PIN issued for the £500 million Smithfield regeneration scheme
Birmingham City Council (BCC) has issued a Prior Information Notice (PIN) for the development services of real estate.
Birmingham Smithfield is one of the largest, most attractive city centre development sites in the UK. As Birmingham is transformed into a leading international player by billions of pounds of investment, the plan to reimagine the 14 hectare Smithfield area in the heart of the city centre is a vital ingredient.
The site will capitalize on the area’s rich history, proximity to major retail offerings, creative quarter and knowledge hub, and the future terminus for HS2. The vision includes new retail markets, family leisure facilities, cultural buildings, a residential neighbourhood, public squares and transport facilities. The ambitious project aims to deliver 300,000 square metres of new floorspace and 2,000 new homes with an investment value of over £500 million (US$623 million).
In September 2016, the Council prepared a detailed masterplan which sets out the vision and principles that will form the basis of the delivery of this unique opportunity for the city
Smithfield is within the Enterprise Zone and some funding is already secured with re-location of wholesale markets to new facilities within the city due to begin in 2017.
Further information is available here.
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