Midlands regions join forces to showcase billions-of-pounds’ worth of investment opportunities

More than 85 private and public sector organisations from across the Midlands will showcase billions-of-pounds’ worth of investment opportunities, as part of the Midlands UK delegation at MIPIM 2020 (Cannes, 10-13 March).

The Midlands UK delegation, which is supported by Midlands Engine and Department for International Trade, will highlight the region’s top schemes to global investors at MIPIM, the world’s leading real estate show. Key projects include:

  • Derby City Council’s £200 million redevelopment of Becket Well, which is set to contain more than 220 residential units in the first phase and up to 25,000 sq m of business space.
  • Dudley Council’s rapidly growing DY5 Enterprise Zone, in the heart of the Black Country, and regeneration projects in Brierley Hill and Lye town centres
  • Herefordshire Council’s £9 million Cyber Quarter – Midlands Centre for Cyber Security, which is due to open later this year. Investors will also hear about the £105 million 70 hectare Skylon Park and a £7 million Business Incubation Centre inside the Hereford Enterprise Zone, which is already home to investors operating in offshore oil and gas, avionics manufacturing, advanced airborne systems and the defence and security sector
  • Leicester and Leicestershire’s £100 million Space Park, providing an innovation, research and incubation facility for academics and private companies alongside new creative office, industrial and logistics workspace and the Lutterworth East development
  • Nottinghamshire Council’s 40-acre £650 million Boots Island site, which will eventually house a hotel, student accommodation and office and residential space
  • Shropshire Council’s Shrewsbury Big Town Plan, which includes the regeneration of the former Ironbridge Power Station a scheme that is set to deliver 1,000 homes, 20 hectares of employment land and Oswestry Gateway, which composes an 18 hectare employment site and an adjacent development site, providing up to 900 homes
  • Telford & Wrekin Council’s latest phase of its Town Centre Growth Programme, Station Quarter, which will provide investment opportunities to create new living and working space for businesses in the digi-tech and research and development sectors for office-based companies
  • The City of Wolverhampton’s Western Extension to its award-winning business park i54, which is set to create an additional 1,700 jobs and up to £300 million of private investment.

Sir John Peace, Chairman of Midlands Engine, said:

“The Midlands is open for business and MIPIM is the best place to tell the world about it. The region’s outstanding infrastructure, connectivity and talent pool of more than 11 million people makes it the perfect investment destination.

“The reason we attend MIPIM each year is simple: it brings investment into the Midlands which in turn creates regeneration, infrastructure, jobs and money for the public purse.

“All of these factors add to a strong UK economy, which ultimately enhances prosperity and quality of life for the people who live and work in the Midlands.”

A private-public partnership

Some 70 private sector partners will also join the cohort with partners such as Birmingham Airport, Cassidy Group, Lendlease and St Joseph attending the event. Others include Gleeds, Harworth Group plc and Extra MSA Group.

Cassidy Group will be unveiling a range of UK residential projects with values from £10 million – £100 million. The Group’s portfolio contains projects from eight different cities across the UK with a focus on student accommodation, private rental schemes (PRS) / build to rent (BTR) sector.

The Coventry-based Group has a UK-wide footprint with many projects situated in the Midlands. This year, Cassidy Group will be highlighting various projects including the £48 million PRS scheme Arkwright Street, which is located in Nottingham and will create 320 new residential units.

Arkwright Street is situated in a prime location close to Nottingham train station in the city centre and is adjacent to the new HMRC regional Headquarters, which opens in late 2021 with 4400 new employees.

Furthermore, the Group will showcase its £42 million Albany Road student accommodation scheme based in Coventry. The project will create 436 new student beds in Earlsdon, which is a prime location for students.

The new beds will be the first major Purpose Built Student Accommodation (PBSA) in Earlsdon and will help to meet the increasing requirements at both Warwick and Coventry Universities for PBSA.

Patric Cassidy, Director of Cassidy Group, said:

“Joining the Midlands’ public and private sector organisations at MIPIM enables us to have important conversations with key players and network with global investors to bring home fresh investment for not only Cassidy Group but also the whole region.

“We have a substantial development portfolio that is valued at £1 billion, including plans for more than 7,000 student beds and over 2,000 PRS / BTR units. We look forward to meeting with potential investment funds to discuss our exciting projects further.”

MIPIM provides the delegation with access to more than 26,000 delegates ranging from potential investors, partners, clients, suppliers and global property media. During the four-day show, there will be an action-packed event programme full of presentations, panels and showcases at the Midlands UK Pavilion (C16.D).

Midlands UK Platinum Partner, St Joseph, will highlight its Snow Hill Wharf neighbourhood, which is set to create over 400 new homes and feature three landscaped podium gardens, a gymnasium with a sauna and steam room, a luxury resident’s lounge and cinema room, as well as a 24-hour concierge. Snow Hill Wharf is projected to produce £5 million of economic impact to the local area.

Ashley Kensington, Managing Director at St Joseph, said:

“Having been in Birmingham for three years now, we know the Midlands is a fantastic place to invest and do business. There are strong political leaders, a clear vision for the future and ambitious regeneration programmes well underway.

“With Snow Hill Wharf set for first completions in 2021, St Joseph is proud to be part of this growth story.

“We are working in partnership with key stakeholders to create the new homes and opportunities local communities need. This includes starting work on our new development at Eastside Locks in Spring 2020.”

Comments from local leaders

John Forkin, Managing Director of Marketing Derby, said:

“Collaboration with the private sector is absolutely key to driving regeneration and investment opportunities.

“The technologies and innovation from the private sector can accelerate projects in a time and cost effective way, bringing forward much needed regeneration in towns and cities.”

Councillor Lee Carter, Telford & Wrekin Council’s cabinet member for the Borough Economy, said:

“MIPIM is a proven showcase for Telford with lasts year’s focus on our new agri-tech development ‘Ni.Park’ generating significant interest.

“We expect MIPIM 2020 to be just as exciting. We welcome the opportunity to showcase our new transformational growth projects and to share how Telford is contributing to the zero carbon challenge.”

Mark Oakley, Director of Inward Investment for Leicester and Leicestershire, said

“We are delighted to be showcasing Leicester and Leicestershire globally as a key part of the Midlands UK delegation.

“Working together with the property industry is one of our key strengths in driving forward major regeneration and we continue to build relationships that are transforming our area.”

Lorraine Baggs, Head of Inward Investment at Invest in Nottingham, said:

“MIPIM provides a focused platform for Team Nottingham to showcase Nottinghamshire’s development opportunities to other ambitious and accessible decision makers.

“We have created an economic impact of more than £63 million since joining the Midlands UK delegation three years ago and the event remains a crucial date in our calendar as a yearly catalyst in our search for inward investment.”

Councillor Steve Charmley, Deputy Leader and Cabinet Member (Economic Growth) of Shropshire Council, said:

“MIPIM gives us access to developers, agents, investors and intermediaries from across the UK and overseas, all in one place who are there to do business. Last year was our second year at MIPIM and we’re excited to be returning for the third year in a row.

“In the first year we were testing the water and making contacts. Last year we began to develop some positive partnerships. This year we’re once again looking forward to showcasing the exciting key development opportunities Shropshire has to offer, engaging with new investors and catching up with contacts to progress discussions further.

“We have been bowled over by the levels of interest we’ve received in our county as a place in which to invest, particularly in our strategic development sites and Shrewsbury town centre, in line with the Big Town Plan.”

Councillor Harman Banger, Cabinet Member for City Economy at City of Wolverhampton Council, said:

“Thanks to the public sector and private sector working in unison there is £4.4 billion of investment on site or in the pipeline in the City of Wolverhampton.This investment is changing the face of our city and creating a wealth of attractive opportunities for developers and investors.

“A prime example of our collaborative working is our award-winning £1 billion business park, i54, and more recently our partnership with Court Collaboration on the exciting £250 million (GDV) Brewers Yard city living scheme.

“We hope to make further important connections at MIPIM 2020 that will benefit the city in the future.”

Councillor Patrick Harley, Leader of Dudley Council, said:

“Dudley is an area which is on the cusp of becoming a real investment hotspot. The Midlands Metro extension is set to transform our economy and will bring new houses, jobs and leisure opportunities that will all have a massive impact.

“We have been working closely with private land owners to identify several fantastic, ready-to-go development opportunities.

“The time is now for Dudley – it is an area with massive potential that is ripe for development.

“We are keen to talk to the right people and show them what Dudley has to offer – and the best place to do this is at MIPIM where there is a prime targeted audience.”

Deborah Cadman OBE, Chief Executive of the West Midlands Combined Authority said:

“The West Midlands is taking an extremely strong portfolio of investment opportunities to MIPIM, reflecting the region’s vibrant and fast-growing economy.

“We are the UK’s growth capital and to continue this success requires us to meet the ever rising demand for new places to work, live and meet..

“Many of the schemes we’re bringing to MIPIM will depend on the private sector to come to fruition. It is key for us to have a presence at the show, so we can help to deliver the new infrastructure, homes, offices and recreational spaces that the West Midlands needs.”