THE Mayor of the West Midlands, Andy Street, has launched £15bn worth of housing, regeneration, commercial and infrastructure development opportunities to international investors at the MIPIM property conference in Cannes, South of France.
MIPIM is the world’s leading real estate event, bringing together more than 20,000 property professionals from around the world, including over 4,000 investors, representing hundreds of billions of pounds in capital.
Speaking at an event at the UK Government Pavilion at MIPIM, the Mayor unveiled more than 20 diverse development opportunities from across the region, all featured in the West Midlands Investment Prospectus 2022.
The opportunities include:
Birmingham Curzon HS2: major investment opportunities around the new HS2 station include commercial, residential, leisure, energy, and education development.
UK Central Solihull: significant opportunities around the HS2 Interchange Station at Arden Cross, across the UK Central Hub, and broader Solihull, with investment in commercial, residential, leisure and energy sectors
Key regional growth corridors and hubs: developments guided by the Perry Barr 2040: Vision for Legacy masterplan; Phase 3 of the landmark Paradise Development in Birmingham City Centre; and a new opportunity area linking Coventry and Warwickshire.
Urban centres and strategic sites: regeneration schemes including Nuneaton town centre redevelopment; the 125-hectare West Midlands Gigafactory site at Coventry Airport; the South Site of automotive innovation cluster MIRA Technology Park; and a significant residential and commercial development on the site of the former MG Rover car plant at Longbridge.
The West Midlands Combined Authority (WMCA) has been used its presence at MIPIM to engage with international investors, putting the region on the global stage, and highlighting the best opportunities for investment across all property and regeneration sectors.
“We are taking a bold approach to winning investment, anchored by our nationally-acclaimed devolved housing and regeneration programme and our dedicated capital investment strategy – the first of its kind in the UK,” said Mr Street.
“We have a clear and compelling proposition to put to investors on the world stage, underscored by a genuine demand for affordable local housing alongside inclusive, sustainable places helping our communities to thrive.”
