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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

MIPIM 2022: West Midlands team to showcase opportunities to the world

Billions of pounds worth of investment opportunities in the West Midlands will be showcased at global property conference MIPIM next week.

The event in Cannes, which returns after a three-year break because of the pandemic, will bring together developers, investors and business and civic leaders from across the world.

The West Midlands delegation said it would reveal details about one of the UK's largest-ever retrofit projects across Birmingham, Coventry and Wolverhampton.

The ‘3 Cities Retrofit Initiative' is targeting more than 165,000 social homes for improvements across energy efficiency, green energy generation and green heating.

The West Midlands will address delegates at the UK Government Pavilion on Wednesday during which they will unveil investment opportunities across the region, with a particular focus on accelerating the net zero agenda.

Among the companies to be represented will be St Joseph Homes, MEPC which manages the £700 million Paradise development in Birmingham, Bruntwood and Mott MacDonald.

West Midlands Mayor Andy Street will present a multibillion-pound prospectus of investment-ready opportunities from around the region.

He will then participate in a panel discussion on the benefits of investing in the West Midlands alongside Urban Splash, the developer of Birmingham's Port Loop housing estate in Edgbaston, and global asset management company Aviva.

Mr Street said: "The private sector helped drive the West Midlands to become the fastest-growing region outside of London before the outbreak of covid, with record numbers in work, record homes being built, and record investment in public transport.

"But the pandemic has knocked us for six and it is mission critical we now leverage in even more private sector investment to turbo charge our recovery and get us back on our feet quickly.

"We have a track record of delivery and a new multibillion-pound prospectus ready to unveil to the world at MIPIM."

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