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, 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.