Located on a 17 acre site at the city’s heart, Paradise links Birmingham’s civic, commercial and cultural quarters. Comprising ten individually designed buildings across the £1.2bn development, it is one of the largest and most strategically important city centre schemes outside of London.
The opportunity for investment is available in partnership with Hermes Investment Management, including co-investment/development finance to support Phases 2 and 3 or on a building-by-building basis.
As part of Federated Hermes, MEPC has a long track record of working together to create destinations where the community can flourish with particular strength in the creation of successful mixed-use developments.
Paradise benefits from the continuity and commitment of this partnership, forming part of MEPC’s growing portfolio of inventive and sustainable places, each one crafted with the future in mind, designed with a social heart, and delivered with passion.
Why invest in Birmingham?
Birmingham, the UK’s second city is the urban heart of the West Midlands. It offers unparalleled connectivity, cultural diversity and economic buzz.
The Big City Plan has transformed the city centre, attracting a new mix of business services, tech, creative industries and life sciences, with a specialised focus on advanced manufacturing and green industry.
The city of a thousand trades, as Birmingham was once known, is now the city of a thousand start-ups, 8,000 acres of green space, one hundred languages, 90,000 university students and leading restaurants serving 27 different national cuisines.
Birmingham’s population is also one of the youngest in Europe and is growing fast and expected to reach 1.25 million over the next 20 years.
This is a golden decade for Birmingham, when the 2022 Commonwealth Games, urban regeneration programmes and the arrival of HS2 will transform the city, its public profile, its connectivity, and its offer to businesses and residents, placing Birmingham at the heart of the West Midlands’ economic revival.
Insight for investors
- Type of Investment Sought: Development partner or funder
- Value and cost info: £750m GDV (Phase 2&3)
- Site Size: 185,000 square meters/7 hectares
- Jobs: Up to 12,000
- Timescale: 2013-2028
- Delivery Timescale: 1 – 5 years
- Planning Status: Paradise masterplan for all phases includes outline planning consent