Interchange_1.png

Interchange Commercial District in Wolverhampton

A chance for developers and investors to get involved with the Interchange Commercial District area in Wolverhampton, via a range of investment and delivery structures.

There are multiple strategic sites all offering the opportunity to build upon the success of the new and developing Interchange Commercial District in Wolverhampton.

Key opportunities include Interchange 8, Steam Mill and Sackworks, as part of a potential 1 million square feet of new commercial space.

Interchange_2.png

Location:

Wolverhampton, West Midlands

Investment type:

Capital investment - real estate

Sector:

(Greener buildings, Real estate, Offices, Retail, leisure & creative)

Project promoter:

City of Wolverhampton Council, Canal & River Trust and ION Developments

Scale:

£250 million GDV

Planning status:

Planning application to be submitted

Time to Final Investment Decision (FID):

1-2 years

Contact the opportunity lead

Lisa Longstaff

Lisa Longstaff

Senior Investment Specialist

Get in touch

Sector and market opportunity

The city has the potential to grow its office offer around the area of the transport interchange by up to 93,000 square metres over 10 years. This would allow the city to capitalise on its location and connectivity, since Wolverhampton is a significant commercial gateway in the Midlands.

Located at Interchange and only minutes away from the city’s new public transport hub, Interchange 8 is the city’s largest office development. It is aiming for the best environmental credentials of any building in Wolverhampton.

Building on the success of i9 and i10, Interchange 8 will offer flexible floorspace designed around today’s office requirements. It’ll also deliver net zero carbon design.

Location

There will be an extension to the city centre less than 5 minutes’ walk from the site. This will offer residential, leisure and commercial opportunities in a heritage setting.

The historic canal, railway viaduct and associated Victorian buildings provide a rich multi-layered area within the site.

Connectivity

Transport to all the sites will be excellent. The Interchange area is undergoing a £150 million transformation to create an integrated commuter hub.

The plans include a modern railway station which will handle over 4.7 million passengers a year, extended metro services, and improved facilities for cyclists and motorists. A new multi-story carpark was completed in 2017.

Redevelopment of the station began in December 2017 and enabling works for the tram extension are nearing completion. Critically, improvements to the City of Wolverhampton station will provide direct access into the High Speed 2 (HS2) network.

Local talent and skills

The Department for Levelling up, Housing and Communities has confirmed the i9 building would become its new regional base. The move to the city will create at least 150 new jobs - some staff have already been hired, while recruitment is under way for other positions.

There are 1.73 million people living within a 30-minute drive of the centre of Wolverhampton and the city is also one of the first 5G connectivity test beds in the UK.

Wolverhampton is a prime location for investment. There are 10,000 new homes planned in the surrounding areas and the added potential for another 1 million square feet of office space. There are opportunities in retail, leisure and hospitality, plus an enviable portfolio of heritage buildings in the area.

Further details

The Interchange project is the next phase of a successful city centre regeneration programme.

There are a range of investment opportunities and the promoters welcome interest from developers and investors. They’re also open to discussing possible investment and delivery structures.

Steam Mill and Sackworks are 2 key sites neighbouring the city’s new railway station.

They offer the ability to unlock the potential of the site as a legible, permeable and well-connected place accessible to the wider community. They can also enhance the character of the Union Mill conservation area, as well as deliver new commercial office and leisure floorspace that links the transport Interchange with the wider canal side corridor.

Environmental, social and governance (ESG) highlights

The i9 development is the first office building in the Black Country region to be awarded WiredScore Gold certification in recognition of its digital connectivity and infrastructure.

Promoters and partnerships

The City of Wolverhampton Council is the promoter in partnership with:

  • Avanti West Coast Trains
  • Canal & River Trust
  • Homes England
  • Ion Development
  • Midland Metro Alliance
  • Network Rail
  • West Midlands Combined Authority
  • West Midlands Rail

Local and national government support

This opportunity is supported by the West Midlands Combined Authority, West Midlands Growth Company and Wolverhampton City Council.

Contact the opportunity lead

Lisa Longstaff

Lisa Longstaff

Senior Investment Specialist

Get in touch

Other opportunities

A modern apartments block.jpg

Heat networks in the North East and Tees Valley

Heat networks form an essential and significant part of the UK’s plan to reduce carbon emissions, and The North East and Tees Valley are primed to lead the UK in delivering this.
Tyne clean energy park

Tyne Clean Energy Park

An exciting opportunity to invest in the North East’s most versatile clean energy park at the Port of Tyne.
AMIDS masterplan

Advanced Manufacturing Innovation District Scotland (AMIDS)

Investment at the Advanced Manufacturing Innovation District Scotland (AMIDS) focuses on re-energising Scotland’s local manufacturing base. Development opportunities include advanced manufacturing, aerospace and commercial offices. Investment opportunities include joint-venture partnerships.
Brent-Cross-Town--header.jpg

Brent Cross Town

Brent Cross Town will be a new 1 million square metre (10 million square foot) mixed-use neighbourhood spanning 180 acres, with 50 acres of open space, parkland and playing fields.
Fawley-Waterside-header.jpg

Fawley Waterside

Fawley Waterside aims to be one of the first net zero smart towns in Europe; spread over 400,000 square metres, it will sit inside the proposed Solent Freeport.
Central Square Cardiff.png

Cardiff Central Quay

A 200,000 square metre mixed-use regeneration scheme adjacent to Cardiff’s Central station, in the heart of the capital city of Wales.
Bicester-Motion-in-Oxfordshire-header.jpg

Bicester Motion in Oxfordshire

Bicester Motion is a 444-acre branded commercial and leisure destination, strategically located at the heart of the UK’s mobility and tourism industries.
Newtown-Works-in-Ashford-header.jpg

Newtown Works in Ashford, Kent

A mixed-use town centre regeneration project offering world-class film studios, apartments and commercial space at a heritage site next to Ashford International Station.
Gravity-in-Somerset-header.jpg

Gravity

An immediate investment opportunity in a data-driven commercial development that’s focused on sustainability and clean growth.
arden-cross-header.jpg

Arden Cross in the Midlands

Arden Cross is a global destination for innovation, business, learning and living, across more than 140 hectares in Solihull in the West Midlands.
First-Street-in-Manchester-header.jpg

First Street in Manchester

A high-profile opportunity to invest in net zero commercial office space in the heart of Manchester City Centre.
Heath-Park-header.jpg

Heath Park in Cheshire

A unique ethical investment opportunity for a mixed-use regeneration development, focused on market-leading green technology, at a thriving and successful business and technical park.
Perth-West-in-Scotland-header.jpg

Perth West in Scotland

A strategic opportunity for debt, equity investment, co-investment or development funding to develop a net zero eco innovation business park and city expansion.
Clyde-Gateway-header.jpg

Clyde Gateway Green Regeneration Innovation District (GRID) in Glasgow

Thinking globally, acting locally. Clyde Gateway's GRID integrates real estate and climate resilience in a '20-minute neighbourhood' near central Glasgow.
210616_1527-BelfastTransportHub_V15-with MSCP 1.png

Weavers Cross transport-led regeneration project in Belfast

Located alongside the largest integrated transport hub in Ireland, Weavers Cross is a 121,000 square metre regeneration project of mixed-use space.
Teesworks area with construction.jpeg

Teesworks in North East England

Teesworks is a significant brownfield regeneration opportunity in the UK, with the largest and most connected industrial zone and diverse, sustainable and low-carbon activity.
Belfast_1.png

The Waterside in Belfast, Northern Ireland

An opportunity to invest in a prime waterfront location in central Belfast – something that’ll cater for the office, hotel, serviced apartments, residential and private rental sectors.
Corp_St_2.png

18 Central, Corporation Street, Belfast,

A substantial build-to-rent project in Belfast city centre, with a chance for early participation via different finance options - including equity share and traditional funding.
Harlow_1.png

Harlow Innovation Park

This is an opportunity to forward fund or acquire future assets at the developing 10-hectare Harlow Innovation Park on an individual or multiple plot basis.
Kings_Hall_1.png

Kings Hall Life Sciences Park in Belfast, Northern Ireland

An opportunity to invest in the next two phases of regeneration of Kings Hall Life Sciences Park. This project is a significant economic driver in the life sciences sector and has already attracted government funding; the first phase of construction is complete and 40,000 square feet fully occupied by Life Sciences tenants.
Mira South-V3-7.20-1.0-South Site

MIRA Technology Park, South Site in North Warwickshire

A £260 million funding opportunity for occupier-led investment in the industrial sector with potential for a multi-phased development approach. The scheme provides rare, strategic and advanced manufacturing facilities with associated links to the extensive research and development infrastructure at MIRA.
Titanic_1.png

Titanic Quarter in Belfast, Northern Ireland

Comprising of 75 hectares or 185 acres of prime waterfront land, this project is one of Northern Ireland’s most important regeneration enterprises.
The_Sixth_1.png

The Sixth, Royal Avenue, Belfast, Northern Ireland

An opportunity to invest in a mixed-use, 250,000 square feet space that will serve the Grade A office, creative and technology sectors.
Curzon_1.png

A new high-speed terminus in Birmingham Curzon

Several major investment opportunities exist around the development of a new high-speed terminus station in Birmingham city centre.
Norwich Union House_CGI

Norwich Union House, Belfast, Northern Ireland

A chance to invest early in a 160,000sq ft mixed-use, 7-storey building primarily for Grade A offices in Belfast. Full planning permission is already in place. A variety of finance options are available including equity share or traditional funding.
GatewayEast_zonal_map_(Peel_L&P)_1.png

GatewayEast in Doncaster

A chance to invest in a world-class destination for research, innovation and living, where sustainable environments and international connectivity create an opportunity for communities to thrive.
East Midlands Airport

East Midlands Freeport

The East Midlands Freeport is the UK’s only inland Freeport, with unparalleled connectivity across the country, to international cities, and home to a wide range of innovative sectors.
Biosphere at Newcastle Helix V1

The Biosphere at Newcastle Helix

A unique opportunity for an investor-developer to partner with Newcastle City Council and accelerate growth in an established life science ecosystem.
Sheffield Olympic Legacy Park 1

Sheffield Olympic Legacy Park

A public-private partnership bringing South Yorkshire’s most innovative organisations in health, sports and wellbeing together in an actively managed ecosystem, to advance health outcomes and economic growth. Opportunity to invest in 4 foundation buildings as part of a 92,092 sqm (1m sqft) masterplan.
Queen's Parade in Bangor - image 1

Queen's Parade, Bangor

The project has the dual advantage of being situated within the heart of Bangor city centre but also with direct access to an attractive coastline and marina environment. Its importance is such that it has been awarded significant Levelling Up funding which will contribute to a high quality of public realm within the project itself. It is a project capable of 4 phases. The total project value is around £83 million. Consideration will be given to both funding and equity options.
altrincham1920x1080

ID Manchester

ID Manchester is seeking a residential developer partner(s) to deliver over 2000 residential units (Build to Rent and Student Accommodation) as an innovative property offer. This is in keeping with ID Manchester’s vision to become Europe’s most sustainable and inclusive innovation district. It is positioned at the heart of Manchester City Centre and the city’s Knowledge Quarter. The procurement process to appoint a residential partner or investor is anticipated to begin in July 2024.