Developers Argon Properties and Buccleuch Properties have announced plans for a new industrial scheme for the last parcel of land on Drum Industrial Estate in Chester le Street.
They will form a joint venture to build two warehouses of 45,000 and 80,000 sq ft to be known as Panther Court. Naylors Gavin Black and Cushman & Wakefield have been appointed joint agents.
The construction of scheme is in response to a perceived shortage of space in the area. Richard Wilks, managing director of Argon Properties, said: “There is currently an undersupply of good quality modern industrial space in the region, particularly units over 25,000 sq ft.”