Heavyweight four shortlisted for 3m sq ft Brum opportunity

By Paul Norman - Friday, October 13, 2017 6:30

Four heavyweights of the UK industrial world have been shortlisted for Peddimore, Birmingham, one of the largest development opportunities in the UK, it was announced at the Costar UK Midlands agency awards in the West Midlands city last night.

Guest speaker Waheed Nazir, Birmingham city council's corporate director for economy, unveiled the shortlist at CoStar UK's Midlands Agency Awards at Council House in the centre of the city.

An OJEU notice for a development partner for the giant site was launched in March.

The final four shortlisted are: IM Properties, Peel Logistics, Prologis UK, and Bericote partnered by Tritax Big Box REIT. The successful bidder will be announced at next March's MIPIM property festival in Cannes.

Owned by Birmingham city council Peddimore Birmingham offers the opportunity to bring forward up to 3m sq ft of manufacturing and logistics on 175 acres (71ha). The council said the site can draw on a skilled workforce from 2.6m people living within 40 minutes' drive time.

Birmingham city council interim leader Cllr Ian Ward said: "One of our biggest challenges is to create jobs and opportunities for a young and growing population and this much anticipated development site is forecast to create up to 10,000 jobs, contributing £350m to the local economy.

"I am delighted that 'Peddimore Birmingham has attracted such strong interest from the international industrial property market and we have such a strong shortlist of partners who want to deliver this fantastic opportunity for the city of Birmingham and the wider region."

Waheed Nazir, Birmingham city council's corporate director for economy, added: "I am grateful for all of the parties that expressed an interest in this exciting development opportunity. We have an extremely strong shortlist of potential development partners and I look forward to working with the successful bidder to deliver this exceptional opportunity." 

The 175 acres of green belt land at Peddimore near Sutton Coldfield was finally approved for development after a public inquiry earlier this year.

pnorman@costar.co.uk

Get in Touch
+44 203 205 4600