MUSE Developments, the urban regeneration and property development company, yesterday revealed that it had enjoyed a “positive year” in which it started work on a number of major projects in Yorkshire.
During 2014 Muse, which is part of Morgan Sindall, was involved in schemes that provided a shot in the arm for Yorkshire’s economy.
Morgan Sindall began to develop Sovereign Square in Leeds with the construction of a 60,000 sq ft office development for KPMG. This is the first of three buildings which are proposed for a new area of green public realm on Sovereign Street.
While trading conditions remained “challenging”, Morgan Sindall Group revealed that it had delivered an operating profit of £26.5m before adjustments in 2014, compared with £16.2m the year before. Muse has also started building work on the first ‘big shed’ scheme at Logic Leeds, a 110-acre manufacturing and distribution development.
Last year, work also started on
the first phase of residential development at The Gables, a 54-home scheme in Doncaster’s Civic and Cultural Quarter.
Morgan Sindall Group’s specialist housing provider Lovell is building the new energy-efficient homes. The scheme is part of the £300m regeneration of the Waterdale area of the town.
Muse has also started work on 51 new luxury homes at the Lakeside, which is two miles south east of Doncaster.
Dan Needham, the regional director for Yorkshire and the North East at Muse Developments, said, yesterday: “2014 has been a positive year for us, with renewed confidence in the market, increased appetite for investment and continued support from our public sector partners. We’ve seen significant progress on our schemes across Yorkshire, including handing over a landmark new office in Leeds city centre to KPMG, and a manufacturing and distribution development Logic Leeds starting on site.”