Morgan Sindall division will redevelop former city council HQ
Muse Developments has won a 拢100m scheme to redevelop Aberdeen City Council鈥檚 former headquarters, St Nicholas House.
Muse will deliver a mixed-use scheme including offices, a hotel, cafes, restaraunts and retail space.
Muse 鈥� the regeneration arm of Morgan Sindall 鈥� has won the project in joint venture with Aviva Investors.
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.
John Morgan, chief executive of Morgan Sindall Group, said: 鈥淢use Developments is delighted with the opportunity of working on this scheme.
鈥淲e have a strong track record in similar joint venture regeneration projects and are confident that we will deliver a successful living and working destination.
鈥淲e are excited to be working with Aberdeen City Council and look forward to bringing innovation and long-term value for the people of Aberdeen.鈥�
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