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Mon June 14 2021

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Muse preferred for £100m Aberdeen redevelopment

8 May 13 Muse Developments, in joint venture with Aviva Investors, has been appointed preferred bidder to work with Aberdeen City Council on the redevelopment of the St Nicholas House site in Aberdeen.

The £100m project will be fully funded by Aviva Investors.

Muse, the urban regeneration division of Morgan Sindall, is proposing to develop a mixed-use quarter for the city on the brownfield site which previously housed the city council’s corporate headquarters. The proposal is for a 10-storey development of offices, a hotel, cafés, restaurants and shops. There will also be public space including a small civic square and pedestrianising Broad Street.

The council will lease the development from Muse and receive a proportion of the rental profits for 35 years, after which the site and development will transfer into council ownership.

A public consultation lasting 12 weeks will be carried out before any planning application is submitted. The site will be developed in a single phase and Muse aims for completion during 2016.

The site will be developed in a single phase and Muse envisages completion during 2016, tying in with Aberdeen's aspirations to be UK City of Culture in 2017 – assuming a straight transfer to construction following completion of the demolition of St Nicholas House.

Morgan Sindall Group chief executive John Morgan said: "Muse Developments is delighted with the opportunity of working on this scheme. We have a strong track record in similar joint venture regeneration projects and are confident that we will deliver a successful living and working destination. We are excited to be working with Aberdeen City Council and look forward to bringing innovation and long-term value for the people of Aberdeen."  

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