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.