CCC/Aviva – Coventry City Center South Redevelopment – West Midlands - Project Profile

CCC/Aviva – Coventry City Center South Redevelopment – West Midlands - Project Profile

Synopsis

"CCC/Aviva – Coventry City Center South Redevelopment – West Midlands - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary

The Coventry City Council (CCC) in collaboration Aviva Investment (Aviva) is planning to undertake the redevelopment of City Center South project in West Midlands, the UK.

The project involves the construction of a city center. It will include the construction of 52,000m2 of retail and leisure space, an 11,148m2 anchor store, a 5,700m2 cinema theater, a 3,500m2 hotel, 40 apartments, 50 retail units, a major department store, three large flagship stores, student accommodation, nine family restaurants and 1,200 parking space, and the installation of safety and security systems.

On March 27, 2012, outline planning application was submitted to Coventry's planning committee and secured approval on June 1, 2012.

In November 2013, Queensberry Real Estate (QRE) was appointed as the development partner to transform the area that covers Bull Yard, Shelton Square and City Arcade of the project. However, it later pulled out after a feasibility study concluded that it was unviable for the developer, despite significant demand from retailers.

In December 2016, West Midlands Combined Authority (WMCA) approved a grant of US$125.3 million for the project.

In January 2017, Shearer Property Group has been appointed as associate developer by CCC.

Construction is scheduled to be completed by 2020.

Scope

The project involves the construction of a city center in Coventry, West Midlands, the UK.

The US$450 million project includes the following:

1. Construction of an 11,148m2 anchor store

2. Construction of 52,000m2 of retail and leisure space

3. Construction of a 5,700m2 cinema theater

4. Construction of a 3,500m2 hotel

5. Construction of 40 apartments

6. Construction of 50 retail units

7. Construction of nine restaurants

8. Construction of 1,200 car parking space

9. Construction of a major department store

10. Construction of three large flagship stores

11. Construction of a student accommodation

12. Installation of elevators

13. Installation of safety and security systems

Reasons To Buy

• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.