GRAND CENTRAL MULTI-STORY – FUNDS SECURED

The multi-story car park, planned as an integral part of the redevelopment plans for Stockport’s Grand Central, is a step nearer this week.

Canada Life, providers of insurance and wealth management, and construction company Muse Developments have agreed a way forward for funding so that work can begin on the 1,000 space facility. 

               CGI Image of multi-storey car park                              Grand Central Hotel & Office Scheme

The second phase regeneration of Grand Central, the area alongside Stockport Rail Station, will also include offices and a hotel. and Muse believe that the car park development will signal a start to the full development programme.

Muse, based in Salford, were appointed to develop the car park on land leased by Stockport Council from Network Rail.

Wes Erlam, a senior development surveyor at Muse, said:
“The agreement with Canada Life is a fantastic achievement for the scheme and for Stockport. The delivery of the car park has been a long held ambition of the council and Network Rail, and we are delighted be playing a major part in making this a reality. We now look forward to managing the construction of the building, which will be open and trading by March 2014.”

Michael White, property investment director at Canada Life Investments, said:
“We hope this will be a catalyst for future development phases of the Grand Central regeneration project.”