Solihull opportunities showcased to MIPIM investors
Key development opportunities within Solihull town centre have been showcased to investors at the MIPIM international property conference.
Part of the wider UK Central scheme, Solihull town centre’s masterplan identifies the potential for up to 1,400 new homes, over 70,000m² of new office space and 11,000m² of commercial and leisure space.
The ambitious plans aim to capitalise on Solihull Council’s record for attracting investment and building upon the town’s strong occupier demand and low retail vacancy rates.
This is supported by a skilled workforce and good connectivity, the latter being a leading factor in attracting international companies including BNP Paribas, RWE nPower and Tesla to the area.
Interest is being sought for a new landmark office scheme at a key gateway location, near to the town’s railway station and commercial centre. This would have the potential to develop up to 13,000m² of Grade A office space.
Future opportunities include ‘Solihull Living’ – a range of prime residential and mixed-use opportunities at the heart of the retail core of the town.
Feasibility work is also being undertaken for further development to support passenger growth from the railway station. The aim is to grow passenger volumes to three million per annum by 2043.
Cllr Ian Courts, deputy leader and cabinet member for managed growth, said: “Solihull’s strong reputation as a destination for business, entertainment and retail provides a solid base for our future growth and development ambitions, which we are now driving forward.
“The first stages of the masterplan are underway, with investment in infrastructure and public realm, creating connected quarters, with planned landmark developments at key gateways to the town.
“We welcome interest from partners who want to be a part of our development plans and play a role in Solihull’s future at the heart of the national economy.”
Andy Street, Mayor of the West Midlands, added: “The economy in the wider borough of Solihull is growing at one of the fastest rates in the country and it is vital to keep pace with this that the town centre develops in a structured way.
“Solihull has some really ambitious plans for the town centre and I am particularly pleased these proposals are being showcased on a global stage at MIPIM.”