Birmingham Smithfield scheme moves forward
Published: 20 April, 2017
Cushman & Wakefield appointed to take forward £500m city centre scheme
One of the largest city centre regeneration opportunities in Europe has taken a major step forward following the appointment of Cushman & Wakefield to masterplan and market the site.
Birmingham City Council has appointed the company to regenerate the 14 hectare Smithfield market site, home of the city’s wholesale market.
The overarching vision for Birmingham Smithfield is for a landmark, sustainable, mixed use development including a family and leisure hub. It will include: a vibrant market and leisure hub, supported by independent retailers, restaurants and hotels, a lively public square, a wide pedestrian boulevard allowing people to easily access other parts of the city, integrated public transport and a residential neighbourhood offering modern, sustainable homes in a green setting.
Cushman & Wakefield will be working to evolve the masterplan with Birmingham City Council and launching the search for a delivery partner.
Development of the site is expected to deliver over 3.2m sq ft of new floorspace, 2,000 new homes and 3,000 new jobs and an investment value of over £500m.
David Tonks, Head of Cushman & Wakefield’s Birmingham office, commented: “The Smithfield market site is one of the key regeneration opportunities in Europe and a rare chance to rejuvenate 14 hectares of land within the heart of the city centre. The site is well placed to capitalise on the rich history of the area with close proximity to the city’s world class retail offer, the creative and knowledge hub and the future High Speed 2 terminus.”