Morgan Sindall Group plc is pleased to announce that Muse Developments, its Urban Regeneration division, has been appointed by South Tyneside Council as the sole developer of the £100m South Shields 365 town centre renewal.
The South Shields 365 plan proposes a radical town centre redevelopment with a new retail quarter in the Fowler Street West area. The scheme will create a new cinema, library, 175,000 square foot of retail and leisure facilities including a food store, as well as a hotel. The Council is also working with Nexus (the Tyne and Wear passenger transport executive) to bring improvements to the Metro system along with a new transport interchange. Work is due to commence summer 2014 and is expected to take six years to complete.
John Morgan, Chief Executive, Morgan Sindall Group plc said: “We have a strong track record in delivering complex, mixed-use regeneration schemes and we are delighted to be working alongside South Tyneside Council to revitalise South Shields town centre. This important project will see the creation of a vibrant retail and leisure quarter as well as the development of new homes and will unlock new opportunities for residents, businesses and visitors to the area.”