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Morgan Sindall secures ?115m Chester regeneration
Morgan Sindall secures ?115m Chester regeneration.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n \nRNS Number : 1607M Morgan Sindall Group PLC 11 August 2011 \n \n\n \n11 August 2011\n \nMorgan Sindall Group secures £115m regeneration scheme in Chester \n \nMorgan Sindall Group plc, the construction and regeneration group, today announces that its Urban Regeneration division, Muse Developments, has secured a major regeneration scheme in Chester city centre, with a total development value of approximately £115 million. 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. \n \nThe scheme encompasses the first two phases of the new CBD, which will comprise of two BREEAM Excellent, six-storey Grade 'A' office buildings totalling 150,000 square feet. It will be complemented by the provision of new public realm, linking the scheme with the station and Shropshire Union Canal. \n \nA 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. \n \nPaul Smith, Chief Executive of Morgan Sindall Group plc, said:\n \n\"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.\"\n \n- Ends -\n \nNotes to Editors:\n \nMorgan Sindall Group\nMorgan Sindall Group plc is a leading UK construction and regeneration group operating through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.\n \nMuse Developments\nMuse Developments is one of the country's leading names in commercial development and urban regeneration. Muse is a national developer with regional operations in Manchester, London, Leeds and Glasgow.\n \nENQUIRIES:\nMorgan Sindall Group plc &n...