URBAN regeneration and property development company Muse Developments – delivering Blackpool’s £220m Central Business District regeneration – contributed to a resilient set of preliminary results for the year.
Parent construction and regeneration group Morgan Sindall Group plc recorded profit before tax, amortisation and non-recurring items of £45.3m (2010: £51.3m) with revenue up six per cent at £2,227m.
The group’s forward order book currently stands at £3.4bn with a growing regeneration pipeline of £1.8bn, and a further £600m of regeneration schemes at preferred developer stage.
In Blackpool, Muse is working with Blackpool Council to deliver the £220m business district which will create new retail, commercial, community and hotel space, town centre parking and transport facilities.
Nigel Franklin, joint managing director of Muse, said: “We are actively building new offices, homes and retail and leisure facilities.
“This is an endorsement of our business model which provides both geographic and sector spread through a focus on truly mixed-use development.”