Plans unveiled for £350m business development in Birmingham

Plans have been unveiled for one of the country’s biggest industrial developments, which could create 10,000 jobs in Birmingham.

The Peddimore scheme forms one of the highlights of the city’s presentation to this year’s MIPIM property exhibition, which gets under way in Cannes today.

Peddimore, in the north east of Birmingham, could make a £350m contribution to the local economy. At 71ha and with the potential to accommodate around 265,000 sqm of new industrial floorspace, the site is one of the most significant industrial opportunities in the UK.
 
With demand for commercial property extremely high, the city is hoping that investors will be attracted by the scheme’s potential opportunities.

The city council is using MIPIM to launch a so-called Visioning Document for Peddimore. The document sets out the development principles that would deliver the industrial scheme and how the needs of a range of industrial occupiers would be accommodated.
 
Birmingham City Council leader, Cllr John Clancy, said: “Peddimore shows our ambition to deliver an exemplary industrial scheme that will become a catalyst for major growth and investment.

“This is a fantastic opportunity to bring thousands of skilled jobs to the area on the edge of our great city with enviable transport links.

“We’re confident that this scheme will attract even more world-class businesses to the region, and I believe that presenting this Visioning Document at MIPIM will be the first step toward delivering a true legacy in the local area.”
How the Peddimore development could look
Located close to Sutton Coldfield town centre, Peddimore would align itself to the city’s main industrial corridor, which is already home to the likes of Jaguar Land Rover. The local authority believes the greenfield site’s scale, proximity to transport networks and major conurbations, and availability of skilled local labour will appeal to all sectors of the occupational market.
 
The positioning of the site on the fringes of logistics industry’s Golden Triangle is also anticipated to attract significant interest from national and international distributors.

The site has the potential to be one of the best connected industrial hubs in the UK, with key routes such as the M1, M5, M6, M6 Toll, M42 and M69 all within 30 minutes distance.

New public transport routes, including ‘Sprint’ – the bus-based rapid transit system – will provide additional links between Peddimore and Birmingham city centre and its new Birmingham Curzon HS2 station. Routes will also extend to the HS2 Interchange station at Birmingham Airport, offering the potential to connect Peddimore on a national and international scale.
 
Waheed Nazir, Strategic Director – Economy, Birmingham City Council, said: “Peddimore is a unique opportunity for a developer to partner with the city council in delivering a major industrial development at the heart of the UK.

“We are already home to some of the UK’s major manufacturing and automotive companies, such as Jaguar Land Rover. The Peddimore development will allow us to capitalise on that position and create the opportunity for major international companies to invest and grow in Birmingham.”
 

  • TheBusinessDesk.com, in association with Marketing Birmingham, will be in Cannes for this week’s MIPIM event. Check out our exclusive coverage here  

 

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