Birmingham City Council has entered into a development agreement with the Birmingham Alliance to develop the Martineau Galleries project, a £750m retail-led mixed use scheme in Birmingham city centre.
The proposed 2m sq ft mixed use scheme comprises 915,000 sq ft of retail, with offices, leisure and residential space across the 14 acre development site.
Work to start in 2009
Planning consent for Martineau Galleries was granted in March 2006, and work is anticipated to commence on site by 2009.
Fourth scheme for Birmingham Alliance
The Birmingham Alliance has already developed Martineau Place in 2001, the redevelopment of the Bullring shopping centre in 2003 and Bullring Link in 2004. Martineau Galleries is the fourth and final phase of its retail-led regeneration plans for the city centre.
Cllr Neville Summerfield, Birmingham City Council Cabinet Member for Regeneration, said: ‘The Martineau Galleries provide yet another example of the how Birmingham City Council is working with cutting edge private developers to enhance all elements of life within the city centre.’
The council is advised by CB Richard Ellis’ public sector consultancy team and CBRE financial and CBRE retail & residential teams.