Last checked at 26 Oct 2011 07:00
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 21st 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: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
Blythe Weigh Communications Tel: 020 7138 3204
Tim Blythe Mobile: 07816 924626
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.