05/01/11

Stockport Council has started the search for a development partner to take forward the regeneration of town centre leisure complex Grand Central.

Since acquiring the site in January, the Council has worked hard to bring it to the market. Developers are now being invited to apply to be considered to partner the Council on what is one of the most exciting regeneration opportunities in the North West.

Its development will create up to 700 new jobs and attract up to a further £100 million private sector investment, with a 4.7 hectare mixed-use scheme including offices, parking and a hotel.

Councillor Dave Goddard, Leader of Stockport Council, said: “Since we took the bold and decisive decision to buy Grand Central, we have been overwhelmed with interest from developers.

“Through buying the site, we have shown potential investors that we mean business where regeneration is concerned. I am committed to making Stockport the best it can be, ultimately boosting the economy and creating jobs for local people, and this site is central to that plan.

“We have looked at the numbers very carefully to make sure this is good value for money, self-financing and in the best interests of the Council tax-payer.

“This is a once in a lifetime opportunity to secure the future of Grand Central and create an attractive and thriving gateway to Stockport town centre.”

The Council purchased the site in January from Deloitte, administrator of Targetfollow Property Holdings and has appointed DTZ to help put together the development brief and market this major development opportunity.

 

For more details on the site contact DTZ on 0161 455 3757.