Morgan Sindall Group PLC £100m South Shields Regeneration Project (5840L)
August 13 2013 - 7:04AM
UK Regulatory
TIDMMGNS
RNS Number : 5840L
Morgan Sindall Group PLC
13 August 2013
13 August 2013
Morgan Sindall Group plc
Morgan Sindall Group awarded GBP100m South Shields Regeneration
Project
Morgan Sindall Group plc is pleased to announce that Muse
Developments, its Urban Regeneration division, has been appointed
by South Tyneside Council as the sole developer of the GBP100m
South Shields 365 town centre renewal.
The South Shields 365 plan proposes a radical town centre
redevelopment with a new retail quarter in the Fowler Street West
area. The scheme will create a new cinema, library, 175,000 square
foot of retail and leisure facilities including a food store, as
well as a hotel. The Council is also working with Nexus (the Tyne
and Wear passenger transport executive) to bring improvements to
the Metro system along with a new transport interchange.
Work is due to commence summer 2014 and is expected to take six
years to complete.
John Morgan, Chief Executive, Morgan Sindall Group plc said:
"We have a strong track record in delivering complex, mixed-use
regeneration schemes and we are delighted to be working alongside
South Tyneside Council to revitalise South Shields town centre.
This important project will see the creation of a vibrant retail
and leisure quarter as well as the development of new homes and
will unlock new opportunities for residents, businesses and
visitors to the area."
- ends -
Editor's notes:
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,
fit out, affordable housing, urban regeneration and
investments.
Muse Developments
Muse Developments is one of the country's leading names in
commercial development and urban regeneration. It delivers complex
mixed-use schemes - with a focus on quality and sustainability -
and creates vibrant new places within the UK's towns and
cities.
For further details of the South Shields 365 masterplan, or to
download a copy, visit www.southshields365.co.uk
Contact:
Morgan Sindall Group 020 7307 9200
John Morgan, Chief Executive
Brunswick 0207 404 5959
Jonathan Glass
Alison Kay
This information is provided by RNS
The company news service from the London Stock Exchange
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