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Business & Economy

Ward Group Investments eyes further expansion after Durham property deal

A property group says it plans to “grow substantially in the years to come” after completing a multi-million-pound deal.

Ward Group Investments has bought four buildings on Bowburn North Industrial Estate, based off the A1(M), near Durham.

The sites – marketed at £4.5 million – include 200,343sq ft of workspace, with three already let to PC Henderson, Katem Logistics and Personal Hygiene Services.

Andrew Ward, who heads Ward Group Investments, said: “The North East, and particularly County Durham, are perfectly placed for businesses seeking to capitalise on the growing demand for logistics – and investment opportunities don’t get much better than this.

“It’s perfectly placed adjacent to the A1, provides access to a skilled workforce and offers some of the most competitive business rates in the UK.

“We’ve grown our portfolio significantly over the past two years, with a number of strategic acquisitions across the UK and UAE, and this is another high-quality development to add to our list.”

Andrew, who founded Ward Group Investments in 2021 following the sale of his Workwear Express endeavour, added: “Our approach to investing has been key in helping us build a really sustainable and effective portfolio.

“And with that now worth in excess of £100 million, we’re confident there will be more to follow on the back of the Bowburn deal.

“We plan to grow substantially in the years to come.”

Property agency Bradley Hall advised Ward Group Investments on the deal, with Savills Newcastle supporting the seller.