Coventry & Warwickshire prepares for biggest ever MIPIM

A delegation of civic and business leaders from Coventry and Warwickshire is heading to this year’s MIPIM property exhibition armed with the largest regeneration agenda in the area’s history.

The major schemes announced since the turn of the year along with longer established regeneration targets will form the basis of the region’s presence at the event in Cannes.

Plans for the City Centre South mixed-use development will be a major part of the area’s offering.

Coventry City Council has chosen London-based Shearer Property Group to deliver the ambitious scheme.

Shearer, which is behind the Cathedral Lanes restaurant quarter in the city, will lead the £360m development, which is intended to radically transform a large part of the city centre.

The 818,000 sq ft development will feature a major department store, three flagship stores, 50 new retail units, a hotel, cinema, restaurants and residential units.

Around £82m is also being invested in the facelift to Coventry railway station, which has seen the highest growth in rail passengers in the last five years outside London.

The expansion of the project, which has been financially supported by the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) through the Growth Deal Fund, will include a new footbridge, a second entrance, a new multi-storey car park, a public transport interchange and highways improvement which will help in the delivery of the Friargate Masterplan.

A new bay platform will enable a new service to operate between Coventry and Nuneaton, and free up capacity on the existing line.

Plans to develop Nuneaton town centre will also be taken to France along with the scheme which will see the regeneration of Old Town in Leamington, leading to a new creative quarter intended to enhance the town’s reputation in digital industries.

Plans to create an Innovation Campus at the University of Warwick’s 472-acre site at Wellesbourne will also be showcased for the first time.

LEP chairman Jonathan Browning said: “We have a varied and buoyant economy across a variety of sectors and a strong record in attracting inward investment. Our presence at MIPIM showcases that progress and underlines the opportunities which our area can offer.”

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