Muse named regeneration partner for councils

RNS Number : 8403Q

Morgan Sindall Group PLC

26 October 2011

 



26 October 2011

Morgan Sindall Group named Basingstoke and Deane Borough Council's  regeneration partner for £200 million project

Morgan Sindall Group plc, the construction and regeneration group, today announces that its Urban Regeneration division, Muse Developments, has been named as Basingstoke and Deane Borough Council's regeneration partner for a £200 million regeneration project.

Muse won two separate competitive tenders to work in partnership with the Council, the first to develop five separate sites in Basing View and the second to create a business class hotel in the western end of Basing View. 

Building work is due to start, subject to planning permission, at the end of 2013.

The council has confirmed that it will commit £3.3 million to deliver critically important estate infrastructure improvements, which have already begun with the demolition of two redundant buildings and landscaping.  The council has also earmarked a further £5 million of investment funds to help stimulate new development at the scheme. 

Paul Smith, Chief Executive of Morgan Sindall Group plc, said:

"We are delighted that Muse has been named as Basingstoke and Deane Borough Council's regeneration partner for the development of Basing View as a 21^st century business destination and we look forward to working with the council on this exciting project."

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ENQUIRIES:

Morgan Sindall Group plc                                       Tel: [phone]

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications                               Tel: [phone]

Tim Blythe                                                                    Mobile: [phone]

Notes to Editors: 

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over £2 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 £2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

 

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