Market Leads & Opportunities

Muse in line for Wirral regeneration

Source: http://www.theconstructionindex.co.uk/

Wirral Council has selected Muse as its partner for a £1bn regeneration plan.Wirral Growth Company is being set up as a 50/50 joint venture between the council and Morgan Sindall’s regeneration business.The council’s cabinet will meet on 28th February to approve a recommendation to set up the company with Muse.Sites in line for redevelopment include Bebington, Birkenhead, Bromborough, Moreton and Seacombe, with new homes, commercial, retail and leisure developments.Council leaders also say they are keen to see regeneration take place in New Ferry following the gas explosion nearly 12 months ago.Four consortia competed to be the joint venture partner for Wirral Growth Company, before Muse was selected.Under the proposals, all the profits from the developments will be split 50/50, with the council’s share providing income to be reinvested in front-line services.