Hammerson, a UK-based real estate investment trust, has secured a resolution to grant planning for 7.5-acre mixed-use Martineau Galleries masterplan in Birmingham City Centre, UK.
The 7.5-acre plan will include up to 1,300 homes and 1.4 million ft² of workspace. Being brought as the first major scheme under Hammerson’s City Quarters concept, the project is expected to transform the current site into a new neighbourhood filled with homes, workspace, hotel rooms and a new town square.
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The company stated that the scheme is the first of its moves in transforming several of its city venues, including Birmingham being transformed from pure retail into new neighbourhoods.
Hammerson said that 1,300 new homes are for nearly 2,400 people, who are predicted to spend £23m annually in the region on local goods and activities.
Nearly 8,000 full-time jobs could be created at the site, along with 350 full-time construction jobs, during the life of the project.
The project is expected to add a total of £225m to Birmingham’s economy in the long run.
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By GlobalDataThe new neighbourhood is also expected to offer a public realm including a central square, boulevard and new residential streets, which will be available for community and cultural events and leisure activities such as pop-up bars, food trucks and performances from local groups.
Hammerson development and project management UK Director Robin Dobson said: “We are pleased to confirm that our mixed-use masterplan for Martineau Galleries has been given a resolution to grant by Birmingham City Council.
“Hammerson has a strong track record in mixed-use placemaking and in delivering for Birmingham, having transformed the city centre with the opening of the iconic Bullring in 2003.
“Our plans for Martineau Galleries represent a step-change in our strategy, moving beyond pure retail, as we continue to deliver vibrant, continually evolving spaces, in and around thriving cities.”
Birmingham City Council leader Ian Ward said: “The exciting Martineau Galleries project will support over 8,000 jobs and provide a significant boost to our city economy. It will also transform Dale End, creating a thriving new city centre neighbourhood.”
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Image: Rendering of Martineau Galleries in Birmingham. (Credit: Hammerson plc)
