Smithfield Development Birmingham: The £1.9bn Regeneration

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Smithfield Development Birmingham is set to transform the Smithfield area into a thriving, modern city centre destination. This £1.9bn redevelopment project is approved by the Birmingham City Council’s planning committee. With this project, the city will experience massive changes. Among these one is the former wholesale markets reimagined into a vibrant urban hub.

This is led by Lendlease. This generation’s opportunity will introduce a new community while maintaining the area’s rich historical significance. The Birmingham Smithfield Project will include key public areas such as Manor Square and Festival Square. This also includes providing vital public spaces for events plus leisure and commerce. Adding offices with shops and entertainment venues will create jobs and attract businesses and investors to the city.

Investment Amount For Transformation

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The development will strengthen the city’s international standing. Mark that these all are a part of Birmingham’s broader regeneration strategy. This is enhancing the city’s reputation as an international city. The construction began in June 2024 as part of the four-phase project. This will be carried out over the coming years.

The Smithfield Birmingham redevelopment will transform the area into a vibrant hub by improving transport links. Various connections are built to Street Station plus the Chinese Quarter.

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Historical Background

Smithfield’s legacy dates back to 1166 when Peter de Birmingham obtained a charter to establish a market at the site of his moated manor house. This market evolved into the famous Smithfield Market in 1817, which played a crucial role in Birmingham’s economy, serving as a hub for livestock, fruit, and vegetable trade. However, the market’s decline began in the mid-20th century due to changing trade practices, ultimately leading to its closure and demolition in 1975.

Evolution of Smithfield Market

Project Vision

Located in the heart of Birmingham, the Smithfield redevelopment offers investors a prime opportunity to be part of a landmark destination that seamlessly blends historical preservation with modern urban living, promising strong returns in a thriving city centre.

The project envisions a dynamic and inclusive space that integrates:

As a property expert, I see the Smithfield Development Birmingham as a truly transformative project that balances heritage with forward-thinking urban renewal. The vision for Smithfield is being shaped through a collaborative effort between Lendlease, Birmingham City Council, and the local community.

Through extensive public consultation, the planning application has been carefully designed to align with the aspirations of all stakeholders, making this a once-in-a-generation opportunity for those looking to invest in Birmingham’s evolving city centre.

From an investment perspective, sustainability is a key driver of long-term value. This project places a strong emphasis on green building initiatives, energy efficiency, and environmentally friendly urban planning, making it an attractive prospect for forward-thinking investors.

The integration of cultural spaces, public squares, and new workspaces will not only enhance the vibrancy of the Smithfield area but also reinforce Birmingham’s position as an international city with a focus on economic growth and community engagement.

By blending historical significance with modern innovation, Smithfield Birmingham is set to redefine the city centre, creating a place that is not just commercially thriving but also socially inclusive and environmentally sustainable.

For investors seeking high-growth opportunities, this joint venture is more than just a development—it’s a chance to be part of a landmark transformation that will shape Birmingham’s future for decades to come.

The Smithfield Hybrid Planning Application received approval from Birmingham City Council’s Planning Committee in June 2024. To access the full application details, please click here.

The Big Moves – Transformational Features

The Smithfield Development Birmingham is set to become one of the most transformative projects in the city’s history. With backing from Birmingham City Council, this ambitious initiative will redefine the Smithfield area, integrating sustainable housing, commercial spaces, cultural attractions, and improved transport links. This generation opportunity will enhance Birmingham’s international city reputation, boosting economic growth and urban renewal.

1. Housing Growth

As part of the Smithfield Birmingham vision, over 3,000 new homes will be introduced, offering modern, eco-friendly living solutions. A significant portion of these will be affordable housing, ensuring inclusivity for a diverse local community of families, professionals, and first-time buyers.

These homes will feature sustainable infrastructure, including green rooftops and energy-efficient buildings. Additionally, the development will incorporate essential services like schools, healthcare facilities, and local amenities, fostering a self-sufficient and vibrant new community.

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Smithfield House is a landmark development in Birmingham’s Central Eastside district, featuring 211 luxuriously designed residences. With a historic location and modern amenities, it offers a once-in-a-generation investment opportunity.

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2. Office Spaces and Employment Growth

The Birmingham Smithfield Project will play a pivotal role in employment expansion, with new workspaces designed for startups, entrepreneurs, and established corporations. The project will create up to 9,000 new jobs across various sectors, including retail, hospitality, tech, and professional services. Flexible working spaces and co-working hubs will be developed, attracting fintech firms, creative industries, and digital enterprises. This commitment to business-friendly infrastructure solidifies Birmingham’s status as a leading destination for commerce and investment.

3. Pedestrian Boulevard and Green Spaces

Enhancing the Smithfield area, a wide pedestrian boulevard will connect the development seamlessly with the city centre, prioritising walking and cycling for a sustainable urban lifestyle. The expansion of Smithfield Park by 23% will provide a much-needed public space for leisure and recreation, featuring walking trails, seating areas, and green landscapes. These enhancements support Birmingham’s environmental sustainability goals while improving the quality of life for residents and visitors.

5. Festival Square and Leisure Attractions

A major highlight of the Smithfield Birmingham plans is Festival Square, which will emerge as the cultural heart of the city. Hosting large-scale events, concerts, and festivals, it will provide a platform for cultural spaces, entertainment, and social engagement. Surrounding Festival Square, a mix of cafés, bars, entertainment venues, and restaurants will foster a lively nightlife scene. The inclusion of museums, cinemas, and leisure attractions will strengthen Birmingham’s appeal as an international city and a prime destination for tourism.

4. Retail Markets and Market Square

The Smithfield development will see the relocation of the iconic Bull Ring Markets into a contemporary market hall, blending heritage with modern retail concepts. This space will host independent shops, local produce stalls, eateries, and artisanal businesses, ensuring continuous economic activity in the public squares. Market Square will become a bustling hub for shopping, social gatherings, and cultural events, further enhancing the vibrancy of the city.

6. Public Transport Routes and Connectivity

A dedicated Metro, bus, and Sprint corridor will improve connectivity, linking Smithfield to major transport hubs like Birmingham Curzon Station and New Street Station. The Midland Metro extension, part of the Smithfield development, will introduce high-speed transport, reducing congestion and supporting sustainable mobility.

The West Midlands Metro tram network is undergoing a £1.3 billion expansion to triple its size. By 2026 it will serve 80+ stops across Birmingham, the Black Country, and Solihull. Notably, the Birmingham Eastside extension will run through Digbeth, adding 4 new tram stops including one at the Smithfield site and a terminus by High Street Deritend. This will link Smithfield and the forthcoming HS2 station with the wider region’s public transport network.

These improvements ensure that the Birmingham Smithfield Project remains at the forefront of urban transport innovation.

Expansion of West Midlands Metro

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Challenges and Key Amendments

The planning committee initially postponed its decision in May 2024 due to concerns about the park’s size and potential disruption to public events like Birmingham Pride.

To address these issues, Lendlease committed to expanding Smithfield Park and working closely with event organisers.

Historic England also raised objections, fearing the project would impact the city’s medieval remains and architectural landscape.

These concerns were addressed with design modifications and compliance with the Building Safety Act, leading to the eventual approval of the plan.

Pride and Community

Birmingham Pride and Community Engagement

A major topic of discussion was the Smithfield development’s effect on Birmingham Pride, one of the most significant annual events in the city centre. Early concerns emerged regarding whether Manor Square could adequately host the festival.

However, after discussions between Lendlease and Birmingham Pride organisers, a solution was reached to integrate the event within the evolving site, preserving its role in Birmingham’s cultural spaces.

Colin Murphy of Lendlease emphasised the importance of continuous engagement with the local community, ensuring that tenants, residents, and businesses remain actively involved in shaping the Smithfield area. The project is designed as a generation opportunity, fostering a new community with new workspaces, infrastructure, and public venues.

As the Smithfield Birmingham project progresses through its four phases, the joint venture between Lendlease and the city council will ensure that the construction of public squares, festival spaces, and pedestrian-friendly streets aligns with Birmingham’s vision as an international city. With work set to advance in June 2024, the development is a key step in strengthening the city’s international standing while delivering new jobs and economic growth.

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Economic and Social Impact

The Smithfield Development Birmingham is set to bring transformative economic and social benefits to the city, reinforcing its position as a thriving, modern international city. The Birmingham Smithfield Project, backed by the Birmingham City Council, will reshape the Smithfield area, introducing new workspaces, public squares, and cultural spaces that will stimulate economic growth and enhance the local community.

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Greater Birmingham’s economy was valued at £60.8 billion GVA in 2022, marking a 9.7% increase from 2021. A Financial Times special report highlighted the city’s strong post-pandemic recovery, even as Birmingham City Council faced financial turmoil. The FT described Birmingham as experiencing “one of the country’s fastest economic recoveries,” with record investment fueling growth, dubbing it “the city around [a bankrupt council] that booms.”

One of the biggest regeneration projects driving this economic momentum is the Smithfield Development Birmingham, a £1.9 billion transformation set to reshape the Smithfield area. Approved for construction in June 2024, this joint venture will create up to 9,000 new jobs across retail, hospitality, new workspaces, and professional services.

According to Colin Murphy, a leading figure in the project, the redevelopment is a “once-in-a-generation opportunity” to redefine Birmingham’s city centre. By integrating innovative urban design with world-class amenities, Birmingham Smithfield will significantly elevate the city’s international standing while revitalising the Chinese Quarter and surrounding districts.

Birmingham’s GVA in 2022

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The Smithfield Birmingham project will address the city’s housing shortage by delivering over 3,000 new homes, including a mix of private and affordable housing. These homes will create a new community, fostering inclusivity and accessibility for a diverse range of residents.

Rightmove’s Rental Trends Tracker shows improving returns for landlords. As of Q1 2024, the average gross rental yield for landlords nationwide was about 6.2%. This is up by 0.5% than the prior year.

As new residential developments emerge, demand for local services will increase, further stimulating economic activity within the Smithfield area. The planning application for these housing units aligns with the Birmingham City Council’s broader strategy for urban regeneration.

Housing Affordability and Urban Development

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Spending by International Visitors in 2024

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Tourism and Retail Expansion

The transformation of Smithfield will enhance Birmingham’s appeal as a key tourism and retail destination, attracting visitors from across the UK and beyond. As per the reports, the tourism sector is set to surge. VisitBritain forecasts £34.1 billion in spending by international visitors in 2024, up 7% from 2023 (and 20% above 2019 in nominal terms).

The integration of modern retail outlets, restaurants, and leisure facilities in Festival Square will drive foot traffic and increase consumer spending. A major component of the Smithfield development is the revitalisation of the Bull Ring Markets, ensuring the city retains its historic reputation as a centre for trade and commerce.

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Long-Term Economic Sustainability

With construction spanning four phases over the next 15 years, the Smithfield Birmingham project ensures balanced growth, mitigating potential disruptions while steadily increasing investment opportunities.

The 2040 plan emphasises a zero-carbon future, expansion of green streets and public transport, and thousands of new homes and jobs in the city centre.

The joint venture between Lendlease and private investors will facilitate the smooth execution of the development. As the plans align with Birmingham’s regeneration efforts, the project will support the city’s long-term economic and social sustainability goals.

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Construction Timeline and Future Prospects

The Smithfield site is set for construction to begin in late 2024, with the first buildings anticipated for completion by 2028. The entire development is projected to take 15 years, with full completion by 2039. While Lendlease has announced its decision to scale back direct UK construction projects, the company will seek external investors to fund and manage the Smithfield area.

With work started moving forward in June 2024, the Smithfield Birmingham project remains a generation opportunity, positioning the city as a forward-thinking, international city that prioritises new jobs, new communities, and new workspaces while preserving its historical significance.

The Smithfield Birmingham project is a long-term regeneration spanning approximately 10–15 years.

2021: Lendlease and Birmingham City Council established a joint venture to drive the development.
2022–2023: Focused on planning and design to refine the project’s vision.
2024/ Early 2025: Major construction is expected to commence.
2034-2034: Final completion is anticipated.

Summary

The Smithfield Development Birmingham is a once-in-a-generation opportunity to redefine the city centre, blending modern urban renewal with historic preservation. As one of the most ambitious development projects backed by Birmingham City Council, the Birmingham Smithfield Project will introduce a dynamic new community, offering new workspaces, public spaces, and cultural spaces while enhancing the city’s economic landscape.

With construction set to begin in June 2024, the approved plans will transform the Smithfield area, integrating Manor Square, Festival Square, and public squares that will serve as vibrant hubs for both business and leisure. The redevelopment aligns with Birmingham’s broader vision of becoming a globally recognised international city, strengthening the city’s international standing and reinforcing its position as a leading economic and cultural hub.

As the project progresses through its four phases, the joint venture between Lendlease and private investors will ensure the successful execution of this landmark site. The revitalisation of Smithfield Birmingham, including its connections to Street Station and the Chinese Quarter, will further solidify the city as a thriving destination for commerce, tourism, and community engagement.

The Smithfield Development Birmingham, a £1.9bn regeneration scheme, approved by Birmingham City, is a prime mixed use masterplan led by Lendlease Construction and designed by Bell Phillips. With strategic intervention architecture, the proposals include new homes, retail, and commercial spaces, enhancing the city’s economic landscape.

Under the leadership of John Cotton, Leader of Birmingham City Council, and Selina Mason, Director of Master Planning for Smithfield, this project promises strong investor returns. Backed by Birmingham City Council, it redefines urban living, making Smithfield Birmingham a top investment choice.

Ultimately, the Smithfield Birmingham regeneration will set a new benchmark for large-scale urban development in the UK, delivering new jobs, housing, and infrastructure that benefit the local community for generations to come.

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Frequently Asked Questions

How will the Smithfield Development address environmental sustainability?

The Smithfield Development Birmingham is committed to creating a resilient and sustainable environment. The project plans to integrate over 500 trees and diverse vegetation suited to the local climate, enhancing urban biodiversity and contributing to a greener cityscape. Additionally, the development will prioritise the use of materials with low embodied environmental impact, aiming to reduce the overall carbon footprint of construction. Strategies include conducting embodied carbon assessments during the design stage and implementing measures to minimise resource consumption and waste. These efforts align with Birmingham’s broader goal of promoting sustainable urban living and reducing the city’s impact on climate change.

What transportation improvements are associated with the Smithfield Development?

The Smithfield Development aims to enhance connectivity and promote sustainable transportation options. Plans include the integration of the Metro and bus routes, with a focus on prioritising pedestrians and cyclists to create a more walkable and accessible city centre. The development will feature improved public transport corridors and pedestrian-friendly boulevards, facilitating seamless connections to key areas such as New Street Station and the Birmingham Smithfield site. These initiatives are part of a broader £6.1 billion investment in the West Midlands, aimed at delivering a green transport revolution and expanding the region’s tram and rapid bus networks.

What is the timeline for the Smithfield Development?

The development is planned to be delivered in four phases over approximately 15 years, with final completion expected around 2034–2035. Major construction is anticipated to begin by late 2024 or early 2025.

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Smithfield Development Birmingham: The £1.9bn Regeneration

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The Big Moves – Transformational Features

1. Housing Growth

2. Office Spaces and Employment Growth

3. Pedestrian Boulevard and Green Spaces

5. Festival Square and Leisure Attractions

4. Retail Markets and Market Square

6. Public Transport Routes and Connectivity

Angel Gardens

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£1.5k

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Challenges and Key Amendments

Birmingham Pride and Community Engagement

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Economic and Social Impact

1.

Buy-to-Let

Housing Affordability and Urban Development

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Tourism and Retail Expansion

4.

Long-Term Economic Sustainability

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Construction Timeline and Future Prospects

Summary

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