Tursdale has all the ingredients of a highly successful modern industrial estate and what it needs now is investment
A growing property investment company has snapped up a County Durham business park in a multimillion-pound deal. Ward Group Investments (WGI) is set to put a huge programme of investment into action after acquiring the 35-acre Tursdale Business Park near Durham, with plans to upgrade the site, boost its commercial offer and improve estate management.
Set just off the A1 at Tursdale, five miles south of Durham city, the industrial estate is home to 35 tenants. It has a diverse mix of workshops, factory units, high-bay warehouses and open storage land. WGI – established by former Workwear Express founder and owner Andrew Ward – plans to transform the estate through a programme of targeted demolition, refurbishment and the introduction of new, market-leading, open storage.
The group said the investment will create a modern, high-quality commercial estate capable of meeting the needs of a broad range of industrial and logistics occupiers. The acquisition takes WGI’s industrial property portfolio to over one million square feet, strengthening its presence in the North East and adding a strategically located asset with significant scope for improvement and future growth.
The business has made a number of strategic investments over the last few years, with properties added to its portfolio including 104–108 Grey Street and 1 Hood Street in the heart of Newcastle city centre, a Grade II listed building which is home to END Clothing, Clarke Mairs LLP and Rohan.
Last year it also added to its purpose-built student accommodation portfolio with the acquisition of Elvet Residences and the landmark Three Tuns development in Durham – a £30m scheme comprising 178 studios and apartments. And just last month it acquired Hopper House on Atherton Street from Durham County Council – an 18,000 sq ft former office building that lay empty for 12 years. WGI has been given the green light to turn the building into a new 45-bed student development.
Tursale Business Park, meanwhile, was snapped up from a guide price of offers over £10m. It sold by joint agents Delta Capital Property Investment and Lewis & Partners on behalf of the vendor Eggerton Limited.
Andrew Ward, CEO at Ward Group Investments, said: “Tursdale has all the ingredients of a highly successful modern industrial estate – a strong location, an established occupier base and excellent access to the A1.
“What it needs now is investment, ambition and a clear long-term vision. We’re committing to all three and to establishing a dedicated, brand-new, operating company for Tursdale – giving the estate a clear identity and a focused management team with responsibility for driving its next phase of growth.
“Our plans go well beyond simply upgrading the existing buildings. We will invest in the estate, broaden its offer, introduce new facilities and create a modern, well-managed destination for industrial and commercial occupiers across the region.
“Reaching one million square feet in our industrial portfolio is a significant milestone for WGI and Tursdale represents an important step in the next phase of our growth. We see a real opportunity to establish Tursdale as one of the North East’s leading industrial locations.”










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