Extending to 71 hectares, there is potential to accommodate circa 265,000 square metres of new industrial floorspace and it is reported to be one of the most significant industrial opportunities within the UK. The development is set to create 10,000 jobs, making a £350 million contribution to the local economy.
Peddimore will form part of the main industrial corridor in the City that extends eastwards along Heartlands Parkway to the Midpoint Park industrial development and offers easy access to the UK motorway network.
This unique development opportunity is now being actively marketed via the OJEU process to select a development partner to bring forward the site.
Expressions of interest from investors and developers are sought by the end of July, followed by a shortlisting and tender process, with an anticipated final selection by early 2018.
Pinsent Masons will be advising on the procurement of a delivery partner, planning and development of the site, led by Partner David Meecham and Senior Associate Rebecca Pendlebury.
Meecham commented: "This is one of the most strategically important sites that Birmingham City Council has bought forward in a number of years, and will no doubt attract a number of world class advanced manufacturers and logistics firms. We are delighted to be working on the delivery of Peddimore and our appointment further cements our relationship with the council, which we have worked with since 2004."