2022 Games in Brum will bring wealth of ben­e­fits

Birmingham Post - - BIRMINGHAM POST BUSINESS AWARDS 2018 -

ONE of the less talked about ben­e­fits of Birm­ing­ham host­ing the 2022 Com­mon­wealth Games is the po­ten­tial im­pact on the com­mer­cial prop­erty mar­ket around such venues as the NEC, NIA, Arena Birm­ing­ham and Sym­phony Hall.

With grade A of­fice space in the city cen­tre al­ready in short sup­ply, sub­stan­tial im­prove­ments to ex­ist­ing build­ings and con­struc­tion of new fa­cil­i­ties will drive de­mand and im­prove­ments for the avail­able of­fice and com­mer­cial space in these ar­eas.

With the re­lated in­fra­struc­ture im­prove­ments, this should be true for the ar­eas around the venues as well as the wider Mid­lands.

It will help en­sure we en­joy a fan­tas­tic cel­e­bra­tion of sports while also en­sur­ing longer-term ben­e­fits for the Mid­lands.

Land­mark sport­ing events rightly strive to pro­vide last­ing health and so­cial ben­e­fits.

As a keen cy­clist and triathlon coach, I ap­pre­ci­ate those per­haps more than some, but such events can also be the cat­a­lyst for wider re­gen­er­a­tion which can lead to long-term eco­nomic im­prove­ments.

Hav­ing been in­volved in the re­gen­er­a­tion of Strat­ford City for the Lon­don Olympics, I have seen first hand how this show­cased the cap­i­tal, and we should em­brace the op­por­tu­nity to pro­mote Birm­ing­ham and its many unique and di­verse qual­i­ties in the same way.

The Games are a fan­tas­tic op­por­tu­nity to pro­vide a le­gacy that will gen­er­ate jobs, sup­ply, leisure and re­lated op­por­tu­ni­ties across the Mid­lands for years to come.

This can only serve to build on the many suc­cess­ful re­gen­er­a­tion schemes in our re­gion over re­cent years, such as the town cen­tre im­prove­ments in Coven­try city cen­tre, an­other scheme which I was priv­i­leged to be in­volved in and which has helped to en­liven a pre­vi­ously unloved area.

In­vestors will no doubt be keep­ing a close eye on prop­er­ties in the ar­eas most closely as­so­ci­ated with the 2022 Games venues. Robin Can­ning is a com­mer­cial

prop­erty so­lic­i­tor in the Birm­ing­ham of­fice spe­cial­is­ing in ac­qui­si­tions, de­vel­op­ment work and in act­ing for land­lords and ten­ants.

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