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05/10/2009

Muse Developments Strengthens Focus On Scotland

One of the UK's leading names in urban regeneration and mixed-use development, Muse Developments, is making a major strategic push in Scotland as it develops three major new projects.

The move, which includes the establishment of a dedicated Scottish team and strengthening of the management structure, will see the company firmly underpin its strength, reputation and success in delivering multi-million pound projects that focus on quality and sustainability, as well as reinforcing Muse Developments' business reputation as an organisation continuing to buck the current market trend.

Under the leadership of Steve Turner, regional director, Scotland, the team will be responsible for managing a range of community and commercial based projects, currently valued in excess of £354 million, that bring a fresh and innovative approach to property development.

Steve said: "This is a very exciting time for the Muse team. With the establishment of a permanent presence in Scotland, we will bring a wealth of experience and expertise - coupled with an enviable record of success - to the marketplace, which I am confident will put Muse firmly on the map as a major player in the Scottish commercial property sector.
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"Our traditional business model involves working in partnership with landowners, often from the public sector. We are actively engaged from the start of the development process and seek to add value through the bringing together of different regeneration stakeholders in partnership, who each have the same common end goal.

"It may be a challenging climate but there are regeneration and mixed-use development opportunities throughout Scotland and with our leadership and vision, we will be looking to seek out landmark sites in areas where profitable development has not been immediately obvious."

Muse has brought in Bruce Lindsay, to take up the role of senior development surveyor, reinforcing the company’s commitment to make a strong – and permanent – impact within Scotland's commercial property sector.

"Bruce is a highly experienced professional with a proven career track record including roles at Miller Developments and Safeway", added Mr Turner. "He brings a wealth of technical and managerial expertise to the business, coupled with a firm knowledge and understanding of the opportunities and challenges ahead."

From their Glasgow city centre premises at St. Vincent Place, the dedicated team will build on Muse's UK-wide portfolio, which currently comprises 24 projects - covering an estimated area in excess of 20 million sq ft and with an end value worth over £4 billion.

Recognised as a market leader south of the border, Muse Developments has previous experience of the Scottish market having been involved in the delivery of the 650-acre Eurocentral development off the A8/M8 since 1992.

Current projects for the company include a £55 million mixed-use development and ASDA supermarket at Larkhall, a £32 million town centre regeneration project in Bishopbriggs and a £35 million mixed-use development in Bearsden, which will bring a number of benefits to residents living in the area.

(GK/BMcC)

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