Andy Street, mayor of the West Midlands, has launched £15bn worth of housing investment opportunities at the MIPM property conference in Cannes, South of France
Speaking at an event at the UK Government Pavilion at MIPIM, the Mayor unveiled more than 20 diverse housing investment opportunities from across the region, all featured in the 2022 West Midlands Investment Prospectus.
Prior to Covid-19, the West Midlands was the fastest growing economy outside of London, worth almost £120bn. In addition to this, housing delivery in the region has doubled over the past decade, and has the largest house price growth of any region in 2020/21.
The housing investment 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) will use 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.
‘Nationally-acclaimed devolved housing and regeneration programme’
Andy Street, mayor of the West Midlands and chair of the WMCA, said: “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.
“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.
“With the Birmingham 2022 Commonwealth Games and HS2 on the horizon and the UK Government’s Levelling Up agenda centre stage, we have a once in a generation opportunity to make this a game-changing moment for the West Midlands.
“I know that our stellar public-private delegation will make the most of MIPIM and ensure investors grasp the true scale of the development opportunities available right across our region.”
The WMCA has secured close to £5bn of national Government investment for the region, and is showcasing levelling up in action, with a nationally leading brownfield regeneration programme.
In addition to this, a £1.3bn five-year transport package to decarbonise and expand the region’s network and a comprehensive training programme has also been secured.
