Cashing in on a growing potential

Mar 3 2009 by Sue Scott, Evening Gazette

THE pull of Portrack has lured McDonald’s and B&Q to Tees Valley ... and now local developers are cashing in.

Stockton developer Mandale is transforming a 50-acre site into a multi-modal business community that includes a trade park, offices and leisure facilities.

With the pulse still beating in Tees Valley’s property market, following the worst slump nationally since 1997, local agents say Portrack is ripe for further development.

But in the first of our occasional series focusing on business and trade parks, tenants are divided over whether extra footfall translates into pound signs or just makes life harder by attracting the competition ...