Stockport Council approves Sainsbury's for Knightsbridge site - MIDAS

Stockport Council approves Sainsbury's for Knightsbridge site

9 January, 2008 – Stockport Council approves Sainsbury's for Knightsbridge site

Stockport Council’s Executive Members have chosen J Sainsbury’s Ltd as the Council’s preferred developer for the Knightsbridge site on Great Portwood Street.

The 3 hectare site has been earmarked for mixed-use redevelopment for many years.

The launch of Future Stockport – the Council’s £500m regeneration plan for the town centre – positioned Knightsbridge as one of the key projects and the Council is keen to drive forward a scheme which redefines this important area.

Councillor Sue Derbyshire, Stockport Council’s Executive Member for Regeneration, commented: "The comprehensive redevelopment of Knightsbridge is a major part of our Future Stockport masterplan.

"Since we made the decision to market the proposal, the level of interest has been exceptional.

“Having studied the short listed schemes, we have considered the final report and recommendations from Council officers and agreed that J Sainsbury’s proposal represents excellent value with exciting possibilities for the redevelopment of Knightsbridge.

"It also opens up discussions regarding the redevelopment of their existing store on Warren Street, which is particularly interesting."

More details on the scheme itself will be available later in 2008. The decision is subject to call-in by the Scrutiny Committee.

Stockport Council is being advised by Development Consultants Cushman & Wakefield.

Source: Stockport MBC press release


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