The developer has submitted plans for an additional 64,000 sq ft office block, having already delivered a multistorey car park, hotel, and two offices totalling 120,000 sq ft.
Muse Developments is delivering the £145m Stockport Exchange, the redevelopment of the former Grand Central area of the town into an office-led, mixed-use scheme that will comprise 375,000 sq ft of workspace once complete.
So far three phases of development have been delivered at Stockport Exchange, located next to the town’s train station.
A 1,000-space NCP multi-storey car park was the first element to come forward, followed by a 115-bedroom Holiday Inn Express, and the two office buildings.
Occupiers at Stockport Exchange include Music Magpie, BASF, and Stagecoach.
In January, Stockport Council approved the closure of part of the surface car parking within the site to free up the necessary space to build phase four.
The latest phase of the project, which also features a 400-space multi-storey car park, will benefit from £4.2m from the government’s Getting Building Fund.
The decked car park is to sit next to the 1,000-space multi-storey park delivered as phase one of Stockport Exchange, which was funded by Canada Life.
Tom Webber, senior development surveyor at Muse, said: “Reaching the latest milestone in the Stockport Exchange story highlights confidence in our collective long-term vision for the scheme and is an endorsement of our commitment to investing in Stockport.
“Our partnership with Stockport Council has created the confidence for others to follow our lead and invest in the town. We’re committed to working with the council, as we continue to deliver place-changing, repurposed regeneration that drives growth.”
Cllr Elise Wilson, leader of Stockport Council, said: “This next phase will only strengthen our appeal as one of the North West’s premier business destinations.
“Our town centre is undergoing a radical transformation, with thousands of new homes and employment space being created, major improvements to Merseyway Shopping Centre underway and the Underbanks given a new lease of life. There’s never been a better time to live, work and play in Stockport.”
Cushman & Wakefield and CBRE are acting as joint agents for the scheme.