Funding package unlocks commercial development

Pictured, from left to right, are Chris Dixon, from FW Capital; Jeff Pike and Barber Majid, from The Prime Group; Graeme Watson, from FW Capital; and Kerry Walker, from Business Durham

A County Durham commercial property development is set to boost the region’s industrial capacity after securing a multi-million-pound funding package to deliver new warehouse space and support economic growth.

Acornfield Properties (Durham) Limited, part of Manchester-based The Prime Group, has secured a seven-figure investment package to fund the construction of Prime Point Durham, a circa 80,000sq ft commercial development at Aycliffe Business Park, in Newton Aycliffe.

Located on Carlbury Road, close to the A167 and A1(M), the scheme will comprise two industrial warehouse units of 36,069sq ft and 41,592sq ft, alongside ancillary office space, EV charging facilities and parking. 

Read more