Bid Race Starts for £350m Swindon Scheme
Friday, 24th February 2012The tender race for the £25m first phase of the £350m Union Square scheme in Swindon will start next week with work due to start on site in May. Swindon Borough Council’s planning committee have approved a planning application by Muse Developments and the Homes and Communities Agency (HCA) to deliver the first stage of the project. Forward Swindon, the company responsible for economic growth and development in the borough, has facilitated the scheme on behalf of the council. Councillors approved plans for one residential building comprising of 45 assisted living apartments and a high-quality 850 space multi-storey car park. The apartments will be operated by locally based housing group GreenSquare, which is funding the residential element with private finance and investment from the HCA and Swindon Borough Council. GreenSquare will own the new homes which will be managed by Swindon Borough Council initially for five years. The car park will be managed by the council when complete. Developer Muse – which is part of Morgan Sindall – will start calling for bids on Monday. Six firms will be invited to tender with a winner chosen by the end of April and construction getting under way late May with a 16 month build programme. Muse Developments is a national developer with revenue of more than over £2bn, which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments. Forward Swindon is responsible for regeneration, economic growth and cultural development in the borough.