Stockport Exchange phase four advances
A 64,000 sq ft office building and a 400-space multi-storey car park are to be added to the mixed-use development close to Stockport station.
A report that goes before the council’s economy and regeneration scrutiny committee on 28 January seeks authority to proceed with the fourth phase of what has proven a successful scheme, delivered by Muse Developments and Stockport Council.
The report seeks to approve the closure of part of the surface car parking within the site to free up the necessary space to build out phase four.
The 3 Stockport Exchange office space will sit next to the offices already delivered within the masterplan site, which is mostly being built out towards the A6 from the station area.
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 and pre-let to NCP.
Phase two comprised a Holiday Inn Express hotel and 40,000 sq ft of office space, both delivered in late 2016. Music Magpie and Stagecoach rapidly took the office space.
Phase three comprises 61,504 sq ft of office space in 2 Stockport Exchange, just over a third of it let to BASF. The building was completed by GMI in June 2020.
In all, the £145m Stockport Exchange is to offer 375,000 sq ft of office space and 28,000 sq ft of retail and supporting uses, mostly overlaying the Grand Central development and surface car parking.
Authority is sought at next week’s meeting to finalise terms and enter into appropriate agreements to enable construction and funding, along with moving those tenants who currently use the surface parking to other town centre facilities.
The development team can then proceed with securing the necessary approvals to progress the scheme.
CBRE and Cushman & Wakefield are joint office agents on Stockport Exchange.
A SECOND large MSCP for a development centred around a well-connected Railway Station??!
By Burt
There are already excessive offices in Stockport and as for retail-Half the precinct is empty.I am sick and tired of ratepayers money being squandered on stupid schemes -Try spending some on the road network which is not fit for purpose.
By stephenson
Muse have done a great job here. Looking really smart around the station now.
By Derek
If I remember the background to this the car park is primarily intended for people coming to the station rather than people coming to the development. Some report a few years ago highlighted the need for better parking for people using WCML services (i.e. nipping down to London for the day) rather than local commuters. Wonder also if the council are eyeing up using it as an opportunity to allow other car park sites to be developed, for instance those on the Edgeley side of the railway within the development corporation area.
By Gethin
As with the last comment there is more than enough office space in Stockport- After Covid has decimated the landscape for office use will never be the same, it’s seems to many these are vanity projects just Stockport Council wants. They never seem to learn from their mistakes, just look at the state of the Redrock, looks dreadful, wrong location, and pre-covid was underused. Most of architects that developers use sit in there ivory towers in London never visited Stockport but draw something that’s dreadful, out of place and is not sympathetic to Stockport’s heritage and history. The great railway companies a century ago said ( quote) build it and people will come, so what we need is upgraded railway stations,new railway lines, better transport in general, then build affordable housing in Stockport. Not vanity projects!
By Tony
Stockport Council declared a climate emergency a couple of years ago and now plans a 400 space car park. As the Americans would say Go figure?
By Anonymous
Is more parking needed saying multi storey ncp 1000 car space already there
By Derek
Good to that the Council is ambitious to improve job propects in Stockport and replace tired old buildings with modern develoment.
By Ged