Muse has secured a landmark development deal with consortium Arden Cross Limited valued at £3.2 billion.
by Rory Butler / November 14, 2022
Inside the deal: Arden Cross, a 140 Ha mixed-use commercial and residential destination in the Midlands, will be developed where the new HS2 Interchange station is already under construction, promising up to 27,000 new jobs.
Arden Cross Limited is a special purpose delivery vehicle created by landowners Birmingham City Council, Packington Estate and Coleshill Estate.
Muse was selected after a more than 12-month procurement process, as the firm “demonstrated a clear understanding of the principles of sustainability and connectivity at the heart of the scheme”.
What next?
- Delivery of 3,000 new homes
- 6 million sq ft of employment space
- A new Medical & Technology Campus
- First-phase development as early as 2025
Also on the job:
- HS2
- Department for Transport
- Solihull Metropolitan Borough Council
- Urban Growth Company
More than £800 million of investment has already been committed to the Arden Cross site.
“This is a truly unique opportunity to bring forward a landmark destination for the UK that’s a beacon for growth in the Midlands and we’re immensely proud to be joining the team,” said Maggie Grogan, development director for Muse.
“As a business, we’re committed to delivering sustainable regeneration at pace, while at the same time bringing real, tangible benefits to communities and we can’t wait to get started.”
Image credit: Muse
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