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16/03/2015

Birmingham housing prospectus unveiled

Words: Laura Edgar

Birmingham City Council has launched a housing plan that it says will help to meet the city’s future housing needs.

With the population of Birmingham projected to increase to 150,000 by 2031, and an expected 100,000 jobs to be created over the same period, the prospectus lists the city’s housing development sites in one document.

Birmingham City Council is targeting 80,000 new homes with “40 major brownfield sites” identified. 

The prospectus was launched at international property show MIPIM, where the council is targeting £9 billion of investment from property developers.

Council leader Sir Albert Bore said: “The prospectus says loud and clear to developers that Birmingham is open for business, and that we mean business. The city is unrecognisable from a decade ago thanks the unprecedented amount that has been invested in growth. Businesses are flocking in record numbers, legions of young professionals are arriving, and start-ups are thriving. That success has brought an exciting housing challenge. It is a challenge we are determined to meet.”

The council explained that rapid growth, and heavy investment in infrastructure and transport links (Birmingham will be central to HS2) mean that the city is well placed to attract the investment it needs for the plans laid out in the prospectus.

Waheed Nazir, director of planning and regeneration at the council, said: “Traditionally, developers and investors have had to do all their own research, or employ land agents to find the best sites. We have made it easy for them by listing them all in this document all of the key sites for new housing. There is something in there for everyone – sites for student housing, sites for apartment development, for private rented developments, or for traditional suburban development of houses for rent and sale.

“We want to use the prospectus to encourage inward investment in the city – so even if a developer or investor is coming from outside the city – whether that be from London, Glasgow or Abu Dhabi – they can find all of the key residential opportunities in one document, together with the essential contacts for each site.”

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