Muse will deliver a major regeneration scheme in Greater Manchester.
The company has been selected by Oldham Council to bring forward its Creating a Better Place plan in the town centre.
As the main development partner, Muse will construct 2,000 new homes as part of the new neighbourhood.
Spindles shopping centre will also be redeveloped to “a place for all the community to use”, including new shops, workspace, leisure and entertainment facilities.
A new public park will be created in the town.
A new theatre will be built in the cultural quarter.
And the Old Town Hall’s Egyptian Room will be converted to a new food hall, with six food stalls, a bar, and a central seating area.
It will be built on mostly brownfield sites in the town, including the council-owned Civic Centre, in support of wider Greater Manchester Combined Authority (GMCA) and Homes England development plans.
More than 1,000 new jobs and 100 apprenticeships will be created.
It is also understood the scheme could mean £285 million of investment in the local economy, claimed Muse.
“Creating new homes on such a large scale will bring about a huge range of benefits for the whole borough, such as meeting Oldham’s housing need, increasing footfall in the town centre and boosting local businesses and breathing life back into derelict and under-utilised sites,” wrote Muse.
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