality, eco-efficient features such as low energy lighting and air conditioning.

Full article: bDaily.