DPD, Washington

Client requirements

Argon Properties were seeking opportunities to deliver new industrial/logistics development in the North East but required the right site and delivery structure to bring forward a viable scheme.

Separately, Buccleuch Property had the investment strength and long-term development expertise to support a strategic industrial project, should the right opportunity arise.

The key requirements were to:

• Identify a viable industrial development site in a prime North East location

• Structure the right partnership to deliver the scheme

• Secure control of the site and bring it forward for development

• Deliver a modern, occupier-led distribution facility

• Maximise development value and long-term investment potential

Our solution

Naylors played a central role in originating the opportunity and bringing the project together.

Site identification

• Identified the long-vacant brownfield site adjacent in Washington as a prime logistics development opportunity

• Recognised its strategic location, connectivity and suitability for modern distribution use

Joint venture creation

• Introduced Argon Properties to Buccleuch Property as a strategic joint venture partner

• Helped align both parties’ objectives, expertise and investment approach

Acquisition advice

• Advised the joint venture partners on securing the site

• Supported commercial negotiations and positioning of the development opportunity

Development positioning

• Advised on the scale, specification and market fit of the proposed logistics facility

• Ensured the scheme was aligned with occupier demand and investment requirements

Our involvement spanned opportunity origination, partner alignment and acquisition, helping transform a dormant site into a deliverable logistics scheme.

The results

The site progressed from identification to delivery of a major regional logistics development.

• Formation of a strategic joint venture between Argon Properties and Buccleuch Property

• Acquisition of a long-vacant brownfield site with no development for more than 25 years

• Delivery of a £16m logistics scheme

• Creation of a modern 60,000 sq. ft distribution facility

• Securing national occupier DPD

• Approximately 125 jobs created

• Regeneration of a key employment site and creation of a platform for future development

The project demonstrates the value of early-stage commercial advice, from site sourcing and partner introduction through to acquisition and development delivery.

Strategic impact

This instruction highlights Naylors ‘ability to:

• Originate development opportunities

• Connect the right partners to unlock schemes

• Advise on acquisitions and delivery strategy

• De-risk projects at an early stage

• Support the creation of institutional-grade commercial property investment

We work with developers, investors and landowners to identify opportunities, structure partnerships and bring forward commercially successful commercial developments.

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