Morgan Sindall’s urban regeneration division Muse Developments has been awarded a £115 million scheme in Chester city centre.
The site has been identified by Cheshire West and Chester Council as the location for the city’s proposed new Central Business District (CBD), due to its central location and close proximity to Chester Central station.
Morgan Sindall chief executive Paul Smith said: “We are delighted to have secured this regeneration scheme for what is set to be an exciting development for Chester.
“Regeneration schemes of this sort offer great potential for the group in the medium-term and represent exciting opportunities to further expand our regeneration activities.”
The scheme encompasses the first two phases of the new CBD, which will comprise of two BREEAM Excellent, six-storey Grade ‘A’ office buildings totalling 14,000 sq metres.
It will be complemented by the provision of new public realm, linking the scheme with the station and Shropshire Union Canal.
A planning application is expected to be submitted in early 2012. The scheme, which is expected to take approximately 10 years in total, is expected to commence construction in 2013. When complete, the CBD will comprise over 500,000 square feet of Grade ‘A’ office space.