Located in the heart of the city centre, Birmingham Smithfield is a £1.5 billion redevelopment project that will reposition the city on an international stage.
Lendlease will form a contractual joint venture with the city council and lead the creation of an urban quarter that includes a new home for the city’s historic Bull Ring retail markets, a unique family destination including a leisure and cultural offer, a new public square, integrated public transport and more than 2,000 homes with a public park and community facilities.
The development of Birmingham Smithfield is part of the city’s Big City Plan, launched in 2010, which sets out a 25-year vision to grow the city centre by more than 25 per cent. As one of the areas of transformation, Birmingham Smithfield is located directly adjacent to the Bullring and New Street Station; and will be a short walk from the new High Speed 2 City Centre Terminus Station which is set to open in 2026.
Councillor Ian Ward, Leader of Birmingham City Council said: “We are extremely excited to be working with Lendlease who are an internationally leading developer with a proven track record of bringing forward major development schemes. The delivery of Birmingham Smithfield will be a major boost for Birmingham. With the new cultural and leisure attractions, the public realm, new homes and retail markets the development will appeal to both national and international audiences. Alongside these fantastic new facilities, the development will also deliver substantial benefits for the people of Birmingham. Lendlease have committed to invest in the local community and create 1,000s of new jobs and training opportunities. This scheme will create a legacy for the citizens of Birmingham and become an exemplar for inclusive economic growth.”
Waheed Nazir, Corporate Director for Economy, Birmingham City Council, said: “Birmingham Smithfield is the city’s most important redevelopment opportunity. The site is the location where Birmingham first developed and where its future will now be defined. The calibre of bidders that have been attracted through the procurement process has shown the strength of the city as a place to invest. Lendlease has the capabilities and resources to realise the city’s vision and deliver a truly transformational development scheme. Working with Lendlease we will be creating a new family leisure destination complemented by an exciting mix of cultural facilities, independent retail and business space. This will create a major attractor for residents and visitors. The scheme will have an emphasis on green infrastructure alongside community facilities and affordable housing.”
The redevelopment of the area, which is twice the size of Brindleyplace, is expected to take 15 years to complete. The first phase of the scheme will include new homes, the new retail markets building and public realm.
The city council will now work with Lendlease to finalise the terms of the partnership, commence the preparation of a planning application and produce a business plan for the site’s redevelopment before the formal award of the Birmingham Smithfield Development Partner contract. This is anticipated to happen by late 2019 with development expected to commence in 2022.
The site is part of the Birmingham City Centre Enterprise Zone, which was established in 2011 to unlock key city centre development sites and accelerate growth.