Plans submitted for third phase of Stockport regeneration scheme

WCN Editorial Team 8 Jan 2018 EUROPE BUILDINGS

Muse Developments and Stockport Council have submitted a planning application for the third phase of the £145m mixed-use regeneration scheme at Stockport Exchange.

Muse is delivering the project in partnership with Stockport Council.

Under the plans for the next phase, a new 60,000ft2, six-storey office building will be developed next to existing One Stockport Exchange.

Outline planning approval for the scheme has already been secured and a reserved matters planning application has been submitted for the third phase.

The second phase was completed in December 2016 and One Stockport Exchange was let within six months.

Recommerce business musicMagpie took one floor as its new UK headquarters and national bus operator Stagecoach is occupying the other three floors. A Sainsbury’s Local and coffee shop Cafelito are open in the ground floor retail space, which is also fully let.

Furthermore, second phase also delivered a 115-bed Holiday Inn Express and a new pedestrianised public space outside Stockport Railway Station. The road layout has also been reconfigured to improve access to the station. A dedicated drop-off facility and a new taxi rank have also been provided at the station.

Work at the site is planned for summer 2018 and third phase is expected to be completed in spring 2020.

The scheme will deliver up to 375,000ft2 of office space and 28,000ft2 of commercial floor space.

The first phase of the scheme – a 1,000 space multi-storey car park operated by NCP – was completed in 2014.

Muse development director Wes Erlam said: “The first two phases at Stockport Exchange have been a great commercial success, as well as completely transforming the area around the train station into a welcoming and attractive new public space.

“We’re now looking to deliver a further office building, which will bring more jobs to the area and add to the vibrancy of this new commercial quarter.”

Stockport Council cabinet member for economy and regeneration, Councillor Kate Butler said: “The success of Stockport Exchange phase two was phenomenal and the buildings were fully let within just six months of completion, with demand for the office building being much higher than it was capable of accommodating.

“This reflects the natural advantages of Stockport as a location for businesses, with exceptional links to London, Manchester, and the motorway network – alongside ongoing redevelopment of which Stockport Exchange is a part.

“To build on this, we look forward to working with Muse again to press ahead with the next phase of the development, creating many new jobs and opportunities from which local people and companies can benefit.”

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