Second phase of Stockport Exchange scheme begins
THE second phase of the Stockport Exchange development, is now under way.
Muse Developments has appointed Lancashire’s Eric Wright Construction to deliver phase two, which includes a new 115 bed hotel, a 50,000 sq ft, five-storey office building with ground floor retail space and a new public space outside Stockport train station.
The road layout will also be reconfigured to improve access to the station and provide a dedicated drop-off facility.
Stockport Exchange, a venture between Muse and Stockport Council, is at the heart of the vision to create a new commercial district and commuter hub in the town.
Wes Erlam, development director at Muse, said: “Appointing a contractor and starting on site for the second phase of Stockport Exchange means we’re one step closer to realising this major new mixed-use development for Stockport.
“It will build on the success of the first phase and deliver a brand new hotel and much-needed, Grade A office accommodation at an excellent location in the town centre. We’re looking forward to working closely with our partners to transform this area into a welcoming and thriving new commercial district.”
Cllr Patrick McAuley, executive member for Thriving Economy at Stockport Council, added: “I am delighted that work on the next phase of Stockport Exchange has begun on site. This and the appointment of Eric Wright Construction as the contractor for this stage of development are a huge step forward in realising our vision for the town centre.
“The development of Stockport Exchange will bring with it new jobs and opportunities for local residents and businesses which is why it plays such an important part in our Investing in Stockport programme.”
Completion of the office and hotel is expected in autumn 2016. Stockport Exchange will ultimately deliver up to 375,000 sq ft of office space and 28,000 sq ft of commercial floor space.
The first phase of the scheme – a 1,000 space multi-storey car park operated by NCP – was completed last year and is open to the public.
DTZ and CBRE are appointed as joint agents for the scheme.
