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Morgan Sindall wins £145m Stockport regen scheme

Stockport Council has named Morgan Sindall’s regeneration division Muse Developments as its preferred development partner for a £145 million scheme.

The company was selected to transform Stockport Grand Central Station almost a year after the council purchased the site last January.

The development includes a new office quarter for the town, public space outside the station, a hotel and improved car parking.

Muse will now be recommended to Stockport Council’s executive in a report to be presented on 16 December 2011.

Morgan Sindall chief executive Paul Smith said:  “We are delighted to be selected as preferred bidder on this regeneration scheme for what is set to be an exciting development for Stockport.

“Muse has been highly successful recently in securing a number of regeneration projects including Basingstoke and Deane, Warrington and Chester, which have a total development value of approximately £590 million.

“Regeneration schemes are large scale and complex projects which very few companies are capable of delivering. Morgan Sindall has these capabilities and we see this part of the business as a key growth area in our medium term strategy.”

Morgan Sindall executive chairman John Morgan said in August the company planned to double its regeneration work within three years.

In an interim management statement released in November the company said its regeneration pipeline stood at £2.2 billion, with £0.9bn of work at preferred bidder stage.

The group’s overall forward order book was £3.3bn in November.

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