OPERATING profits for the parent company of the development giant responsible for delivering Warrington town centre’s car park and temporary market hall totalled £68.6 million in 2017.

Urban regeneration and property development firm Muse Developments has contributed to preliminary results released today, Thursday, by parent company Morgan Sindall Group.

The group’s operating profit for the year was up 41 per cent to £68.6 million.

During 2017, Muse moved forward on 18 projects, with a total construction value of £400 million.

The company expects a further £420 million worth of contract awards over the next 12 months.

Construction was completed on a 1,100-space multi-storey car park and temporary market hall as part of the Time Square regeneration scheme.

The next phase, comprising a multiplex cinema, a 42,000 sq ft market hall, family-friendly restaurants, new council offices, retail units and a new public square, has also commenced.

Mike Horner, regional director for the north west at Muse, welcomed the preliminary results.

He said: “2017 was another strong year for Muse, working closely with our partners to deliver major regeneration schemes and create vibrant and sustainable new places in our town and city centres.

“We saw some significant milestones achieved throughout the year on a number of schemes across the north west and Wales.

“A new multi-storey car park and temporary market hall was completed at Time Square in Warrington and work is continuing on site with the development of the new cinema, market hall and council office building, which are all due to open in spring 2020.”