Wolverhampton regeneration gathers pace wth start of Interchange 10 development

THE regeneration of Wolverhampton city centre has gathered pace with the official start of a new multi-million pound council-backed development.
 
Interchange 10 is set to provide much-needed Grade A office accommodation – the first of its kind in the city. The wider scheme will also see the redevelopment of the railway station and Metro stop.
 
Wolverhampton City Council has invested £10.6m in the project, which it hopes will attract further investment, create jobs and form part of the new central transport hub.
 
The scheme, being delivered with Balfour Beatty and Neptune Developments, is intended to become the gateway to the city for people arriving via the national rail network or by bus.
 
Cllr Peter Bilson Wolverhampton City Council’s cabinet member for Economic Regeneration and Prosperity, said: “We can now see the start of construction work on the office buildings – the only top grade office accommodation in our area.
 
“It is a major milestone for this leading city centre regeneration project which will create jobs and attract further investment.
 
“The city council has invested £10.6m in the scheme which highlights our commitment to the delivery of long-term growth for Wolverhampton. Seeing building work get underway is hugely encouraging for people and business in Wolverhampton and demonstrates confidence and optimism in the city to potential investors.”  
 
Steve Parry, of Neptune Developments said: “The Grade A office space, along with new leisure and retail facilities, will keep up the momentum of the Interchange project and send out a clear message that Wolverhampton city centre is a place to locate.”
 
Balfour Beatty has pledged to procure a high proportion of supply chain partners from the local network to work on the development.

The city council said the scheme, due for completion at the end of 2015, was already attracting significant interest from a number of potential retailers and businesses.