Following the granting of planning consent, Muse Developments and Stockport Council are aiming for work on the latest phase of Stockport Exchange is to begin early in 2022.
Planning consent was approved by councillors on Thursday 30th September following the developers’ decision to bring forward the latest phase of work on the site after securing £4.2 million of funding from the Government’s ‘Getting Building Fund’ through Greater Manchester Combined Authority. A contractor on the work is to be announced in due course.
Phase Four of Stockport Exchange, one of Greater Manchester’s most connected and accessible business hubs, will include a c64,000 sq ft high-quality office building, along with an innovative c400-space multi-storey car park for office occupiers, featuring electric vehicle charging points and a green ‘living’ wall. The £145 million development sits as part of the Council’s wider £1 billion town centre regeneration programme and visionary Mayoral Development Corporation (MDC).
Three phases of development have been successfully delivered at Stockport Exchange, bringing forward a 115-bedroom Holiday Inn Express, a 1,000-space NCP multi-storey car park, two stunning office buildings totalling 120,000 sq ft with ground-floor retail, sat within extensive public realm. The scheme has attracted international and national occupiers such as BASF and MusicMagpie, who both have their UK HQs within the scheme.
Cllr Elise Wilson, leader of Stockport Council, said:
Stockport Exchange was a game changer for the town – it re-set people’s perception of Stockport and succeeded in attracting top level businesses and creating jobs.
“This latest phase will continue to build on that success investing not just in new buildings but in public spaces which we can all enjoy.
“It is another example of the Council working in partnership with private business to unlock significant Government funding and push projects forward. With improvements to the Merseyway Shopping Centre, plans for a new transport interchange, the arrival of Metrolink the centre of Stockport is being transformed for the benefit of the whole borough and beyond.”
Tom Webber, senior development surveyor at Muse, said:
It’s a fantastic achievement from everyone involved with Stockport Exchange as we reach the next milestone and get closer to starting on site.
“The country’s economic recovery will come from our towns and cities and with people looking to return to the office, it’s clear that there’s still a strong demand to bring forward high-quality office space and infrastructure, but it must promote wellbeing, sustainability and active travel to be fit for the office of the future. Stockport Exchange ticks all those boxes and existing occupier feedback has been really positive on how the scheme fully serves the needs of their teams.”
“Together with our partners at Stockport Council, we’re investing in and repurposing the town centre, transforming it into one of the most connected and vibrant destinations, which is acting as a catalyst for further place-changing regeneration through the Mayoral Development Corporation.”
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. In the wider MDC area, planning officers also gave the green-light to a flagship residential scheme at Weir Mill being delivered by CAPITAL&CENTRIC.
Cushman & Wakefield and CBRE are acting as joint agents for the scheme.
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