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Council picks Lendlease for £1.5bn regeneration project
Birmingham City Council has unveiled Lendlease as its preferred development partner on a £1.5bn regeneration project that will include more than 2,000 new homes.
The council will form a joint venture with Lendlease to redevelop the 17-hectare Birmingham Smithfield site in the city centre.
As well as the new homes, Lendlease will also lead on building a new Bull Ring Centre, a public square and a park, plus community facilities and public transport links in a project expected to take 15 years.
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Ian Ward, leader of Birmingham City Council, said: “We are extremely excited to be working with Lendlease who are an internationally leading developer with a proven track record of bringing forward major development schemes.
“The delivery of Birmingham Smithfield will be a major boost for Birmingham.”
Waheed Nazir, corporate director for economy at Birmingham City Council, said: “The calibre of bidders that have been attracted through the procurement process has shown the strength of the city as a place to invest.
“Lendlease has the capabilities and resources to realise the city’s vision and deliver a truly transformational development scheme.”
Birmingham City Council will now finalise terms with Lendlease before the contract is formally awarded later this year. Building is due to start in 2022.
Lendlease was also awarded a £190m contract this week to renovate Manchester City Council’s town hall, despite ongoing controversy about its refusal to pay to remove dangerous cladding from one of its developments in the city.
It was also Haringey Council’s partner for the now-collapsed plan to regenerate thousands of council homes through a joint venture, and it is now suing the authority.
Dan Labbad, chief executive of Lendlease Europe, said: “Much like Birmingham itself, the area is brimming with creativity and opportunity.
“Our plans for the redevelopment will respect this heritage and bring more jobs, homes and environmental benefits to the area and the people of Birmingham.”
