The design team was Prime Group's in-house own. Credit: C&J Media

FW Capital backs 80,000 sq ft County Durham scheme

3 July 2026 08:04 Sally Gibson Comments (0)

Acornfield Properties, part of Manchester-based The Prime Group, has secured funding for its first speculative industrial development in the North East at Aycliffe Business Park.

The two warehouse development, known as Prime Point Durham, is under construction on Carlbury Road, Newton Aycliffe, close to the A167 and A1(M).

The scheme comprises units of 36,000 sq ft and 41,600 sq ft, each with ancillary office accommodation, eaves heights of up to 12 metres and a total of 35 car parking spaces, including electric vehicle charging points.

Practical completion is targeted by the end of 2026.

The seven-figure funding package is from the North East Commercial Property Investment Fund, which is managed by FW Capital and supported by the North East Mayoral Strategic Authority.

A further seven-figure viability grant has also been provided by NEMSA to help bring the speculative development forward.

HTA Real Estate and Connect Property North East have been appointed joint agents on the development.

Jeff Pike, director at The Prime Group said: “Being originally from the North East, it’s fantastic to bring our first commercial development to County Durham. Newton Aycliffe is an excellent location boasting prime transport links.

“While we have established residential developments in the area, this marks our first commercial venture here. The site is a speculative development available for let or sale, and the team at FW Capital have been supportive throughout the entire funding process.”

Graeme Watson, senior investment executive at FW Capital added: “Acornfield Properties (Durham) Limited is part of the very well-established Prime Group. It’s great to help them bring their first North East-based commercial scheme forward.

“This inward investment ensures the project is commercially viable, ultimately boosting the local economy and creating vital employment opportunities for the region.”

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