Build-to-rent developer Placefirst has unveiled plans for the Canalside mixed-use development in Wolverhampton’s Canalside Quarter in the UK.

The Canalside development will be located close to Wolverhampton’s new £150m transport Interchange, providing direct access to Birmingham, London and Manchester.

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The scheme will deliver 350 homes planned to be built on five acres of brownfield land off Lower Horseley Fields.

The project will comprise a mix of new build homes and restoration of heritage properties with the historic canal basin.

Placefirst CEO David Mawson said: “Placefirst is working with City of Wolverhampton Council to deliver its ambitious vision for the Canalside Quarter and kickstarting the multi billion pound regeneration of the city.

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“We have developed our plans for the Canalside Quarter within the wider transformational framework set out by the council. Our proposals reflect our shared ambition to raise the bar in terms of quality residential homes in the city centre.

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“As our first project in the Midlands, Canalside represents an important milestone for Placefirst. Through good design and excellent placemaking, our proposals seek to deliver a new sustainable, intergenerational waterside community for Wolverhampton.”

Placefirst plans to submit a planning application for the Canalside development to the City of Wolverhampton Council in coming months.

Subject to approval, construction on the project is scheduled to commence later in 2020.

The new development forms part of the council’s vision to deliver more than 1,000 homes to create a sustainable, mixed-use community in Wolverhampton city centre.

City Economy Cabinet Member Harman Banger said: “This is an exciting step in delivering a nationally significant development at this wonderful heritage location.

“It also forms part of how we are reimagining our city centre as part of more than £1billion of investment on site or in the pipeline.”

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Rendering of Placefirst’s proposed Canalside scheme in the UK. (Credit: City of Wolverhampton Council)