A BUSINESS park in the North-East has been bought by London property development and investment group St George's Securities for an undisclosed sum.

Belasis Hall Business Park, in Billingham, Teesside, was sold by the North-East Property Partnership, a consortium of UK Land Estates and regional development agency One NorthEast.

The business park comprises 40 office units, ranging in size from 500sq ft to 20,000sq ft, which the new owners plan to either offer for sale or rent out.