Muse Developments has received consent from council planners to bring forward the latest phase at Stockport Exchange – one of Greater Manchester’s most connected and accessible business hubs
Following the scheme’s approval, partners Muse and Stockport Council aim to get on site early in the new year, with a contractor to be announced in due course.
Both the council and Muse secured £4.2m of funding from the government’s Getting Building Fund through Greater Manchester Combined Authority, to unlock the site and accelerate phase four of the masterplan, which once complete will include a c64,000 sq ft high-quality office building, along with an innovative c400-space multi-storey car park for office occupiers, featuring electric vehicle charging points and a green ‘living’ wall.
This latest phase will build on the success of previous phases and will incorporate additional public realm improvements to benefit both the town centre and the community.
The wider £145m Stockport Exchange transformation, being delivered collaboratively by Stockport Council and Muse, sits as part of the council’s visionary Mayoral Development Corporation and centrally to its £1bn town centre regeneration programme.
Three phases of development have been successfully delivered at Stockport Exchange, bringing forward a 115-bedroom Holiday Inn Express, a 1,000-space NCP multi-storey car park, two stunning office buildings totalling 120,000 sq ft with ground-floor retail, sat within extensive public realm.
Once complete, the wider Stockport Exchange development will have delivered up to 375,000 sq ft of office space and 28,000 sq ft of commercial floor space. The scheme has attracted international and national occupiers such as BASF and MusicMagpie, who both have their UK HQs within the scheme.
Meeting the demand for office space and infrastructure
Tom Webber, senior development surveyor at Muse, said: “It’s a fantastic achievement from everyone involved with Stockport Exchange as we reach the next milestone and get closer to starting on site.
“The country’s economic recovery will come from our towns and cities and with people looking to return to the office, it’s clear that there’s still a strong demand to bring forward high-quality office space and infrastructure, but it must promote wellbeing, sustainability and active travel to be fit for the office of the future.
“Stockport Exchange ticks all those boxes and existing occupier feedback has been really positive on how the scheme fully serves the needs of their teams”
“Together with our partners at Stockport Council, we’re investing in and repurposing the town centre, transforming it into one of the most connected and vibrant destinations, which is acting as a catalyst for further place-changing regeneration through the Mayoral Development Corporation.”
