Deal gives fresh hope for stalled regeneration scheme

FRESH hopes have been raised for the future of a key regeneration site in Wolverhampton.

The redevelopment of the old Royal Hospital site suffered a major setback last year when Tesco pulled the plug on plans to build a supermarket .

Now the 12.5-acre site, which also comprises the former bus depot and further development land, has been sold by the supermarket group to the Homes & Communities Agency (HCA).

The undisclosed deal could now lead to a new residential scheme – including starter homes – alongside a potential new campus for Wolverhampton College. The scheme could utilise the listed former hospital buildings.
 
Wolverhampton City Council said the disposal of the site to the HCA marked a major step forward for the city’s regeneration.

Cllr Peter Bilson, deputy leader of the council and cabinet member for city assets, said: “It will not only bring new jobs, business and housing but will make it a key gateway to the city centre.”
 
The HCA worked with the Birmingham office of property agents, JLL, on the acquisition of the site.

Karl Tupling, the HCA’s executive director for the Midlands, said consent would deliver an enormous planning gain to Wolverhampton.

“Planning consent will deliver much needed housing, including starter homes, and potentially a new campus for the college.  We believe the Royal Hospital site will transform this gateway into an inviting new approach into the city centre,” he said.
 
Philip Farrell, director of development at JLL, added: “The HCA have been very forward thinking in acquiring the former Royal Hospital. It is an excellent site in an important location for the city.  We firmly believe that this is a wise use of public money to stimulate the development of this significant scheme.”