Four bidders for huge industrial site
FOUR commercial property developers are in the running to take on Birmingham’s largest single industrial site, it has been revealed.
A shortlist of four bidders will be battling it out to develop and market the Peddimore site on the eastern edge of Sutton Coldfield.
The 175-acre development site is expected to generate £350 million for the local economy and create 10,000 jobs.
Birmingham City Council said the site had attracted interest from some of the biggest names in industrial and logistics development earlier this year.
The final four developers shortlisted are IM Properties plc, Peel Logistics Property, Prologis UK Ltd and Bericote who are partnering with Tritax Big Box REIT plc.
The winning bidder will be unveiled at the MIPIM property conference in Cannes next March.
Peddimore was released by ernment from protected green govbelt status alongside the giant Langley housing site earlier this year. Birmingham has previously missed out on some major industrial development due to the lack of a large site.
City council leader Ian Ward said: “One of our biggest challenges is to create jobs and opportunities for a young and growing population and this much-anticipated development site is forecast to create up to 10,000 jobs, contributing £350 million to the local economy. I am delighted that ‘Peddimore, Birmingham’ has attracted such strong interest from the international industrial property market and we have such a strong shortlist of partners who want to deliver this fantastic opportunity for the city of Birmingham and the wider region.”
City development director Waheed Nazir added: “I am grateful for all of the parties that expressed an interest in this exciting development opportunity. We have an extremely strong shortlist of potential development partners and I look forward to working with the successful bidder to deliver this exceptional opportunity.”
Council-owned ‘Peddimore, Birmingham’ offers the opportunity to bring forward up to 3 million sq ft of manufacturing and logistics space, with access to a skilled workforce drawn from 2.6 million people living within just 40 minutes’ drive time.
It is also less than half an hour’s drive from Birmingham and East Midlands airports, making it one of the most strategically well-positioned development opportunities to emerge in the last five years.