The Mayor of the West Midlands Andy Street launched £10bn worth of projects to international investors on the opening day of MIPIM (2019) – the annual conference for property professionals held in Cannes, France.

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West Midlands unveils £10bn investment programme at MIPIM





The Mayor of the West Midlands Andy Street launched £10bn worth of projects to international investors on the opening day of MIPIM (2019) – the annual conference for property professionals held in Cannes, France.


Leading the delegation of the West Midlands Combined Authority (WMCA), Andy Street unveiled an Investment Prospectus consisting of 24 development opportunities from across the region that are seeking investment, many of which lie in Birmingham.

The Prospectus, containing current investment opportunities and ones coming soon - will provide investors with the opportunity to make their mark on a booming city regularly named as the UK’s most investable for foreign investment and business start-ups, as voted by 500 of Europe’s top property experts.

With a record number of developments underway and a healthy pipeline of projects on the horizon, Birmingham represents an attractive opportunity for investors all itching for the chance to deliver on some of the UKs biggest projects.

Some of these projects include:-

  • £2bn+ UK Central Hub and HS2 Interchange
  • £700m Paradise Birmingham
  • £1bn+ Birmingham Curzon HS2

Curzon Street Station HS2 

dndimg alt="" dndsrc="../uploadedfiles/Curzon Street HS2 terminus(2).png" />©Grimshaw Architects

This Grimshaw Architects & WSP UK designed station will form Phase 1 of HS2, and will link central London with the Second City. It will also enter the history books as being the first intercity train station built since the 1800's.

With preparatory works underway and a planning application for the station due soon, a £724m investment programme has been agreed with the Government that will not only create a spectacular new gateway station for Birmingham and its rail passengers, but be fully integrated into an extended Midland Metro Alliance tram network, as well as offering countless connections to the rest of the city and beyond.

HS2 will ignite and accelerate the expansion of the city’s office core and unlock land around the Curzon Street regeneration area, with a number of growth opportunities for commercial and residential uses in the pipeline, with Birmingham City Council as promoter working with Homes England as well as landowners to identify land ripe for development.

Paradise Birmingham

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This £700 million Joint Venture is being led by Argent and Hermes and will deliver a high quality mixed-use development right in the cultural heartbeat of Birmingham.

We will see ten new buildings totalling 1.8 million sq ft, including offices, bars and restaurant space, all around a new public realm complimenting its historic city centre setting.

Phase One of ‘Paradise’ (two new buildings) will complete later this year. These include One and Two Chamberlain Square.

One Chamberlain Square - an Eric Parry Architects designed building comprises 172,000 sq ft of offices and ground floor commercial space. PwC will move 1400 employees into the building later this year and it will become their signature Midlands HQ. There is also the potential growth for an extra thousand more employees if needs be. BAM Construction have been tasked with finishing the job that Carillion couldn’t.

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dndimg alt="" dndsrc="../uploadedfiles/One Chamberlain Square - Artist Impressions.jpg" style="width: 100%;" />©Paradise Birmingham

Two Chamberlain Square – Designed by Birmingham’s own Glenn Howells Architects. Standing at eight storeys, it is being speculatevly built and features 183,000 sq ft of offices with ground floor commercial space fronting onto a new public realm. A significant pre-let is not too far away from being announced here. It is also being built by BAM Construction.

dndimg alt="" dndsrc="../uploadedfiles/The Construction of Two Chamberlain Square - March 10 2019.jpg" style="float: left; width: 100%;" />

 

dndimg alt="" dndsrc="../uploadedfiles/One and Two Chamberlain Square - Artists Impressions.jpg" style="width: 100%;" />©Paradise Birmingham

Phase 2 of Paradise includes the 13-storey One Centenary Way, another Glenn Howells Architects design and faces onto Centenary Square.

dndimg alt="" dndsrc="../uploadedfiles/One Centenery Way - Render.png" style="float: left; width: 100%;" />

 

©Glenn Howells Architects

This has been approved, funding has been secured and construction will get underway imminently. The building will be speculatevely built, such is the confidence in Birmingham these days and will feature 280,000 sq ft of office space, with shops and restaurants at ground and upper ground level. It will also feature the city’s first major Cycle Hub, with bike hire.

dndimg alt="" dndsrc="../uploadedfiles/One Centenary Way - Artists Impressions.jpg" style="width: 100%;" />©Glenn Howells Architects

Also due in Phase 2 is a new 4 star hotel with approximately 250 bedrooms; and Three Chamberlain Square, offering more Grade A Offices, retail space and a new square. These can be seen below, but they are indicative images. Formal planning applications on these buildings have yet to be released.

dndimg alt="" dndsrc="../uploadedfiles/Two Chamberlain Square - Artists Impressions.png" style="width: 100%;" />©Paradise Birmingham

Phase 3 has outline planning permission to deliver a further five buildings and a new large public square and will follow in the same vein as Phases 1 & 2.

UKCENTRAL 'The Hub' & HS2 Interchange

UKCentral, or 'The Hub' is a 20 year growth plan on an area of land in Solihull, just off Junction 6 of the M42 motorway. It is home to Birmingham Airport; the National Exhibition Centre (NEC); Birmingham International Station; Birmingham Business Park; Jaguar Land Rover; and the Arden Cross development site which will be the location of the HS2 Interchange Station from 2026.

dndimg alt="" dndsrc="../uploadedfiles/UKCentral The Hub - Artists Impressions 1.jpg" style="width: 100%;" />©Urban Growth Companydndimg alt="" dndsrc="../uploadedfiles/UKCentral The Hub - Artists Impressions.jpg" style="width: 100%;" />©Urban Growth Company

The Urban Growth Company (a vehicle formed by Solihull Metropolitan Borough Council and supported by WMCA and GBSLEP) is partnering with West Midlands Combined Authority to maximise the opportunities with the arrival of HS2 in 2026 and are working with HS2 Ltd to link planned and existing local and regional transport to HS2, which will deliver £1.6 bn worth of infrastructure investment, with the potential to deliver up to 77,000 new jobs, 775,000 sq ft of commercial space & an urban quarter of up to 5000 new homes, with HS2 Interchange Station (below) at its heart.

dndimg alt="" dndsrc="../uploadedfiles/UKCentral - HS2 Interchange Artists Impressions.png" style="width: 100%;" />©HS2 Ltd

HS2 Interchange will be the first stop outside London in 2026 and will bring together a fully-integrated and seamless transport exchange at a newly transformed Birmingham International Station (see below) – bringing together the NEC, future NEC City, airport, road, trams, plus the rail network that will see it become an international gateway by 2025.

Investors are being given the opportunity to support these plans by becoming long-term equity investors, large scale development funders and partners. All this will significantly contribute to growth and deliver thousands of new homes and jobs, as well as new commercial and leisure facilities and unrivalled connectivity that Birmingham and the surrounding areas has to offer.

dndimg alt="" dndsrc="../uploadedfiles/UKCentral - Birmingham International Station.jpg" style="width: 100%;" />©Urban Growth Company

Street said: “We are building the future and there’s never been a better time to invest in the West Midlands. We have a diverse, resilient economy, one of the youngest and fastest growing populations in Europe, great quality of life, unrivalled connectivity, brilliant centres of learning, and world-class businesses, large and small.

“This provides us with a once-in-a-generation opportunity to drive inclusive growth across the region that benefits all our communities.

“This £10bn investment prospectus demonstrates the strength of our offer and the boldness of our vision. We are the most promising place to invest in the UK – and, like all good businesses, we have a plan and are delivering it."