Birmingham’s MIPIM round-up
The unveiling of IM Properties as the Council’s preferred development partner to bring forward the first phase of Peddimore generated an significant amount of interest. The scheme is incredibly important to the city – creating up to 10,000 jobs and contributing £350 million to the local economy. The announcement follows a marketing and selection process that was launched last year at MIPIM, and has involved a procurement process that was extremely competitive and attracted interest from major industrial developers from within the UK and overseas.
There was also another significant announcement for the city with the news of Bruntwood’s purchase of Innovation Birmingham, located next to the Aston and Birmingham City Universities. This City Council-led property deal marks what will be a new and exciting stage in the development of this major science and tech asset at the Innovation Birmingham campus. Bruntwood has a proven track record of investing in the long-term, and its blend of commercial expertise and investment capacity will be vital in supporting the growth of the science and technology sectors in the city, and will help the city’s digital sector flourish.
Birmingham was also recognised at the fDi awards ceremony, where the Leader accepted an award in recognition of the city having the best strategy for attracting foreign direct investment (FDI) of all large cities in Europe. fDi Magazine’s European Cities and Regions of the Future ranking, is one of the industry’s most prominent benchmarks of FDI competitiveness. The awards, which are run by fDi Magazine, a division of the Financial Times, also ranked Birmingham in Europe’s top 10 large cities for connectivity and business friendliness. This is fantastic recognition of the city’s strength as an international business and investment destination.
Colliers Cities of Influence Report
Birmingham’s attractiveness as a place to invest and relocate was also recognised by Colliers’ International’s latest Cities of Influence report, which was released at MIPIM. Birmingham ranked fifth overall out of the fifty cities analysed across Europe, whilst being placed first in Colliers’ rankings of mid-sized cities. The report recognised the city’s journey of positive change, underpinned by a strong university base, high levels of FDI and support for key sectors such as advanced manufacturing, IT and digital media.
Olympic and Commonwealth Games gold medallist Denise Lewis OBE and leading figures from across the Midlands came together this week at MIPIM to celebrate Birmingham’s recent Commonwealth Games win – with the track and field star hailing the Games as an opportunity to create a legacy for the future. As well as providing a forum for how the Games will bring forward development in Perry Barr, the event highlighted how the Games provides a fantastic opportunity to really promote to an international audience a city that is diverse, ambitious and eager to succeed.