£145 million Stockport Regeneration Scheme (6532T)

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RNS Number : 6532T

Morgan Sindall Group PLC

09 December 2011

9 December 2011

Morgan Sindall Group selected as preferred development partner for GBP145 million Stockport regeneration scheme

Morgan Sindall Group plc, the construction and regeneration group, today announces that its Urban Regeneration division, Muse Developments, has been selected as preferred development partner for the GBP145 million regeneration of Stockport Grand Central Station.

Since purchasing the site in January, Stockport Council has been procuring a development partner to deliver the ambitious redevelopment for the site. The development will include a high quality office quarter, attractive public space outside the railway station with easy access to the town centre, 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.

Paul Smith, Chief Executive of Morgan Sindall Group plc, 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 GBP590 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."

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Notes to Editors:

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

Muse Developments

Muse Developments is one of the country's leading names in commercial development and urban regeneration. A national developer - with regional operations in Manchester, London, Leeds and Glasgow. Muse is part of Morgan Sindall Group plc, a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

ENQUIRIES:

   Morgan Sindall Group plc                                       Tel: 020 7307 9200

Paul Smith, Chief Executive

David Mulligan, Finance Director

   Blythe Weigh Communications                               Tel: 020 7138 3204 
   Matthew Neal                                                              Mobile: 07917800011 
   Tim Blythe                                                                   Mobile: 07816 924626

This information is provided by RNS

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