Sheffield’s new Chamber President has backed the ‘truly inspirational’ Olympic Legacy Park (OLP). During one of his first visits to the OLP, the recently appointed President of Sheffield Chamber of Commerce and Industry, Darren Pearce, recognised the big potential of the multi-million London 2012 legacy scheme. Once fully operational, the
Investors from Hong Kong and Macau have signed a £55 million residential development deal, Birmingham city council has confirmed. At least 214 apartments are set to be built on a brownfield site at 21 William Street in Ladywood. The Cedar House was formerly a data centre. In September, Birmingham City
Sheffield’s new Chamber President has backed the ‘truly inspirational’ Olympic Legacy Park (OLP). During one of his first visits to the OLP, the recently appointed President of Sheffield Chamber of Commerce and Industry, Darren Pearce, recognised the big potential of the multi-million London 2012 legacy scheme. Once fully operational, the 35 acre OLP is due to become the world’s leading location for innovation in wellbeing, health and sport. Pearce, who is also centre director at Meadowhall shopping centre, said that the Olympic Legacy Park is a truly inspiring project. He continued: “With the recent announcement of plans to regenerate the Attercliffe area, the Olympic Legacy Park is already leading by example and embracing the huge potential for the sports, health and wellbeing agenda in our region. “The UTC Sheffield Olympic Legacy Park and Oasis Academy Don Valley are both excellent facilities, providing innovative learning environments where young people across the region can recognise their full potential. “It was great to have the opportunity to see first-hand how the site is developing and how the Olympic Legacy Park is already putting Sheffield on the map. From a Meadowhall perspective, the Olympic Legacy Park very much aligns with the corporate wellbeing objectives of our owners British Land.” Meanwhile, the boss of the London Stadium has resigned after an inquiry was opened into the soaring costs to the taxpayer to run the venue. David Edmonds, the chairman of the London Legacy Development Corporation which is responsible for the running of the city’s Olympic Park and how the facilities are used following the 2012 Games, has quit his post. The announcement comes after London mayor Sadiq Khan announced on Tuesday evening that he had ordered an investigation into the rising bill for converting the London Stadium for use by West Ham amid concerns that taxpayers will be saddled with the costs for years to come.
Investors from Hong Kong and Macau have signed a £55 million residential development deal, Birmingham city council has confirmed. At least 214 apartments are set to be built on a brownfield site at 21 William Street in Ladywood. The Cedar House was formerly a data centre. In September, Birmingham City Council signed a joint statement of investment commitment with County Garden, the fifth biggest property developer in China, which it said could be worth up to £2 billion for the city’s economy with regard to direct investment into infrastructure and housing. John Clancy, the council’s leader, said that the deal could be worth up to £5 billion to the city. During a trip to Singapore, China and Hong Kong last year, Mr Clancy met with investors where he outlined Birmingham’s open approach to Asian investment, in particular residential development in the city. He explained: “This is excellent news and demonstrates that Birmingham is open for business in a challenging post-Brexit landscape. “Coming on top of the £2bn agreement with Country Garden to deliver much-needed homes for our citizens, this is proof that Birmingham can attract global investors. “There’s a housing crisis in this country and Birmingham is no exception. We need more affordable homes, we need more social housing, and we need to give people hope.” Waheed Nazir, Birmingham City Council’s Strategic Director for the Economy, said that the new investment is of vital importance to this growth agenda. Nazir continued: “Announcements like this, together with the recent launch of a £724m investment plan to maximise the benefits of HS2, demonstrate that confidence in the city is high. “The delivery of new homes, quality of life and employment opportunities will continue to see Birmingham as an attractive place to invest.” Top Capital Group will act as the funder and ultimate owner of the site through the establishment of William Street Investment Co, which will buy a long lease on the land.
