Regeneration specialist Muse has contributed to the financial growth of parent company Morgan Sindall Group, which reported a 10% revenue increase to over £4.5 billion and a 19% rise in adjusted operating profit to £172.5 million. The group’s secured order book grew 28% to £11.4 billion, with net cash reaching £492 million.
Muse’s development pipeline has expanded to £4.1 billion, up from £1.8 billion in 2023, driven by key partnerships. The company secured a Development Agreement with Bradford City Council for City Village, a project under its ECF partnership with Legal & General and Homes England, set to deliver up to 1,000 homes, workspaces, and retail spaces.
In Wakefield, Muse was named preferred Strategic Regeneration Partner, while in Hull, its ECF partnership was appointed as Development Partner for East Bank Village. This 15-year project could bring 850 new homes. The company also completed 113 affordable homes at Northshore in Stockton-on-Tees and delivered Forge Island, a leisure destination in Rotherham.
Additionally, Muse agreed to sell a 31-acre commercial site at Harrier Park in Hucknall and completed phase five infrastructure work for a new Nottinghamshire community.
The company is also expanding its partnership strategy through Habiko, a joint initiative with Pension Insurance Corporation and Homes England. The initiative aims to build up to 3,000 sustainable, affordable homes nationwide, including potential developments in Yorkshire and the North East.
