Phase 4 of development at Stockport Exchange is set to move forward, with Stockport Council’s Economy & Regeneration Scrutiny Committee set to discuss plans on 28th January.
2 Stockport Exchange completed in May 2020, with international chemicals firm, BASF, now operating their UK head office from two floors of the town centre scheme, with significant interest on the remaining space despite the pandemic. Phase 4 of development will add a third 64,000 sq ft office building on the site of the temporary car park adjacent to 2 Stockport Exchange.
Despite the pandemic, analysis performed on behalf of the council suggests demand remains for the high-quality office space that 3 Stockport Exchange would provide in the town centre. The council is looking to move forward with the development, supporting ongoing regeneration projects in the town centre, such as at Merseyway and STOK, as well as housing schemes with the MDC area such as at Weir Mill. The scheme is also set to receive funding from the Getting Building Fund, part of government’s efforts to boost the economy in response to the coronavirus pandemic, which could be put at risk by any delays.
Additional parking provision is also planned as part of phase 4 of Stockport Exchange. In line with planning guidelines to deliver one car parking space for every 1,000 sq ft of office space, a second multi-story car park has been proposed for Railway Road, next to the existing NCP car park built as part of the first phase of development on the site.
CBRE and Cushman & Wakefield are the joint agents marketing the office space at Stockport Exchange. Phase 4 on the site, as with previous developments, is being delivered by Stockport Council in partnership with Muse Developments.
Stockport Council’s Economy & Regeneration Scrutiny Committee will discuss proposals in a meeting on 28th January.