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Commercial Property

MIPIM 2014: º£½ÇÊÓÆµ Central opportunities on show

Attendees to Greater Birmingham’s stand at MIPIM 2014 will hear first hand from key players in the scheme, including Councillor Ian Courts of Solihull Metropolitan Borough Council and Sir Albert Bore, Leader of Birmingham City Council

A computer-generated image of the area around LG Arena under the º£½ÇÊÓÆµ Central plans

International investors are being invited to get involved in one of Europe’s largest development opportunities at MIPIM.

Attendees to Greater Birmingham’s stand at MIPIM 2014 will hear first hand from key players in º£½ÇÊÓÆµ Central, including Councillor Ian Courts of Solihull Metropolitan Borough Council and Sir Albert Bore, Leader of Birmingham City Council.

Construction is well underway at the º£½ÇÊÓÆµ Central site on the £150 million, seven-storey, 538,000 sq ft leisure and entertainment complex Resorts World Birmingham, which will open next year.

Birmingham Airport’s runway extension is due to be completed in June, which will see the airport able to handle jumbo jets from around the globe for the first time, opening direct routes to West Coast USA, China and South Africa.

Last September, Aero Engine Controls, part of the Rolls-Royce Group, started construction on a £60 million, 300,000 sq ft Advanced Manufacturing and Technology Facility, which will become the centre point of its global operation.

º£½ÇÊÓÆµ Central, in Solihull, is home to Birmingham Airport, the National Exhibition Centre and Jaguar Land Rover and is the site of the West Midlands’ proposed new High Speed Rail Interchange – where the junction of the north-south High Speed 2 route and the spur linking to Birmingham City Centre, Curzon Street station meet. Construction is set to start on the HS2 line and stations in 2017 with the first passenger services arriving in Birmingham in 2026.

Cabinet Member for Economic Development and Regeneration, Councillor Ian Courts said: “º£½ÇÊÓÆµ Central in Solihull is called just that, because it is central to the º£½ÇÊÓÆµ and is one of the best connected investment areas, which HS2 will only enhance. A talented workforce, a selection of investment opportunities and a ‘can do’ approach in an area with outstanding culture and heritage, beautiful countryside and excellent education, makes it the best place to invest, work and spend your leisure time.”

To capitalise on the wealth of major national assets in the region, it has been zoned. A masterplan sets out four economic opportunity zones (business, innovation, entertainment and High Speed 2) offering up to 230 hectares of potential development sites to 2040 and delivering 100,000 new jobs – with more than 110 hectares currently made available.