THE prospect of imminent work starting on the Talbot Gateway scheme helped developer Muse post a strong set of results.
Parent regeneration group Morgan Sindall secured profits £51.3m on revenue of £2,102m.
Thanks to schemes including the central Blackpool regeneration plans, the group’s order book currently stands at £3.6bn.
Working in partnership with Blackpool Council, Muse will deliver a comprehensive 12.8 hectare redevelopment of the north eastern part of the town.
The scheme will create new retail, commercial, community, residential and civic office space, in addition to town centre parking and transport facilities.
It will also include a new public square, council offices, a courthouse, a supermarket, two hotels, and a multi-screen cinema.
“Our presence in a number of long-term joint venture partnerships and strong open-market residential sales helped us to enjoy a productive year in 2010,” said Matt Crompton, joint managing director of Muse Developments.
“Although the market remains challenging, we’re starting to see an improvement including an increase in demand from the commercial sector.
“Our forward development pipeline remains extremely healthy and we expect another solid year in 2011.”
Mike Horner, regional director for the North West, adds: “These are exciting times for Muse in the North West.
“The anticipated start on site at Talbot Gateway demonstrates our ability to bring forward major regeneration projects in a difficult market.
“We remain confident in our ability to identify and lead on more successful regeneration programmes which will put us in a strong position for continued growth over the coming year.”
Muse Developments specialises in delivering complex mixed-use schemes, predominantly in town and city centre locations. Parent firm Morgan Sindall is a leading UK construction and regeneration group.
It operates through four divisions including fit out, construction and infrastructure, affordable housing and urban regeneration, and investment units.