Muse Developments, working in partnership with Stockport Council, have submitted planning to accelerate the delivery of the next stage of the Stockport Exchange development in the town centre.
The development has secured £4.2 million of funding via the government’s Getting Building Fund to bring forward the latest phase of development at the popular business hub. The fourth phase of construction will see the addition a 64,000 sq ft of Grade A commercial office space and a 400-space multi-storey car park for occupiers that features electric vehicle charging, solar photovoltaic panels and a green ‘living’ wall.
The latest stage of development at Stockport Exchange will add to the already popular business hub in the town. Occupiers of previous phases of development include global chemicals firm BASF, technology and media reseller musicMagpie, and transport company, Stagecoach. The development also includes a 1000-space NCP car park serving the town centre and train station, and a 115-bedroom Holiday Inn Express hotel that has proved popular with business travellers to Greater Manchester.
Tom Webber, senior development surveyor at Muse, said:
Reaching the latest milestone in the Stockport Exchange story and receiving this funding boost from the government’s Getting Building fund highlights confidence in our collective long-term vision for the scheme and is an endorsement of our commitment to investing in Stockport and the wider Greater Manchester to create places that creates jobs and improves employment opportunities to the local community in the town.
“Our partnership with Stockport Council has created the confidence for others to follow our lead and invest in the town. We’re committed to working with the Council, as we continue to deliver place-changing, repurposed regeneration that drives growth, opportunities for all and community wealth within the Mayoral Development Corporation.”
Cllr Elise Wilson, leader of Stockport Council, said:
Stockport Exchange has gone from strength to strength, attracting major businesses such as BASF and its success is testament to the hard work and commitment of everyone involved.
“I’m really proud of what we have achieved and this next phase will only strengthen our appeal as one of the North West’s premier business destinations. Our town centre is undergoing a radical transformation, with thousands of new homes and employment space being created, major improvements to Merseyway Shopping Centre underway and the Underbanks given a new lease of life.
There’s never been a better time to live, work and play in Stockport.”
Once complete, the wider Stockport Exchange development will have delivered up to 375,000 sq ft of office space and 28,000 sq ft of commercial floor space.
Cushman & Wakefield and CBRE are acting as joint agents for the scheme.