Last updated 24 October 2018
Contractor Appointed for 2 Stockport Exchange
GMI Construction Group plc has been appointed as the main contractor to deliver 2 Stockport Exchange.
The new 60,000 sq ft six-storey Grade A office, will be constructed next to the fully let 1 Stockport Exchange, giving more companies the opportunity to move into one of South Manchester’s most successful business districts.
Sitting next to Stockport’s mainline rail station, from where businesses can enjoy unrivalled connectivity to London, Manchester and locations across the UK.
Stockport Exchange has proven highly successful from day one. Demand for space within the first office building, was much higher than it was capable of accommodating with both global re-commerce business, musicMagpie, and national bus operator Stagecoach quickly making it their new home. At the same time, the 115-bed Holiday Inn Express has received great reviews from guests is proving hugely popular.
Being delivered by Muse in partnership with Stockport Council, 2 Stockport Exchange is the next stage of work at Stockport’s £145 million flagship office development, creating a commercial hub in the heart of Stockport town centre. The development is part of a £1billion transformation underway across Stockport creating thousands of new opportunities and jobs for businesses and residents.
Greg Ball, Development Surveyor at Muse Developments, said: “It was a very competitive tender and we are pleased to have appointed GMI on the new office building at Stockport Exchange and look forward to working closely with them. Our focus is on delivering high-quality schemes and GMI have demonstrated an impressive track record in the office market.
“Stockport is a natural fit for businesses, thanks to its excellent transport links to London, Manchester and the motorway network. Following the success of the previous two phases, we are delighted to be starting on the third, which will bring more jobs into the area and add to the vibrancy of this new commercial quarter.”
Councillor Kate Butler, Cabinet Member for Economy and Regeneration at Stockport Council, said: “The success of Stockport Exchange has been phenomenal and 2 Stockport Exchange will build on this even further, and further set Stockport apart as one of the region’s leading business locations. I’m delighted to welcome GMI Construction to the 2 Stockport Exchange team and look forward to seeing work beginning over the coming weeks.
“An exciting and radical transformation is underway across Stockport with £1 billion being invested into Stockport making our town an even greater place to live, work, play and connect. Stockport Exchange sits at the heart of this work, not only transforming the physical area but creating many new jobs and opportunities for local people and companies to benefit from.”
Marc Banks, Commercial Director at GMI Construction Group PLC, said: “We are delighted to be awarded this prestigious project and look forward to working in partnership with Muse Developments, Stockport Council and the wider project team, to deliver this excellent scheme in Stockport’s growing commercial hub.”
Work on 2 Stockport Exchange is expected to begin over the coming weeks with the development completing in Spring 2020.
Stockport Exchange will ultimately deliver up to 375,000 sq ft of office space and 28,000 sq ft of commercial floor space.
Cushman & Wakefield and CBRE are appointed as joint agents for the scheme.
For further information about the development visit www.stockportexchange.co.uk