The Prime Group is on track to complete a new; circa 80,000 sq ft commercial development at Aycliffe Business Park named ‘Prime Point Durham’ by the end of the year.
Prime Point Durham is located at Carlbury Road, Newton Aycliffe, just off the A167 and close to the A1(M) and sits within the wider Aycliffe Business Park. Construction is well underway on two commercial warehouse units of 35,811 sq ft and 39,829 sq ft. Both will include ancillary office space and offer eaves heights of up to 12 metres, alongside 35 car parking spaces, including EV charging points.
Jonathan Simpson, director at Connect Property North East and joint letting agent said “We are delighted that our client has commenced construction, the two buildings are specifically designed to be both split and occupied as one in order to appeal to both regional/ local SME’s as well as the wider industrial and logistics market. It is fantastic to see the buildings heading towards completion for the end of this year, with several viewings and expressions of early interest already received”.
Joint letting agent Nick Atkinson of HTA commented “Aycliffe Business Park is a very popular location and new units of this size are very scarce throughout Durham and the wider region. New buildings offer occupiers improved efficiencies, lower maintenance costs, and the extra height equates to larger volumes for storage.”
Prime Group Commercial director Imran Younus added “The Prime Group has a solid track record in industrial development, and these two buildings will add fresh industrial stock with a highly desirable specification to the North East market. We have no doubt as to their success.”
The project is supported by North East Mayor Kim McGuinness while funding to support the development has been provided using a loan provided by FW Capital under the North East Commercial Property Investment Fund which is managed by FW Capital and backed by The North East Mayoral Strategic Authority (North East MSA). A seven-figure incentive has also been provided by Mayor Kim and the North East MSA to address the financial viability gap. This inward investment scheme will drive local economic growth and support new job creation in the region by bringing high-quality industrial space to the market.