Birmingham City Council has today announced details of its procurement plans for the selection of investor and developer partners to take forward the housing led regeneration of the Ladywood area.
The Council is to use its time at MIPIM, the international property conference held in Cannes, to talk to investors and developers about the exciting plans to deliver what will be one of the largest city centre estate renewals in the UK.
The Council submitted a PIN (Prior Information Notice) to the Official Journal of the European Union (OJEU) in February and will begin the formal procurement process on 26th March and will invite successful bidders to participate in dialogue by 21st June. The Council will look to select a development partner that can demonstrate a successful track record of delivering housing regeneration initiatives to lead the work on Ladywood.
With the city’s population set to grow by 10% over the next 15 years there is a pressing need to deliver more family housing within accessible locations.
The 62 ha area, located in the city centre, has long been identified as a location that could deliver family housing alongside enhanced public spaces, pedestrian routes and community facilities.
The partner will be required to work closely with the local community to define a new masterplan for the area that responds to the needs of residents and delivers the scale of improvements envisaged through the Big City Plan.
Cabinet Member for Homes and Neighbourhoods, Cllr Sharon Thompson, said
“This is a huge opportunity to help transform the lives and opportunities of the people that live in this part of the city centre. There will be a real chance for everyone with a stake in the neighbourhood to have their say and help shape the future of the area.”
Identified in the city’s Big City Plan the Ladywood area is located between the major redevelopments currently underway in Westside and along Broad Street and the housing growth planned at Greater Icknield.
Corporate Director for Inclusive Growth, Waheed Nazir, said
“It has always been our intention, since we launched the Big City Plan in 2010, to bring forward a housing led regeneration initiative for the Ladywood area. With Birmingham now enjoying a significant renaissance there is an opportunity to secure a partner who shares our ambition to deliver more family housing and create a high-quality sustainable place for current and future residents. We will be launching a procurement process to find a partner shortly.”
The decision to bring forward the regeneration initiative and commence the process to find a development partner was approved at the City Council’s Cabinet meeting on the 12th February 2019.