MIPIM UK awards 2015 in partnership with Estates Gazette magazine have named Birmingham as ‘City of the year’ in recognition of its latest regeneration scheme plans.
The MIPIM UK awards recognise and reward the efforts of developers and partners in revitalising cities and towns in the UK.
Editor of Estates Gazette, Damian Wild said, “These awards celebrate those who are making a difference to the urban fabric of the UK. What impressed our judges was the innovation, diversity and tenacity shown by all the winners in areas where fresh thinking is desperately needed. Some of the projects will contribute to speeding up delivery of much-needed affordable housing, others will help rebalance the economy away from London.”
Waheed Nazir, director of planning and regeneration at Birmingham City Council said: "I was delighted that we were selected as the city of the year - it shows the confidence in the city out there in the market.”
"There is a lot of interest in what Birmingham is doing now - investors from across the country and beyond are sitting up and taking notice like never before."
2015 has been a big year for Birmingham with its massive Smithfield and Snow Hill regeneration plans being unveiled.
The Smithfield’s project will turn the old wholesale market site in Birmingham into a new leisure quarter. Estimated to cost around £500 million, the council has a ten year vision to use the 34 acre site, situated close to the Bullring, to build facilities such as museums, cinemas, art galleries, music venues and a city centre park in order to encourage more families into the city. The site will also be home to 1000 residential dwellings, and create up to 3000 jobs, adding around £470 million to the local economy once completed.
The proposed Snow hill project is a 20 year plan to create a global business and financial centre in order to become Birmingham’s answer to canary wharf, creating 10,000 jobs and boosting the city’s economy. With 2.2 million square feet to play with, this development will have a huge impact on the local economy and create huge investor interest.
Being the second largest city outside of London, Birmingham is classed as a global city with strong educational institutions, an abundance of green space and fantastic leisure and shopping facilities. Those looking to reside here are offered the best of both worlds, from modern city centre dwellings to suburban living on the outskirts of the city.
If you are interested in finding out more about what this multicultural city has to offer and the best places to set up home within the area, get in touch with our experienced team at Dixons Birmingham. With over 80 years of experience selling and letting homes in the Midlands area, our team are ideally placed to share their expertise and help you achieve your property aspirations.