Contact the Capital Investment team for more details about this opportunity

Opportunity Interchange commercial district and canalside living quarter

Wolverhampton’s city centre regeneration programme identifies a range of development sites with associated infrastructure. These will be delivered as 3, 6 and 10 year projects.

Plots across the canalside and interchange areas are suitable for residential, leisure and commercial development. There is potential for up to 92,900 square meters (990,000 square feet) of excellently located commercial and leisure floorspace. A second phase includes the opportunity for up to 700 new homes in the Canalside Quarter.

Contact the Capital Investment team for more details about this opportunity.

Artistic impression of new houses with a canal running through the middle of the estate at Wolverhampton
Icon-Location_MO.png

Location

Wolverhampton

Icon-ProjetPromoter_MO.png

Project promoter

City of Wolverhampton Council and Canal & River Trust

Icon-Scale_2lnOJdP.png

Scale

Over £250 million GDV

Icon-Retail

Sector

Retail, Commercial, Residential, Leisure

sd

Investment type

Developer partner and equity funding

Icon-PlanningStatus_MO.png

Planning status

Certainty provided by the adopted Area Action Plan and separate masterplans for the canalside and interchange areas – showing use type but remaining flexible on detailed design.

Map showing the location of Wolverhampton and the main transport links across the Midlands region

Project background

Less than 5 minutes’ walk from the City Interchange, the new Canalside Quarter will be an extension to the city centre, offering 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.

Transport to the sites will be excellent. The interchange area is undergoing a 150 million GBP 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.

The station redevelopment began in December 2017. Enabling works for the tram extension are nearing completion. Improvements to the City of Wolverhampton station will provide direct access into the High Speed 2 (HS2) network.

About the project

The Wolverhampton Canalside and City Interchange project is the next phase of a highly successful city centre mixed use regeneration programme. The promoters welcome interest from developers and investors in a range of investment opportunities and are open to discussing possible investment and delivery structures.

By developing the interchange areas, Wolverhampton has the potential to grow its office offer by up to 93,000 square metres (1001,000 square feet) over ten years. Plans capitalise on location and connectivity advantages that will help to make Wolverhampton a commercial gateway of regional significance.

The centrepiece will be i9, a distinctive new landmark office building two minutes’ walk from the railway station and five minutes from the city’s retail centre. It will provide 6,503 square metres (69,900 square feet) of Grade A offices and is due to be completed in 2020.

Promoters and partnerships

City of Wolverhampton Council is the promoter in partnership with Canal & River Trust, Ion Development, West Midlands Combined Authority, Homes England, Network Rail, West Midlands Rail, Avanti West Coast Trains and Midland Metro Alliance.

To invest in the UK, get in touch with our team.

Find out more about Invest Wolverhampton.