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Retail/Commercial

Urban Regeneration

Interchange Commercial District

Wolverhampton has the potential around the transport interchange to grow its office offer by up to 93,000m2 over ten years. This would allow the City to capitalise upon its location and connectivity as a Commercial Gateway of regional significance.

Interchange 8 will be the city’s third, and largest, office development in the Commercial District with the best environmental credentials of any building in the city. Building on the successes of i9 and i10, Interchange 8 will offer flexible floorspace designed around today’s office requirements and will deliver net zero carbon design in a location only minutes away from the city’s new public transport Interchange.

Steam Mill and Sackworks are two key sites neighbouring the city’s new railway station. They offer the ability to unlock the potential of the site as a legible, permeable and well-connected place accessible to the wider community, enhance and build upon character of the Union Mill conservation area and deliver new commercial office and leisure floorspace that links the transport interchange with the wider corridor.

Key facts

• The new i9 development is home to the second headquarters of the Department of Levelling Up, Homes and Communities, City centre office-led, mixed use development next to the £150 million transport hub

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Investment location

Why invest in Wolverhampton?

Wolverhampton has been backed by the UK Government in February’s Levelling Up White Paper to continue to deliver even more ambitious regeneration projects across the city. This is a strong endorsement of the work of the City of Wolverhampton Council who have an impressive track record of delivery in partnership with a range of public and private sector organisations.

With £4.4 billion worth of investment on site or planned, the face of our city is changing through the creation of a wealth of attractive opportunities for developers and investors. Prime examples of this collaborative working are the award-winning £1 billion i54 business park, the £150 million Interchange transport hub, the £17.5 million National Brownfield Institute at the University of Wolverhampton’s Springfield Campus and the

£16 million construction of the i9 office complex – now home to the Department for Levelling Up, Homes and Communities’ second headquarters.

With 10,000 new homes planned, the potential for another 1 million square foot of office space, opportunities in retail, leisure and hospitality and an enviable portfolio of heritage buildings, Wolverhampton is a prime location for investment in the heart of the UK.

Insight for investors

• Type of Investment Sought: Opportunities for Buyer, equity investor, development partner, operators
• Value and cost info: £50m+ GDV
• Site Size: 1,000,000s q ft commercial space
• Timescale: 2023 onwards
• Delivery Timescale: 1 – 5 years
• Planning Status: As part of local area plan outline application being prepared for Interchange 8

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Primary promotor

City of Wolverhampton Council; Canal & River Trust; ION Developments