Muse developments have been awarded a contract with Basingstoke and Dean Borough Council to build prime office space in the city centre.
A company will work with a Hampshire council to develop the Basing View business park that will add further prime office space to the area.
Manchester-based commercial development company Muse Developments has been named as Basingstoke and Deane Borough Council’s official partner for a £200 million regeneration project, which will see the creation of a new hotel and prime office space in Basingstoke.
The developers who hope this will establish the city as a 21st century business destination, are extending the range of facilities available on the pre-existing sixty five acre Basing View business park, located in the centre of the city.
Muse developments will work with the local council to develop in excess of 700,000 square feet on many council-owned plots within the area, amounting to over fifteen extra acres of commercial space.
The scheme will include a mix of new office space, a luxury hotel and a range of other supporting facilities that have as yet been unannounced.
It is hoped the project will have the potential to double the number of jobs available at the business park to near 10,000.
The council has confirmed that it will also commit £3.3 million to deliver critically important estate infrastructure improvements. This has already begun with the demolition of two redundant buildings and initial landscaping of the area.
Basingstoke and Deane Borough council has also earmarked a further £5 million of investment funds to help encourage new development at the scheme.
Muse developments has won two separate competitive tenders to work in partnership with the local council to create five separate sites in Basing View, as well as a specific project to create a business class hotel in the western end of Basing View.
Mike Auger, regional director for Muse, said: “We are delighted to have been given this opportunity to work alongside Basingstoke and Deane Borough Council to regenerate Basing View and welcome the strong contribution from the council which will no doubt assist in its delivery.
“We will now work together to finalise our plans for the site and aim to enter into the development agreements in the New Year,” he added.
The announcement follows the news that Network Rail are to locate a regional campus of approximately 175,000 square feet of commercial office space on the land adjacent to Basing View that will link directly into the business park.