Morgan Sindall’s urban regeneration arm Muse Developments has been appointed as preferred bidder, in a joint venture with Aviva Investors, to work with Aberdeen City Council on the £100m redevelopment of the St Nicholas House site in Aberdeen.
Muse Developments proposes to develop a new mixed-use quarter for the city on the brownfield site, which previously housed the local authority’s corporate headquarters.
The proposed development includes offices, a boutique hotel, cafés, restaurants and retail space, as well as public space including a small civic square and pedestrianising Broad Street. The neighbouring Provost Skene’s House is currently undergoing refurbishment and will be retained under the proposals.
The council will lease the development from Muse and receive a proportion of the rental profits for 35 years, after which the site and development will transfer to council ownership.
A public consultation lasting 12 weeks will be carried out before any planning application is submitted. The site will be developed in a single phase and Muse aims for completion during 2016.
Morgan Sindall chief executive John Morgan said: “Muse Developments is delighted with the opportunity of working on this scheme. We have a strong track record in similar joint venture regeneration projects and are confident that we will deliver a successful living and working destination. We are excited to be working with Aberdeen City Council and look forward to bringing innovation and long-term value for the people of Aberdeen.”