Plans for a new industrial scheme are set to take shape on the last parcel of land on the Drum Industrial Estate. Real estate specialists Argon Properties and Buccleuch Properties are set to team up in a joint venture to deliver Panther Court, which will comprise two new 45,000 sq ft and 80,000 sq ft units at the currently vacant site near the A1(M).
Chris Donabie, partner at Naylors Gavin Black, commented: “Major occupiers such as Komatsu, Parcelforce, Coveris and the Co-op have all established their own industrial facilities at Drum so it’s clear that there are commercial advantages to this location. We can deliver new premises before the end of 2020 which means we can react quickly to help accommodate expanding or new businesses who may have specific requirements.”
Richard Wilks, managing director of Argon Properties, added: “There is currently an undersupply of good quality modern industrial space in the region, particularly units over 25,000 sq ft. Given its position only one mile from Junction 63 of the A1(M), we are confident Panther Court will appeal to a wide range of businesses. At this stage of the development process we can still offer bespoke solutions to accommodate occupiers’ individual requirements and we are very pleased to begin the marketing of the scheme with the support of Naylors Gavin Black, Cushman & Wakefield and the team at Business Durham.”