Coventry City Centre South

Coventry City Centre South is a residential led, mixed-use development in the heart of the city that will deliver more than 1,550 new homes alongside significant commercial and placemaking development.

The scheme, which received outline planning permission in January 2022 and reserved matters approval for the first phase in March 2024, will be delivered in phases from 2024 onwards. The developer, Shearer Property Regen Ltd, is a JV partnership between The Hill Group and Shearer Property Group with Hill Holdings acting as the project funder to bring forward the proposals, focused on the delivery of new residential development across a mix of tenures.

There is an opportunity for Build to Rent investors and operators to get involved in one of the most important city centre regeneration schemes in the UK with over 300 new BtR homes in the first phase.
City Centre South marks the next stage of the ongoing regeneration of Coventry’s City Centre. The 6.5 ha site takes in Bull Yard, Shelton Square, Market Way, City Arcade and Hertford Street.

The first phase will deliver 991 new homes, 8,000 square metres of new commercial space, and 17,000 square metres of public open space, to create an exciting new residential, shopping, and leisure destination for the West Midlands and Warwickshire.

Designed and built to high environmental standards with contemporary architecture inspired by Coventry’s rich history, heritage assets and public art, the homes in the first phase will range in size from studios to three-bedrooms, appealing to a diverse mix of residents. The first two blocks to be delivered will be affordable with 145 of the 200 of the affordable homes being social rent for local people and 55 as shared ownership. The remaining 791 homes will be available through private market sale and rent.

This will lead to the creation of many hundreds of new permanent jobs and significant investment in this quarter of the city centre and opportunity to reinvigorate Coventry Market.

The second phase will deliver over 550 new homes including private and affordable homes and commercial floorspace including provision for a new health centre.

Why invest in Coventry and Warwick?

Talent, creativity, connectivity and culture are driving local development across Coventry & Warwickshire – a dynamic region in the UK Midlands.

With a 1,000-year history, we are looking to the future with local development being driven by cutting-edge technology.

Engineering and design expertise, combined with state-of-the-art research, led by the area’s two internationally respected universities, has seen it emerge as a forerunner in the development of the next generation of EV and connected autonomous vehicles. Key developments include, plans for a new 500,000sqm+ West Midlands battery ‘gigafactory’ , 37ha of employment land for manufacturing south of MIRA Technology Park and the UK Battery Industrialisation Centre (a £130m strategic investment in the UK battery supply chain).

Culture and creativity are also proving a strong catalyst for investment. Coventry as the UK City of Culture in 2021and 2022 has seen a national cultural focus on the city and the visitor economy and later this year the region will play a leading role in the 2022 Commonwealth Games.

Coventry & Warwickshire is also home to one of the largest video game development clusters in the UK, employing over 3,000 people, anchored around Leamington Spa which equates to over 10 % of the UK workforce located here and will form a key part of the new Leamington Creative Quarter project.