A DEVELOPER has revealed 400-job plans to transform a 36-acre site into a commercial hub.

Canmoor Developments hopes to turn land next to the A19 into a home for industrial and distribution companies.

Bosses say the unoccupied site, which neighbours Stockton’s Portrack Lane retail park, will provide companies with space ranging from 35,000sq ft units to near 500,000sq ft bases, adding talks have already taken place with interested parties.

Officials last night confirmed to The Northern Echo they expect the scheme to create around 400 jobs, revealing the development will be known as Dynamo Park.

The scheme marks another venture into the North-East for Canmoor, which already oversees Newcastle’s Brough Trade Park, close to the city’s speedway track, and director Jules Benkert said it was confident of success.

He said: “We are working on our plans for Dynamo Park and given the highly-visible position, fronting on to the A19, we believe our new units will attract a strong level of interest.

“There is limited availability of modern, large-scale warehouse premises in the North- East, so we believe the scheme is well timed and we look forward to getting started.”

The site was brought to market by HTA on behalf of Claymore Investment Management, with the former now appointed alongside Cushman and Wakefield to jointly let the development.

Russell Taylor, director at HTA, said: “Dynamo Park will provide much-needed new industrial stock on the A19 corridor and we have already had positive discussions with occupiers interested in committing to design and build opportunities.”

Claymore’s Neal Shegog said the deal has been two years in the making, with work carried out behind the scenes to get the site ready for a new owner.

He added: “Since late 2015 we have been working on behalf of administrators to prepare the land for sale.

“With very limited information available on the site, we are delighted to have enabled its sale, as a whole, to a developer of Canmoor’s calibre.

“The sale of a site of this size is a notable fillip for the North-East.”