Morgan Sindall will be main contractor on Muse Development’s £135m regeneration scheme across three sites in Brixton town centre, for Lambeth Council.
Muse Developments, Morgan Sindall’s urban regeneration and development arm, was selected to deliver the £135m regeneration scheme which includes a new town hall as well as 125,000 square foot of commercial space for start-up businesses and community groups as well as up to 275 new homes.
Muse Developments said out of the 275 homes, it will aim to secure 40 per cent as affordable.
As part of the redevelopment, Lambeth Council will reduce its core office buildings from 14 to 2, making cost savings of at least £4.5m a year.
Muse Developments was named preferred bidder to deliver the Your New Town Hall project late last year.
The construction value of the scheme is £50m, with an overall development value of £135m.
Cllr Paul McGlone, cabinet member for finance, said: “This development agreement gives the green light to a project that will bring enormous benefits for all Lambeth residents. Your New Town Hall is a great deal for Lambeth taxpayers and businesses.
“Muse has an exemplary track record with town centre regeneration and a commitment to our philosophy, as a cooperative council, of working with the community and its stakeholders throughout the process.”