A MULTI-million pound deal has been struck to introduce new owners to a business park home to some of the region's largest employers.
Darlington's Lingfield Point has been sold for £44m after last changing hands in 2014.
Real estate investment managers, Frogmore, purchased Lingfield Point on behalf of an investment fund taking on the business park currently a base to 51 businesses, including the Student Loans Company and Capita.
Previous owners Clearbell acquired the 85-acre site for £23.7m, developing the area to mix warehousing and commercial premises with a café and child care nursery.
Dominic Moore, Clearbell's head of asset management, said: “The business community in the North-East is thriving and Lingfield Point is perfectly positioned to benefit from this buzz.
“As businesses continue to demand more from their offices, Lingfield Point is ushering in a new generation of modern workspaces. We’re proud to have been involved in the development of such a historic site.”
The site off the A66 was originally home to Paton and Baldwins, the world’s largest wool company.
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